Which is best market for novice? (Page 2) - Psychology and Money Management | futures.io
futures.io futures trading

Go Back   futures.io

> Futures Trading, News, Charts and Platforms > Psychology and Money Management

Which is best market for novice?
Started:June 21st, 2013 (08:36 AM) by allysius2005 Views / Replies:1,059 / 11
Last Reply:July 14th, 2013 (05:14 PM) Attachments:0

Welcome to futures.io.

Welcome, Guest!

This forum was established to help traders (especially futures traders) by openly sharing indicators, strategies, methods, trading journals and discussing the psychology of trading.

We are fundamentally different than most other trading forums:
  • We work extremely hard to keep things positive on our forums.
  • We do not tolerate rude behavior, trolling, or vendor advertising in posts.
  • We firmly believe in openness and encourage sharing. The holy grail is within you, it is not something tangible you can download.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community. It's free and simple, and we will never resell your private information.

-- Big Mike

Thread Tools Search this Thread

Which is best market for novice?

Old July 14th, 2013, 03:31 PM   #11 (permalink)
Trading Apprentice
San Francisco, California, United States
Futures Experience: Intermediate
Platform: Sierra Chart
Favorite Futures: ES
Posts: 7 since Aug 2012
Thanks: 1 given, 1 received

Spot Forex and YM Dow Futures

I have a Spot Forex micro account I use to test strategies that I will eventually use for the YM emini Dow ($5 / tick)
market. In a Micro Spot forex acct I get gains / losses of $5 and when I get a system that seems to work I take it up the next level to the YM.

Another way is to download Ninja Trader and use the Market replay to trade your system without risking real money. --Fred

Reply With Quote

Old July 14th, 2013, 05:14 PM   #12 (permalink)
Elite Member
Surf City NC
Futures Experience: Advanced
Platform: Ninjatrader,Think or Swim
Favorite Futures: Stock/Futures/
quantismo's Avatar
Posts: 213 since Jul 2011
Thanks: 304 given, 145 received

The more trades the better..

If you have a $5000 dollar futures account and you are dying to start trading live , you have about a 99.99999999 chance that you will blow that account up. Then you may try it again , and even a few more times and after about 20 grand in the hole you will start to get that its pretty much not possible with that small of account.
Now for a person that has been up and running profitable for a while they could start out with that small off account.
Now on the other hand if you opened up a forex account at Onanda or MbTrading(where I have mine) you can make that same $5000 account last your whole trading education and maybe even make some money... because you can trade much much much much ..... smaller size trades without blowing your account out in a few days or weeks .

Basially I agree with what MR.YOU said in his post too...and..

I suggest get a Forex account and just trade small micro lots of 3000 to 6000 which equalls 30 cents to 60 cents a pip
forget what everyone says about risking nore more then 1% that will blow out a new traders account for sure. You can risk much less than 1% with the micro forex and stay in the game a hell of alot longer when learning.

Reply With Quote
The following 2 users say Thank You to quantismo for this post:


futures.io > Futures Trading, News, Charts and Platforms > Psychology and Money Management > Which is best market for novice?

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Upcoming Webinars and Events (4:30PM ET unless noted)

NinjaTrader 8: Programming Profitable Trading Edges w/Scott Hodson

Elite only

Anthony Drager: Executing on Intermarket Correlations & Order Flow, Part 2

Elite only

Adam Grimes: Five critically important keys to professional trading

Elite only

Machine Learning Concepts w/FIO member NJAMC

Elite only

MarketDelta Cloud Platform: Announcing new mobile features

Dec 1

NinjaTrader 8: Features and Enhancements

Dec 6

Similar Threads
Thread Thread Starter Forum Replies Last Post
How To Forcast Market Condition Based On Pre Market & Overnight Session? SeanKozak Elite Automated Trading 2 February 23rd, 2013 11:18 AM
some novice questions about Footprint/Numbers bars, volume by price, etc. Sayounara Traders Hideout 5 November 25th, 2012 09:47 AM
Stock Market Correction? Yep, the Market's 'Fever' Has Broken Quick Summary News and Current Events 0 April 9th, 2012 08:20 PM
Some help for a complete EasyLanguage novice seaneking EasyLanguage Programming 5 April 4th, 2011 11:18 AM
spreadsheet novice PandaWarrior Psychology and Money Management 3 December 9th, 2010 08:12 PM

All times are GMT -4. The time now is 04:06 PM.

Copyright © 2016 by futures.io. All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts

Page generated 2016-10-28 in 0.06 seconds with 19 queries on phoenix via your IP