If you're already a successful day trader of stocks....... futures day trading may be another avenue for you. If not... I'm very fearful that you will have some very costly lessons ahead of you.
I've been in and out of trading futures for years. Up and down, give and take, lots of time and trouble for pennies when you're trading dollars.
There's an old saying...how do you make a small fortune trading futures? Start with a large one.
Trading "can" be profitable if you follow the trend and forget about what you think you know about where the market is heading.
Day trading though? Crap shoot. You'd have more fun at a casino. The futures markets if for pros. They know how to lead you in, then leave you dangling like a participle.
Good luck with whatever you decide.
The secret word of trading success is "organized". You can't be successful without a strategy, a plan and some kind of technological support. I use a software called "autobinary signals" that is helping me a lot. There are plenty of them on the market. I recommend this one because it's very easy to use (you don't have to be an expert or have special skills to make money with it).
Check it out here. It's worth it: http://www.goobypls.com/r/rd.asp?gid=551
If a person has no knowldge and skills about Forex then it will be very difficult to trade in Forex. But if you use the right software you can make very good profit. The best software is called "autobinary signal". If you aren't a big expert this software is the only way to earn good money in Forex.
Don't do it. Real futures trading requires tons of capital (I had trouble at $20M that went away at about $50M). All that will happen is that like every other small futures trader you will just give me your money and then walk away.
Don't. If you don't spot that Black Swan you will be in trouble.
I have been trading futures with fake money using Think or Swim TD Ameritrade, and I was just wondering, would it be possible to day trade futures? Because I know the risks involved, but I can make trades usually profitable, ranging from $200-300 profit in a matter of a few minutes.
Does anyone have advice on trading futures?