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Futures trading for newbs

Discussion in 'Futures Trading' started by Timbo, Jan 15, 2017.

  1. Timbo

    Timbo Active Member

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    New to trading and this site. I would like to start trading futures simply because I want to be able to trade at night after work.. Any input would be appreciated, haven't selected a broker yet, but would like 1 account that I could do everything in, such as stocks, options and futures.. Ideas, comments????
     
    OldFart likes this.
  2. Timbo

    Timbo Active Member

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    Got the account open and funded but just watch in for now
     
    OldFart likes this.
  3. michaelbronislav

    michaelbronislav New Member

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    what are you planning to trade?
     
  4. Epicram

    Epicram Member

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    Glad to have this thread for newbies to lean the trading.
     
  5. Timbo

    Timbo Active Member

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    Actually havent made the first trade yet, spend a ton of time at work and don't have the energy when I get home. Had the MINI DOW in mind but this account is back burner for now.
     
  6. OldFart

    OldFart Well-Known Member

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    /ES
    Is what most people trade
    S&P mini
     
  7. OldFart

    OldFart Well-Known Member

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    caught 23 ticks so far this morning on /ES
     
  8. ifmc institute

    ifmc institute New Member

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    I am a newbie to trading and want to learn trading. I wan't to know from where to start trading.
     
    #8 ifmc institute, Jan 10, 2019
    Last edited: Jan 10, 2019
    OldFart likes this.
  9. OldFart

    OldFart Well-Known Member

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    Good news for smaller accounts, or someone who wants some real money practice without breaking the bank!

    Micro E-mini futures
    fit seamlessly within our current product suite and give all traders a simple way to access the equity index futures markets. At 1/10th the size of a classic E-mini contract, Micro E-minis require less cash to enter the market with lower margins.

    https://www.cmegroup.com/cme-group-futures-exchange/micro-futures.html

    margin.png
     
    #9 OldFart, May 13, 2019
    Last edited: May 13, 2019
    Jrich likes this.
  10. OldFart

    OldFart Well-Known Member

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    What's interesting about the micro's is the DOW.
    It's 50 cents per every dollar move.
    Let's say you had $2000 in your account, and you caught the whole 500 point move this morning.
    That $2000 allows you to trade 3 contracts.
    So, 500 point move, divided by 2 (50 cents per every dollar move ) , times 3 contracts = $750 profit
    Not bad

    tick_value.png
     

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