Startup help

L

lemarre

Hi everyone. I'm completely new to trading and would like to have a go at scalping s&p 500 mini futures. Is this possible from Australia? Is there a more suitable future I could scalp? There are so many choices when it comes to brokers and platforms. What broker and platform would be the best fit for a noob?
I have a couple of grand to put in the trading account and would like to make 2 to 3 hundred a day. Thanks to all who respond.
 
Wow, someone wants to become the richest person in the world, making 10% per day.

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lemarre said:
I have a couple of grand to put in the trading account and would like to make 2 to 3 hundred a day. Thanks to all who respond.
More...

If you compounded $2,000 at 10% per day for one year (252 trading days), you would have about $53,949,404,535,516 and be the richest person ever.
 
How can you not want to be rich when you want to make more money than anyone in the world?
Or are you really so bad at math?

If you could make $200 per day on $2K then the following day you'd have $2200 and would make $220, then on the 3rd day you'd have $2420 and make $242, etc.
Or even if not you, then everyone else would be doing this.
After only 1 year any such person would have more money than exists in the world...
(not sure whether this calculation includes weekends, but still)
https://www.thecalculatorsite.com/finance/calculators/compoundinterestcalculator.php
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Have had a hard time with employment in Victoria since Andrews stage 4 lock downs and would be happy just to make a basic wage for now.
 
guru said:
How can you not want to be rich when you want to make more money than anyone in the world?
Or are you really so bad at math?

If you could make $200 per day on $2K then the following day you'd have $2200 and would make $220, then on the 3rd day you'd have $2420 and make $242, etc.
Or even if not you, then everyone else would be doing this.
After only 1 year any such person would have more money than exists in the world...

https://www.thecalculatorsite.com/finance/calculators/compoundinterestcalculator.php
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From what I've seen so far traders can make a couple of hundred if trading 3 or 4 contracts and trading only to a 1 point rise.
 
lemarre said:
From what I've seen so far traders can make a couple of hundred if trading 3 or 4 contracts and trading only to a 1 point rise.
More...

Are you really that naive, even after seeing the above?

Most people in the world, including traders, would love to make 10% in a year, so $200 on $2000 per year. Some traders do make more and even 100% per year may be possible, but usually no one believes them... So if you can make $200 per month ($10 per day) you not only must be extremely experienced but also risk being laughed at by everyone who won't believe you. Except for naive guys who think they can make $200/day on $2K investment...
 
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