Hi all, I am new to trading and also on big mike forum.
I started trading a while ago, and I am really enjoying it, but since I work 8 AM until 18 PM I really don't have much time to do day trading practice on my local stock exchange, and also I am not from the US, difficulting things a little bit.
So I came with the big idea of doing some offshore trading, waking up early and start trading on foreign markets.
I'v searched a little bit and found some nice brokerages, I like using the DOM with some orderbook, and have found that Ninjatrader can accept foreign accounts with a minimum of $1000 account funding, and also Tradestation with a minimum of $5000.
So my question is, what are the best instruments/future contracts to trade on, by best I mean, less risk for me a beginner to trading, I would prefer low tick values around $5 per contract or less.
By researching I'v found the NQ and the YM best options at $5 per tick, the ES is kinda expensive at start for me ($12.5).
I think I can't trade equities because I don't live in the US, so the solution for my problem is futures/indexes, correct me if I am wrong.
Any tips are welcome
Last edited by fbmiranda7; November 17th, 2014 at 10:04 AM.
Hi, thanks for your reply, between 6E and NQ/YM, I prefer lowest tick value NQ or YM, and I have been in Forex, quite didn't like how the price moves also there is no order book/times & sales, I cant do the DOM the way I would like to.
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