What's the best futures for a beginner to trade?

Quote from oldtime:

ok, I started with 60k, and traded crude, now I only have 4k left, I will give you 2k if you teach me how to trade
More...
not only that, I just got a job at goldman sachs, they gave me a 500 million account. I will glady give you 250 million if you teach me how to trade. They said that would be cool.
 
at anyrate, notice how these dumbasses that start these threads, never ever reply again? oh well, they get us going.

I know nothing about advanced trading

but I know everything about beginning trading
 
Quote from profitloss999:

60k is a lot to begin with to trade crude oil or any other futures.

(depending on how you interpret my sentence, you will reach a number of conclusions:

1. you will lose way too much than necessary.

2. you don't need 60k to trade futures and make money.)

I will teach you how to trade, but you have to give half of your account to me as tuition. I am serious.

Think about my offer. It's a good deal. In one year's time, you will realize it: It's a damn good deal.
More...

There is a lot of truth in your post. I will teach him to trade and I will only charge him 1/2 of his account -$1 so I am giving him a better deal! :D
 
Quote from oldtime:

at anyrate, notice how these dumbasses that start these threads, never ever reply again? oh well, they get us going.

I know nothing about advanced trading

but I know everything about beginning trading
More...


maybe there is no advanced trading.
 
Quote from rt454:

There is a lot of truth in your post. I will teach him to trade and I will only charge him 1/2 of his account -$1 so I am giving him a better deal! :D
More...

You just lowered the asking price and narrowed the spread, or/and possibly lowered the his bidding price (if he has one). :D

ok, my new offer: 30k minus $2.
 
Quote from bat1:

Hello,

I'm tired of stocks I'm really starting to hate them

However Futures seem to be very exciting :)

So, I'm asking where do I start?

what would be the best to start with oil? gains? e-mini 500?

What firm do I use?

What's the best web site to learn from?

Trading futures is a 24/7 operation?

What about Tax time how do you report them? is there a wash rule with futures also?


I only got 60k to begin with..

Maybe somebody can put me under there wing and get me going
and down the road I will reward them..

FYI.. I'm 52, military retiree ....

Thank you:cool:
More...

There is just so much wrong with this. First, if trading is exciting, you're either doing it wrong, risking too much or have a need to punish yourself. You can have a passion for the markets, but once you start looking to trading for excitement, the end is not far away.

All your questions could be answered by a couple of hours of basic research. Why would you take the opinions of total strangers instead? Whatever.

I would suggest doing extensive backtesting on several markets. Trade the one you do best with. Or paper trade. One contract only until you are making consistent money. I repeat, one contract only.

Whatever market you trade, you need to be aware of the major data releases. They can leave a painful mark.

Many here use IB. It is not for people who need handholding. Their customer service is a little different from what you will get at Fidelity or Schwab. You shouldn't be trading futures if you need handholding however.

Tax reporting is one of the advantages of futures. The broker gives you a 1099 with a profit or loss number and that is all youhave to report to the IRS. Futures also qualify for 60/40 tax treatment.

No one is going to teach you how to trade or take you under their wing. You can pay people who will pretend to, but if they were any good, would they be teaching?

There are important fundamentals anyone can tell you however. Understand what your time frame is. Trade in the direction of the trend from the next higher time frame. Cut losses quickly and let profits run. Understand the key levels.

I would take your 60k stake and divide it in half. Put half in a bank account or somewhere you cannot access it for trading. If (when) you lose the other half, you can then make a decision if you want to continue.
 
I'll cut you a deal on your tuition , I only need 25k it's a one time deal just because your such a great guy. :cool: :p :D The vultures have arrived.
 
Quote from Zr1Trader:

I'll cut you a deal on your tuition , I only need 25k it's a one time deal just because your such a great guy. :cool: :p :D The vultures have arrived.
More...

It seems a price war has started. OP - my offer is 22k - pay me in cash on day 1. :)
 
Quote from bat1:

Hello,

I'm tired of stocks I'm really starting to hate them

However Futures seem to be very exciting :)

So, I'm asking where do I start?

what would be the best to start with oil? gains? e-mini 500?

What firm do I use?

What's the best web site to learn from?

Trading futures is a 24/7 operation?

What about Tax time how do you report them? is there a wash rule with futures also?


I only got 60k to begin with..

Maybe somebody can put me under there wing and get me going
and down the road I will reward them..

FYI.. I'm 52, military retiree ....

Thank you:cool:
More...



subscribe any educational/system vendors and go thru the cycle


35d6xhy.jpg







$60K is consider small trader



More than 90% of small traders lose! They just lose!



http://www.bloomberg.com/news/2012-...-seen-profiting-at-small-firm-expense-1-.html


2sanifm.jpg
 
You must log in or register to reply here.
Back
Top