hello everyone just a newbie with a few questions :) - Beginners and Introductions | futures io social day trading
futures io futures trading


hello everyone just a newbie with a few questions :)
Updated: Views / Replies:2,201 / 25
Created: by ashfsderse Attachments:1

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 1  
 
Thread Tools Search this Thread
 

hello everyone just a newbie with a few questions :)

  #11 (permalink)
Elite Member
Duluth, georgia united states
 
Futures Experience: Beginner
Platform: NT7
Favorite Futures: emini ES
 
Posts: 70 since Apr 2016
Thanks: 10 given, 52 received

yea thats what i was worried about sadly. i made this post wondering if there were some other instruments that required less capital i can start out with. on the upside i got a ninjatrader sim working through top step trader, and im thinking about subscribing to their plan. Does anyone have any experience with them. i saw one of their videos with big mikes youtube channel so thought some people may have opinions. thanks again for everyone's time.

Reply With Quote
The following user says Thank You to ashfsderse for this post:
 
  #12 (permalink)
Elite Member
Duluth, georgia united states
 
Futures Experience: Beginner
Platform: NT7
Favorite Futures: emini ES
 
Posts: 70 since Apr 2016
Thanks: 10 given, 52 received

update got level 2s working on nt and working on understanding it now thanks for all the help guys

Reply With Quote
The following user says Thank You to ashfsderse for this post:
 
  #13 (permalink)
Elite Member
Chicago, IL
 
Futures Experience: None
Platform: NT8,NT7,TWS,FOREX.COM app
Broker/Data: InteractiveBrokers, NinjaTrader Brokerage FOREX.COM, IQFeed
Favorite Futures: The one I'm creating in the present....ES, ZF, ZN, ZB, FX pairs
 
Blash's Avatar
 
Posts: 1,560 since Nov 2011
Thanks: 4,527 given, 2,340 received
Forum Reputation: Legendary



ashfsderse View Post
Hello everyone i'm currently futures trading on paper money, and studying for about 4-6 hours a day.

I'm very excited about getting into live trading, and am in the process of developing a plan. I originally thought about putting in about 5-6 thousand dollars into an account and attempt /es on live market, but couldn't get over the huge amount of leverage. i am prepared to lose all of the 5 to 6 thousand dollars, but the idea of a huge debt from noob mistakes turns me away. I've been coming out positive 200-300$ at the end of my days trading 1 contract at a time (i usually trade in the mornings 3-4 days a week for the past couple months) but read about how different paper trading is from live, and again do not want to risk losing everything.



I rethought my plan into using a different instrument with a less risk to continue learning as i save more money/make small wins with my "education." My problem is i do not really no what other instruments i should begin practicing and looking more into. Is there anyone out there with some suggestions.



i also practice/study while i'm at work. (i work at an internet cafe for a decent wage, and find myself in a empty room full of high powered gaming computers for 4-5 hours so day trading and still keeping my full time job is very much an options.)



other than that thanks for the read and im glad i found this forum.



Problem as I see it is ES is a great instrument but you are up against some of the best and most well capitalized traders on the planet. It's King. Period. I did hear CME was coming out with a micro ES but don't know if it's true and or still happening and might be a long time from now. And you need very strict rules regarding draw downs with your account size which can be hard to flow especially going live for the first time. What if you took a look at CME's E-micro Euro M6E? It fits your account size. $1.25 a tick. The you can trade a 2 lot and scale in and out. A must have skill you can't learn on ES currently. Today it had a little over 14600 for volume. I think its still the E-micro with the most volume.l but have not looked at the micros for a while. http://www.cmegroup.com/trading/fx/e-micros/e-micro-euro_contract_specifications.html. It's not going to be as liquid as ES but it's a ton more forgiving and you are going to be up against traders more at your levels.

Good luck and keep posting ......

Ron

It is an axiomatic fact that while you meditate you are speaking with your own spirit. In that state of mind you put certain questions to your spirit and the spirit answers: the light breaks forth and the reality is revealed.
The steed of this Valley is pain; and if there be no pain this journey will never end.
Buy Low And Sell High (read left to right or right to left....lol)
Reply With Quote
 
  #14 (permalink)
Elite Member
Bangkok thailand
 
Futures Experience: Advanced
Platform: Multicharts, ninjatrader, tradestation, fxcm
Favorite Futures: Es forex
 
Posts: 116 since Jan 2015
Thanks: 128 given, 59 received

with a small account you would be better off trading forex where the brokers allow small size trades

Reply With Quote
The following user says Thank You to Forexoil for this post:
 
  #15 (permalink)
Trading for Fun
Boston, MA
 
Futures Experience: Intermediate
Platform: Sierra Chart
Broker/Data: Interactive Brokers, AMP/CQG
Favorite Futures: N225M (Osaka), ES
 
Posts: 165 since Dec 2014
Thanks: 60 given, 112 received

I am a huge advocate of trading the Nikkei 225 Mini (on the Osaka Securities Exchange) if you have a small account. One tick is only 500 yen about $4.50). It is highly liquid, with daily volume sometimes surpassing the ES. It trades from 9AM to 3:15PM Tokyo time, so it is a great evening trading instrument for US traders - you can therefore keep your day job while trading this while you learn. It moves similarly to the ES since it is an index futures contract just like the ES. I definitely suggest staying away from Forex if you are interested in intraday trading. Futures provide a far more transparent and level playing field.


Last edited by mangolassi; April 23rd, 2016 at 03:53 PM.
Reply With Quote
The following user says Thank You to mangolassi for this post:
 
  #16 (permalink)
Elite Member
Chicago, IL
 
Futures Experience: None
Platform: NT8,NT7,TWS,FOREX.COM app
Broker/Data: InteractiveBrokers, NinjaTrader Brokerage FOREX.COM, IQFeed
Favorite Futures: The one I'm creating in the present....ES, ZF, ZN, ZB, FX pairs
 
Blash's Avatar
 
Posts: 1,560 since Nov 2011
Thanks: 4,527 given, 2,340 received
Forum Reputation: Legendary


mangolassi View Post
I am a huge advocate of trading the Nikkei 225 Mini (on the Osaka Securities Exchange) if you have a small account. One tick is only 500 yen about $4.50). It is highly liquid, with daily volume sometimes surpassing the ES. It trades from 9AM to 3:15PM Tokyo time, so it is a great evening trading instrument - you can therefore keep your day job while trading this while you learn. It moves similarly to the ES since it is an index futures contract just like the ES. I definitely suggest staying away from Forex if you are interested in intraday trading. Futures provide a far more transparent and level playing field.



What data do you use for it please?

Ron

It is an axiomatic fact that while you meditate you are speaking with your own spirit. In that state of mind you put certain questions to your spirit and the spirit answers: the light breaks forth and the reality is revealed.
The steed of this Valley is pain; and if there be no pain this journey will never end.
Buy Low And Sell High (read left to right or right to left....lol)
Reply With Quote
 
  #17 (permalink)
Trading for Fun
Boston, MA
 
Futures Experience: Intermediate
Platform: Sierra Chart
Broker/Data: Interactive Brokers, AMP/CQG
Favorite Futures: N225M (Osaka), ES
 
Posts: 165 since Dec 2014
Thanks: 60 given, 112 received


Blash View Post
What data do you use for it please?

Ron

IB offers it, and now AMP offers it and uses CQG as its data feed. AMP's commission is unacceptably expensive, however

Reply With Quote
 
  #18 (permalink)
Just a boy
Auckland, New Zealand
 
Futures Experience: Beginner
Platform: Sierra Chart
Broker/Data: AMP/CQG
Favorite Futures: Whatever moves in my timezone
 
Posts: 1,803 since Sep 2009
Thanks: 3,165 given, 1,372 received

hello everyone just a newbie with a few questions :)


mangolassi View Post
IB offers it, and now AMP offers it and uses CQG as its data feed. AMP's commission is unacceptably expensive, however



Thought AMP was the same as IB now ie 40 Yen.

I think @mattz at Optimus is offering it as well so he can confirm comms.

EDIT: now with AMP 15 April email extract confirming price reduction

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


Last edited by steve2222; April 23rd, 2016 at 06:35 PM. Reason: attachement
Reply With Quote
 
  #19 (permalink)
Elite Member
Duluth, georgia united states
 
Futures Experience: Beginner
Platform: NT7
Favorite Futures: emini ES
 
Posts: 70 since Apr 2016
Thanks: 10 given, 52 received

thanks everyone

ive been trading 6e mainly on tst using ninja now. ill definitely look into nkd. and everyone was right i made some good wins on sim but the cl and es quickly destroyed me lol. after practicing and studying though i've gone from being a horrible trader to a slightly less but still horrible trader. i feel like this slight improvement came from learning to let go of trades and some basic risk management. this definitely saved me from losing as much, but when it comes to entries i cant seem to find high probability trades that stand out to me in real time. is this just something a trader learns with experience? does anyone have any advice or webinars or there own methods they are willing to share with me? i've been consuming webinars and articles, but never had any personal recommendations before.

Reply With Quote
The following user says Thank You to ashfsderse for this post:
 
  #20 (permalink)
Elite Member
Chicago, IL
 
Futures Experience: None
Platform: NT8,NT7,TWS,FOREX.COM app
Broker/Data: InteractiveBrokers, NinjaTrader Brokerage FOREX.COM, IQFeed
Favorite Futures: The one I'm creating in the present....ES, ZF, ZN, ZB, FX pairs
 
Blash's Avatar
 
Posts: 1,560 since Nov 2011
Thanks: 4,527 given, 2,340 received
Forum Reputation: Legendary



ashfsderse View Post
ive been trading 6e mainly on tst using ninja now. ill definitely look into nkd. and everyone was right i made some good wins on sim but the cl and es quickly destroyed me lol. after practicing and studying though i've gone from being a horrible trader to a slightly less but still horrible trader. i feel like this slight improvement came from learning to let go of trades and some basic risk management. this definitely saved me from losing as much, but when it comes to entries i cant seem to find high probability trades that stand out to me in real time. is this just something a trader learns with experience? does anyone have any advice or webinars or there own methods they are willing to share with me? i've been consuming webinars and articles, but never had any personal recommendations before.



What I do is dump 10 years of market data into Excel and hunt for high probability trades using Pivot tables finding some as high as 80% in Treasuries for gap close. Other things to look for is Over Night High and Low fade/tag, yesterday's VPOC tag trades also yesterday value area high low (YVAH YVAL) trades and many others. There is a thread here called some like Master homework that I posted a Treasury Excel sheet in a few months ago.

Ron

It is an axiomatic fact that while you meditate you are speaking with your own spirit. In that state of mind you put certain questions to your spirit and the spirit answers: the light breaks forth and the reality is revealed.
The steed of this Valley is pain; and if there be no pain this journey will never end.
Buy Low And Sell High (read left to right or right to left....lol)
Reply With Quote

Reply



futures io > > > > hello everyone just a newbie with a few questions :)

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Jigsaw Trading: TBA

Elite only

FuturesTrader71: TBA

Elite only

NinjaTrader: TBA

Jan 18

RandBots: TBA

Jan 23

GFF Brokers & CME Group: Futures & Bitcoin

Elite only

Adam Grimes: TBA

Elite only

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Very basic newbie questions nopeda Beginners and Introductions 11 April 6th, 2016 12:44 PM
Newbie Questions about AAPL Options newbielearning Options on Futures 7 January 26th, 2015 02:32 AM
newbie questions .. eagle75 Traders Hideout 2 May 21st, 2012 03:24 AM
Newbie Questions JTurner77 ThinkOrSwim 3 December 31st, 2011 11:46 PM
Forex newbie questions sam028 Traders Hideout 7 November 27th, 2009 05:12 PM


All times are GMT -4. The time now is 07:51 PM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-12-15 in 0.13 seconds with 20 queries on phoenix via your IP 54.163.61.66