Which is best market for novice? - Psychology and Money Management | futures io social day trading
futures io futures trading

Which is best market for novice?
Updated: Views / Replies:1,607 / 11
Created: by allysius2005 Attachments:0

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 100,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • 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.

-- Big Mike, Site Administrator

Thread Tools Search this Thread

Which is best market for novice?

  #11 (permalink)
Trading Apprentice
San Francisco, California, United States
Trading 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
  #12 (permalink)
Elite Member
Waco TX.
Trading Experience: Advanced
Platform: Ninjatrader
Favorite Futures: ES
quantismo's Avatar
Posts: 233 since Jul 2011
Thanks: 321 given, 170 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 > > > 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)

Journal Challenge $1600 in Prizes & Free Journalytix for all participants!


Trading Resolutions for 2019 - Avoiding Mistakes w/GFF Brokers

Feb 19

3 Excellent Entries, and How To Automate Them w/Kevin Davey

Feb 21

The Driving Force Behind the Market w/Earn2Trade

Mar 5

TBA w/Stage5 & iSystems

Mar 12

TBA w/John Grady @ No BS Day Trading

Mar 19

Day Trading Oil Futures: Reducing Risk & Increasing Profits w/DTN IQFeed

Mar 26

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 12:18 PM
some novice questions about Footprint/Numbers bars, volume by price, etc. Sayounara Traders Hideout 5 November 25th, 2012 10:47 AM
Stock Market Correction? Yep, the Market's 'Fever' Has Broken Quick Summary News and Current Events 0 April 9th, 2012 09:20 PM
Some help for a complete EasyLanguage novice seaneking EasyLanguage Programming 5 April 4th, 2011 12:18 PM
spreadsheet novice PandaWarrior Psychology and Money Management 3 December 9th, 2010 09:12 PM

breakouts, broker, brokers, commodities, daytrade, dow, downloading, emini, emini dow, es, forex, forex account, futures, how to, how to trade, information, market replay, market_replay, mb trading, mbtrading, metatrader, micro account, ninja, ninja trader, ninjatrader, profitable, replay, research, reversals, short, spot forex, stock market, strategies, tick, trade live, tradestation, trading, trend, webinars

All times are GMT -4. The time now is 10:08 PM. (this page content is cached, log in for real-time version)

Copyright © 2019 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432 WhatsApp Business, info@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 2019-02-17 in 0.19 seconds with 14 queries on phoenix