Are emini index futures better to daytrade than forex?

M

metsfan33

I have roughly 8k to open my account with and i am interested in day trading either mini futures or mini forex. I just can't decide which way to go and wanted some input from you guys if you don't mind. The mini futures i'm looking at are oil,corn,wheat, and index vs eur/us forex

THanks
 
metsfan33 said:
----8k to open my account....
----day trading either mini futures or mini forex.
----oil, corn, wheat, and index vs eur/us forex
More...
1) If you feel a burning compulsion to trade, do the index futures. Liquidity will be better. :cool:
2) Avoid all of those other contracts completely. :eek:
 
metsfan33 said:
I have roughly 8k to open my account with and i am interested in day trading either mini futures or mini forex. I just can't decide which way to go and wanted some input from you guys if you don't mind. The mini futures i'm looking at are oil,corn,wheat, and index vs eur/us forex

THanks
More...

Open an account at Oanda (do a search here and Google for their rep) and trade spot fx. Start small and work your way up. 8k for futures trading will go fast.
 
metsfan33 said:
I have roughly 8k to open my account with and i am interested in day trading either mini futures or mini forex. I just can't decide which way to go and wanted some input from you guys if you don't mind. The mini futures i'm looking at are oil,corn,wheat, and index vs eur/us forex

THanks
More...


Easy solution - backtest and simulate trade your trade strategy on those trading instruments and then let the statistics of the trade results tell you which trading instruments you should begin real money trading.

Just be aware that most profitable traders are not just trading one trading instrument whereas most newbie traders tend to concentrate on one trading instrument until a light bulb goes off in their heads.

In addition, your personal life will also have an impact on what you can trade or can not trade (e.g. time zone differences).
 
Both can be profitable instruments.

Stay away from any forex broker who does not charge you commission, because they are charging you a lot. IB has 1/2 pip spreads on major currencies, and reasonable commission, cost.

IMHO, Forex is more dangerous than index futures. Currencies often move 50-100 pips in seconds around news announcements... and these announcements will often not be in your time zone. Get a good forex clock and stay out during news events.

Depending on how you like to trade both offer plenty of opportunities.
 
JamesL said:
Open an account at Oanda (do a search here and Google for their rep) and trade spot fx. Start small and work your way up. 8k for futures trading will go fast.
More...
do not open account with bucketshop,in Canada where I live alberta Investment Industry Regulatory Organization of Canada (IIROC) prohibits all those outfits for a good reason they trade against you,when I had account with them they will spyke your trade like 1000pips to get a margin call,finaly they just closed my account without ay warning and a had an open trades
 
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