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I swing trade futures long/short holding for days/weeks/months - up to 8 different contracts at any given time. First of all you need a solid risk mgmt plan for swing trading futures - I never risk more than 1% of capital on any trade or have more than that exposed in the over night market on...

Ooops... I had posted the wrong link. This is the correct link for the program that interfaces most brokers and uploads your trades, than does all the calculations - including wash, and puts in a format that you submit with your Sch D. It costs $29 and never expires - I have used it for years...

Here is a program that works with most brokers, maybe you can ask them about it, it uploads your trades and calculates the trades including wash sales and puts it in a format that you can submit with your schedule D. It works well. You pay $29 for the program - it never expires...

Here are the real-time quotes for domestic & global futures stock indexes - it is accurate and free. Look for the symbol 'DAX'. https://www.investing.com/indices/indices-futures

How will we know if Trump gets dementia?

I would not believe any profit claims unless they are providing at least 5 years of tax returns audited by a national firm. Most pro traders have a trade win rate of 40-50% on average and only the best of the best, a handful, have a long term ROR >40%. Now just try asking them for their tax...

I will trade some of the 'exotics' at times provided they have decent trade activity and reasonable spreads - some have tight spreads - some are horrible. Do know the avg spread over the time period you plan to trade (see Oanda link). The real risk on the exotics is if the counter party fails...

You don't need TTS or have to be a S-Corp to setup a self directed IRA. Some futures brokers recommend using Midland for this - check with your broker. https://www.midlandira.com/ Any Roth IRA traders out there? I pay $0 in taxes on all the profits . I have it built up so that it's to big to...

Check out this video - this should shed some light on this issue. Forward to 7:29 mins

For more clarification: buy low & sell at a higher price .... reverse for shorting.

The market is a ball think like about the price moving - or was that be random and repeat? or was that that be the market or feel the market?, look at the bond and Forex and the MFE whatever that is and do what?, When 2 ticks or 4 or get out at 8 but take 4 to get 1 or was that 2 to get 4? -...

You can learn to trade in a few years sure, but when you look back at say the 10 year mark you will find that what you thought you knew a few years into was not so much after all. I don't see trading as an 'art' but as a skill where instincts at some point develop that take this skill to a...

Shadetree - wrong you are you are. I never got audited in an era when tons of traders got put out of business by the IRS trying to save a few measly dollars. My tax guy was a former IRS auditor and told me what they would be looking for - like daily records accounting for every hour of my day...

That plan really bombed out. Why would he target such a nice store?

Lets not forget the 3rd largest economy in the world - illegal drugs. If you factored in the estimated 50+ billion money flowing in from the U.S. that chart may look a bit different.

I remember what a ghost town SV was after the dot-com bust - in that time is was unimaginable thinking it would bounce back with so many vacant buildings.

Your trading 8 contracts and want a free platform? Expect a sub rate data feed and a limited platform & support. Full on traders typically dish out $50-$200 monthly to get a high performance platform. If I was starting from scratch I may check out the guys here providing services.

Most pro futures traders, at least the few I now and from what I had read about, that are swing traders rarely if ever go over 20% of their capital is in the market at any given time. This is trading futures & forex. Any higher and risk mgmt goes out the window.

Try looking at this write up on the micro structure.

The advantage of Forex is you can trade any size you want. Provided the person has a good Forex broker they should be better off with Forex because of this. I trade futures as well. I like the added variety on the spot Fx and the greater liquidity - it also gives access to more currencies.