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Hi, I've been learning about futures but, the more l look into it, the more I feel that it's geared towards day traders and not swing or position traders.
If my perception is wrong I'd love for some of the more experienced forum members to enlighten me and other newbies.
My inclination is towards futures as l like the leverage and the fact that the exchange is regulated. However, I live in London and, due to working a 9-5 job, cannot day trade. Therefore my preference is to swing or position trade and I'm not sure if futures offers this option.
The following 3 users say Thank You to kazz for this post:
Thanks for the reply. Maybe I phrased it incorrectly. What I meant was that if you want to get decent percentage returns trading futures then you need to day trade.
Especially so if you have a small account. For example a $10,000 account which you are using to trade e-mini forex futures.
The following 2 users say Thank You to kazz for this post:
I get it. You have to think that most people lose trading though...
I never really think about decent percentage returns. The game is hard enough. Thinking about finding the best returns is almost pointless.
your ideas on how to make money in futures evolves as you gain experience. Don't define yourself by a style of trading. Try to develop any strategy that has a positive expectancy.
You may find that it's a "swing strategy" or you may find it's a "day trader strategy."
Last edited by Massive l; November 30th, 2018 at 04:57 PM.
The following 4 users say Thank You to Massive l for this post:
London is 4 hours ahead of NY you would be able to trade after the lunch break, depending when you get home for work, some days there is decent volume after lunch and some days it is horrible. Also could look into trading the Asian session
-P
"Truth is not what you want it to be; it is what it is, and you must bend to its power or live a lie"-Miyamoto Musashi
The following 2 users say Thank You to MiniP for this post:
Thanks massive. I really appreciate you taking time out to answer my questions. It's people like you that make this forum such a great place.
I understand your point on expectancy. However, would you agree that it is easier to make more money on a small futures trading account than it is on a larger one?
For example, if one has a $10,000 account, then would they not have an easier time making say a $100 a day day trading than $100 a day swing trading?
Simply because they get many more opportunities or setups day trading than they would swing trading?
The following user says Thank You to kazz for this post:
the NQ just made a 50 pt move at the time slot that would work for you. 1 contract would = $1000 for that size move.
This isn't always the case but there is money to be made.
-P
"Truth is not what you want it to be; it is what it is, and you must bend to its power or live a lie"-Miyamoto Musashi
The following 2 users say Thank You to MiniP for this post:
Thanks @Massive I. This is the instrument that I have been looking at to swing trade. From what I understand, there are only a very few micro currency futures worth trading as liquidity is poor in most of them. M6E is one that can be traded.
If I was to trade this particular future, how often would setups occur on a swing trading basis? I suspect that there would not be many. Is this not the reason why most people prefer to day trade?
Apologies for all the questions, I am just trying to understand what is the best way forward for me in this futures market.
In other words, they get many more setups occurring on se an hourly charge then they would on say a daily or weekly chart?
