Markets are fractal,it means they are similar to themselves and repeat themselves.your kid is a fractal part of you.so there is no substantial
Difference in trading stocks or bond or commodity.all obey the same rules because human mind makes the market
We, I know the E-mini is a huge one, however, you can day trade any liquid market. The ones with the mostly volume and open interest are the ones to look at. Thin markets, with low activity generally have very bad fills, and you will get chewed up with said bad fills.
Broker/Data: Multiple broker + Multiple feed (for access to specific exchanges)
Favorite Futures: European Indices, Precious Metals, Energy
Posts: 423 since Dec 2013
Thanks: 204 given,
In a broad sense that's true, building on what you've said particular markets do have very specific behaviour if nothing else in how they react to news events and how different markets lead an lag each other. I've also found that the liquidity of markets vary drastically. Making some products much more difficult to trade.
Carley Garner, a futures broker, wrote an introductory book on trading commodities. You can search for it on any of the bookstore sites.
And I noticed she is also a forum member of futures.io (formerly BMT), so you can even ask the author any good questions you may have. Having this kind of direct access to an author is a great benefit of this forum.
If you are going to trade the Futures Market-- then I recommend that this is the only market you focus on.. also, start with a demo account, which you should trade from for at least one month just getting you feet wet. You made actually need more time and if so don't feel you are not getting it just keep going and using your demo account until you feel very comfortable. Also, you need a setup for your daily trading-- for example start with the ES and NQ and have both charts and DOMs up for each--- you need to learn how to read the market from the DOMs and not the charts as much. If you do this each day you will start to see what is going on in the market. Other markets to watch are the following:
the 30yr and 10 bonds. Also the Yen, Euro, and of course the DAX and Euro stocks.. I keep 8 DOMs up at all times to get a sense of the whole market and then concentrate on the ones I going to take a trade in. You also need to learn he correlations between markets and watching the DOMs will give you an edge.. Their is a lot more to this but only so much space for my post.