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????
     
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  2. Timbo

    Timbo Active Member

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    Got the account open and funded but just watch in for now
     
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  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
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  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
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  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
     
  11. Mark22

    Mark22 Member

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    it is important that you know well
    Futures in trading are a financial product whose value is based on another asset, which is called an underlying asset. They have their origin in the already known "term contracts."
    Futures are trading operations, which consist of a contract or agreement between two parties with the support of a third party.
     
  12. Akwin

    Akwin Member

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    how much money do I need to trade futures?
     
  13. TH Analysis

    TH Analysis Member

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  14. TH Analysis

    TH Analysis Member

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    why not come up with your own strategy? test it out on a demo futures account and then start trading micro's?

    Strategies fall under - Trend Following or Mean Regression

    If you buy a breakout, you're basically looking for a higher time frame trend to continue.
    If you buy the breakout and it fails, you can revert back to the mean.

    At least with futures, you get to see where volume lays, where the majority of business was done on any given day, and therefore where traders will be moving towards or away from. The concept of support and resistance is based on more buyers or sellers at different levels on your charts, which is what the volume profile gives you.

    I prefer breaking my day down into what is the Initial Balance, where is the price in relation to that. What volume target is nearby? If I am above the Initial Balance that is bullish. If it trades back inside, I have the halfway back level to watch out for or trade into.
     

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