An HONEST opinion... should i trade futures?

Quote from cashmoney69:

do you know of any future brokers that offer charts with the platform?
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I like Open ECry's package Cash. Once you are trading with real money, the charting and platform is free. Normally free means trash to me, but their stuff is nice. I believe they charge for the simulator after the normal 2 week demo though. You can always ask for an extension of your demo time as well.
 
Quote from austinp:

<i>"... if you don't understand what that leverage is all about."</i>

Leverage is having a case of beer in your refrigerator, and having the self-control to drink one at dinner instead of all 24 in one hour.

Leverage is having $30k in an account with ability to trade 60 contracts on daytrade margin, but only trading one contract at a time for a long, long time.

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Futures contracts have as little or as much leverage as your self-control dictates. They are no more or less "dangerous" than stocks, cash or margin. We each decide how much money to risk on each trade, and that's the reality of leverage.
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Well said Austin. That's basically what I was hinting at, but didn't articulate as well as you. :D

Unfortunately with the margins and leverage available, too many people would see a $30k entry as a way to trade 60 contracts and become a millionaire in a matter of days...
 
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