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Search: Posts Made By: noobforlyfe

Forum: Traders Hideout

June 29th, 2016, 09:48 AM

Replies: 44

:$ :$ :$ REALLY DUMB FUTURE question

Views: 10,837

Posted By noobforlyfe

Hey ron, so like with forex the leverage and...

Hey ron, so like with forex the leverage and margin thing is it different? You have to pay interest on the borrowed money? A lot of people said with futures, in simple terms, you don't have to pay...

Forum: Traders Hideout

June 29th, 2016, 01:30 AM

Replies: 44

:$ :$ :$ REALLY DUMB FUTURE question

Views: 10,837

Posted By noobforlyfe

Hey ron, thanks for the amazing tips and I agree...

Hey ron, thanks for the amazing tips and I agree I don't think ES market is just right for me yet given my lack of knowledge and expertise.

I think i am far more better off with e-micro futures...

Forum: Traders Hideout

June 28th, 2016, 11:00 PM

Replies: 44

:$ :$ :$ REALLY DUMB FUTURE question

Views: 10,837

Posted By noobforlyfe

Thanks for the great information! I am at UofT...

Thanks for the great information! I am at UofT atm, and prefer to trade around night time anywhere from like 9pm-1am. I would have to do the same introductory research for forex as it is a whole new...

Forum: Traders Hideout

June 28th, 2016, 05:12 PM

Replies: 44

:$ :$ :$ REALLY DUMB FUTURE question

Views: 10,837

Posted By noobforlyfe

Indeed, I see your point there metalhe4der,...

Indeed, I see your point there metalhe4der, hopefully I will probably end up signing up once I feel like I want to commit to this on the side (As i am a full time university student). I mean if I can...

Forum: Traders Hideout

June 28th, 2016, 03:52 PM

Replies: 44

:$ :$ :$ REALLY DUMB FUTURE question

Views: 10,837

Posted By noobforlyfe

Hey Bob, I absolutely agree with you 110%. There...

Hey Bob, I absolutely agree with you 110%. There is definitely something to be learned from SIM however your absolutely correct with the fact that it is not the same when you are putting real money...

Forum: Traders Hideout

June 28th, 2016, 10:41 AM

Replies: 44

:$ :$ :$ REALLY DUMB FUTURE question

Views: 10,837

Posted By noobforlyfe

Ahhh i seee, thanks. :$$$$$

Ahhh i seee, thanks. :$$$$$

Forum: Traders Hideout

June 27th, 2016, 09:07 PM

Replies: 44

:$ :$ :$ REALLY DUMB FUTURE question

Views: 10,837

Posted By noobforlyfe

Thanks for extremely informative post...

Thanks for extremely informative post HoopyTrading, that really clarified things up crystal clear.

Why would you need the exchange fee? All the quotes i got from a broker require USD deposit to...

Forum: Traders Hideout

June 27th, 2016, 05:52 PM

Replies: 44

:$ :$ :$ REALLY DUMB FUTURE question

Views: 10,837

Posted By noobforlyfe

Damn, that was my second guess on the leverage. I...

Damn, that was my second guess on the leverage. I thought it would be a 1:5 ratio since I was basing it off of the current market price (~$2000). Thanks for the clarification, I appreciate it :):):)

Forum: Traders Hideout

June 27th, 2016, 04:28 PM

Replies: 44

:$ :$ :$ REALLY DUMB FUTURE question

Views: 10,837

Posted By noobforlyfe

I've read options are far far far more difficult...

I've read options are far far far more difficult especially for someone like me who barely knows a thing or 2. You have to look out for many factors and so forth, and sooooooooooooooooooooooooooooo...

Forum: Traders Hideout

June 27th, 2016, 04:22 PM

Replies: 44

:$ :$ :$ REALLY DUMB FUTURE question

Views: 10,837

Posted By noobforlyfe

Yeah, I would have to use a broker that accepts...

Yeah, I would have to use a broker that accepts canadian clients or a canadian broker if there are any tbh. Most websites that sell their "trading course" (a big rip off but that's a whole new topic...

Forum: Traders Hideout

June 27th, 2016, 04:13 PM

Replies: 44

:$ :$ :$ REALLY DUMB FUTURE question

Views: 10,837

Posted By noobforlyfe

Hmm, alright sounds good. I plan to invest...

Hmm, alright sounds good. I plan to invest $700-800 if the minimum requirement is $400.But just wanted to iron out the details, now still one more thing left to understand, which is taxations.
...

Forum: Traders Hideout

June 27th, 2016, 04:04 PM

Replies: 44

:$ :$ :$ REALLY DUMB FUTURE question

Views: 10,837

Posted By noobforlyfe

Hello, Oh for sure, I am practicing on SIM...

Hello,

Oh for sure, I am practicing on SIM trading as I type, and I do not even intend to trade a single penny for 6-8 months. But thank you for the suggestion, I honestly appreciate it :) thanks...

Forum: Traders Hideout

June 27th, 2016, 03:53 PM

Replies: 44

:$ :$ :$ REALLY DUMB FUTURE question

Views: 10,837

Posted By noobforlyfe

So if someone lets me open an account for $400....

So if someone lets me open an account for $400. Clearly there is a leverage of 1:5 roughly (given the current ES quote).
and so if I wanted to buy 2 contracts, I would need $800 in my trading...

Forum: Traders Hideout

June 27th, 2016, 03:21 PM

Replies: 44

:$ :$ :$ REALLY DUMB FUTURE question

Views: 10,837

Posted By noobforlyfe

Hey so then, what is the actual price you buy the...

Hey so then, what is the actual price you buy the contract at then? Since you said you don't need 2000$ to buy one contract if the ES is trading at 2000$

Sorry for my extreme lack of knowledge, I...

Forum: Traders Hideout

June 27th, 2016, 03:09 PM

Replies: 44

:$ :$ :$ REALLY DUMB FUTURE question

Views: 10,837

Posted By noobforlyfe

Hey that was really helpful,so then ultimately...

Hey that was really helpful,so then ultimately lets say you make an entry and exit with a profit of $100 (which is 2 points), Would the broker deposit $100 at the end of the day - the broker...

Forum: Traders Hideout

June 27th, 2016, 02:42 PM

Replies: 44

:$ :$ :$ REALLY DUMB FUTURE question

Views: 10,837

Posted By noobforlyfe

Hey thanks for replying, if you don't mind me...

Hey thanks for replying, if you don't mind me asking. Why is that? I mean if you have money to fully buy 1 contract, why do you still have to trade with margin? Just doesn't make sense logically when...

Forum: Traders Hideout

June 27th, 2016, 02:20 PM

Replies: 44

:$ :$ :$ REALLY DUMB FUTURE question

Views: 10,837

Posted By noobforlyfe

For sure, but first i want to understand how much...

For sure, but first i want to understand how much money i need to even open up an account without having to borrow a single penny. Then I would have to decide.

Forum: Traders Hideout

June 27th, 2016, 02:12 PM

Replies: 44

:$ :$ :$ REALLY DUMB FUTURE question

Views: 10,837

Posted By noobforlyfe

:$ :$ :$ REALLY DUMB FUTURE question

Hi,

My name is John, I am EXTREMELY new to this trading futures market as I have been drawn in by the potential to make money if done right and properly.

One thing I don't clearly understand is...

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