Yep like Matt said, it's mostly due to leverage and lot sizing. You can open a $1000 account and use a minimum of 0.01 lots....this way you test out your strategy and system before deciding to open a 15k futures account for example.
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There is also QM which is a mini CL @ 500 brl per contract vs 100. For day trading or longer this could be a good option. I've never traded it but I am told the spreads are a little worse and due to the low volume liquidity is poor so it slips around a bit but would be fine for day or swing trading. Keep in mind that the min price move is 2.5 cents vs 1 cent
Inletcap, interesting you mentioned the QM. I just started looking at it, and I am kinda' not liking it's movement based on it's risks. Seems to me just plain old full-sized oil would give better potential. That would take time and research to verify however. But neat that someone else has been looking at it.
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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,
Open a day trading margin futures account with a broker data feed, with let's say AMP futures for example. You'll typically need $500 or there abouts to commit to your education and you are away to start trading to a sim platform (you'll need to review the providers software options as these will vary).
Start seriously with a futures acc and a decent liquid market and you'll have the best chance to progress.
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