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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
Best regards.
Fabrício Miranda.
Can you help answer these questions from other members on NexusFi?
From Brazil, I'd think the 6E(but still $12.5/tick) is tradeable as you can get some of the European session in the early morning hours. Trading the Japanese Yen 6J futures
could be done at late night for you although the yen doesn't seem as popular to trade anymore. (and kinda slow or unstable) Also, Forex can be something to look at for more variable scaled trading. (Forex equivalent of 6E is EUR/USD) MBTrading and FXCM now offer Ninjatrader compatibility. More info at this thread:
I am trying to decide if I should focus in on forex or mini futures with a small account size of $2000. I was thinking mini forex as i have studied it intensely for quite some time but would like some feed back as to if maybe sugar 11, grains, or another …
In the above answers a main point about a FUTURE has not been given.
We need to distinguish between an INDEX and a FUTURE. The index is a basket
of real time stocks or commodities. This index can NOT be traded - only the
underlying …
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.
