A plus for the forex argument would be that you can easily apply the compounding principle....
Ex. You trade the EUR/USD with a 10K account and choose to risk 1% max on each trade.
First trade you would be able to risk $100 and max lot size would be 100,000. Lets say
you make 20 pips or a little under $200 dollars counting commissions. Now you have $10,200 and you can trade
a lot size of 102,000, risking $102.
With futures you would need to accumulate quite a bit of profits before increasing your lot size.
This principle applies when you are losing as well. You can easily reduce your trade size as your account goes in the wrong direction.
Short version: Spot forex is the primary retail market for foreign exchange, and futures (CME) is the secondary market. Which is best for you depends. You can watch the webinar for some general info to get you started.
Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.
Need help? 1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first. 2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses. 3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make. 4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance. 5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers. 6) Help using the forum? Watch this video to learn general tips on using the site.
If you want to support our community, become an Elite Member.