Best time to trade futures reddit. Again, depends on the broker.
Best time to trade futures reddit It is often best known for its trader workstation, API's, and low margins. Posted 22 nd May 2024. 25 to sharpen reflexes. IF you also use options then the choices significantly decrease. Here are our picks for the best futures trading platforms, their pros and cons, and what you Welcome to FXGears. I was thinking of trading US100 in forex, or is there a broker specifically in Canada that allows you to trade futures with low margin. I have heard that 15 minutes is the most common for day trading but am not sure and feel like 5 minutes might be better. With that being said, what is the best market to trade in? The two main ones I have heard to trade with small capital are the commodity futures market and the forex market. Fantastic book. In that time, I . if there's high probability for a bigger move (15 min trend Hey I want to trade futures but don't have a whole lot of money, that said Im willing to lose at least 2000-3000 to play with futures. My other contractor friends who live abroad tell me about the 330 day rule (USA citizen). Daytrading futures Scalping is entering the trade with the intention to exit relatively quickly and profiting off the price difference, either as a short or a long trade. Commodity Futures Trading Commission said. If the ES margin is too large, then you might want to consider using ES futures options as a substitute. Or check it out in the app stores commodities, etc. Daily seems to be easiest time frame to begin on for most and if your average trade at that level is $100, for example, then whether you pay $2 or $4 in commission doesn't make as much of a difference as if you were to scalp for a few ticks and your average trade might only be $10. Download Sierra chart and pay for the data package from cme and sim trade a style your interested in until you can put up whatever numbers your focused on. I just crossed + $375,000 in profits after 18 months of full time day trading. You are trading live using Ninja Trader with live market data. but I like to watch the 15 min and 1 hour side by side to find the best price levels to trade off of and best time to trade and then use the 1min for the actual entry and move. Long time futures swing trader here (over 37 years). It boils down to the executive of the company and boards decisions and how the cash is Reddit iOS Reddit Android Reddit Premium About Reddit Advertise Blog Careers Press. So, when trading the /MES, youre automatically 4 ticks ($1. We'll show you when the market is busiest and In this article, we share with you the best times to trade futures. best depends on what your goals are imo. Starter books: Best Loser Wins, Wykoff Method, Wykoff 2. , 2001] What Is The Best Time To Trade Stocks? Generally speaking, the best times to trade stocks are the first two hours after the market opens and the last hour before it closes. I'm finding that I have my best successes/most consistent profitability when the volume kicks in, around 6:30 am PST. It really depends on your trading style and preferences. Imo trading view is the best for paper trading. You’ll have to make a Coinbase account, buy USDT on Coinbase as your on ramp and then send it over to KuCoin and you can trade the crypto futures with the USDT that you sent over. Envisioning putting up a live screen showing actual trades in live accounts real-time. I have been day trading Futures for over 5 years, I think its a great way to learn and make a living. Yes you can, personally you can trade 5 hour chart quite easily (NASDAQ 100 E-mini). r/FuturesTrading is a place to discuss futures, commodities, etc. 66 DR NFA 0. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! ---- We also have one of the largest forex chatrooms online! ---- /r/Forex is the official subreddit of FXGears. But one may have his personal choice better option would be go to sleep 2 hours earlier and wake up 2 hours earlier and trade early morning. I'm also fairly new (been learning for about 8 months). I've seen some posts here and there about trading the Nikkei 225 futures, and I'm interested because I but don't have the proper time to trade any CME contracts at the moment. 2/ Dxy sometimes has opposite move to gold but its by no means a trade signal as often they will move in the same direction. I find taking my first trade when the market slows down 90 minutes after open at 11:00 AM New York time it’s easier for me to follow trends and trade ranges. But I'll still use it for bigher time-frame analysis. The futures market starts at Sunday 6pm ET. I am thinking about making the switch, but TDA gave me . Paper trade until you are consistently profitable for a few months and start with a couple thousand, but once real money is involved it's a lot harder to trade in my experience. 2. They have a great mobile and desktop platform, and they execute trades at a level on par with Interactive Brokers. e instantaneous trade closures, no lag or latency. View community ranking In the Top 1% of largest communities on Reddit. However I would highly recommend sim trading first before you ever try real money. You can also trade micros as well. Trading futures is great for a long term plan an scalability as well. If your goal is to trade futures, I would spend time to understand the mechanics and the behaviors of it. Trading 10-20 Micros instead feels better, I trade the same strategy with the same risk, but I feel so much more relaxed not being exposed to 50% of my trades risk just by placing the first entry. 0. Best Interest Disclosure If you're new to trading futures, don't floor the accelerator. Since doing this, my trading has been completely different. The best hours for trading futures is between 9 :00 AM to 11:30 AM and also the last hours before the market closes . The entire deck is set, we have a picture of overnight, the lay of stop land, and where traders want to position for tm based on todays info. This is all easier said than done, but it’s a great way to have less risk than just slapping on something because lines on a chart told you so. I didn’t give up tho and having a full time remote job I figured I’d keep trying. It reduces a lot of the stress because you have a garanteed maximum loss and if you're right you get more profit due to leverage. Share futures trading insight, tips, and your trades! Members Online What Trading Platform Do You Prefer/Think Is the Best for US Retail? Quantity wise, TOS will probably let you trade half 1. If it is a breakout setup, a percentage of average true range would be appropriate, but which time frame depends on your risk reward tolerance. Green and gone as they say. If at all possible I’d look into trading the US opening or closing hour if you want more than 1 point at a time. Trading view has paper trading, you can do it right from the charts, you can even set fee costs etc. I am moving to futures after trading forex. you can trade 1 micro es (s&p) with a minimum of only 50, of course if you go below 50 you cant trade anymore so 500 is enough to try. There are platforms that allow you to trades futures and spot on the same screen. Key futures markets include stock indexes, energy, currencies Start with swing trading firstYour going against computers that can spit out trade probabilities 10,000 per second, and the best retail traders that all the best tools and equipment. Swing Trading is an investment strategy generally characterized by a short time horizon, emphasis on stock momentum, and monitoring both an underlying's fundamentals and technical analysis. Trading on this time frame helps give more time to analyze the market and not feel so rushed. Agree, Its best to look at whatever time frame you are trading on, take an average volume per bar and divide it by average range size+1 (in ticks) to get average volume per price per bar. 50 per tick. In futures, the term "overnight" typically refers to the gap between futures close, for regular trading hours (5PM EST) and futures open, for "electronic" (night time or more commonly known as Globex) trading hours (6 PM EST). Comments welcome on styles of ES day trading (swing, trend, scalp, etc). 10 DR CQG TRF 0. Hi there - when trading Futures on Treasuries, you don't own the treasury outright. com, a trading forum run by professional traders. Once you get over the learning curve and understand the setups and how to look for them you'll have a pretty high win rate. It boils down to the executive of the company and boards decisions and how the cash is Most people in the US trade on Tradovate or amp or ninja trader for futures and most trade the ES or NQ. For context, it's like a 5 year old asking you the best time to drive outside. Simple and easy. Hey u/Adorable_Ear1911, we understand your concern and frustration about not being able to trade futures despite meeting several requirements. The best time to trade is when you have a good strategy that can make you possible returns because in the end, if your strategy is good, then you can make profits at any time you trade. Eligibility to trade futures on Coinbase is determined by a variety of factors, including regulatory TD Ameritrade has the worst platform and highest fees for trading FUTURES. ZN/ZB and bond futures are dominated by institutional traders. 25 futures transaction fee. Not sure if you can adjust leverage but you can set the amount of capital you want as well. Here are seven strategies to help you improve your futures trading knowledge. It operates the largest electronic trading platform in the U. My feed on reddit has been full of people wanting to start trading, and people wanting to trade options and futures. I use to trade all the indices, but after mentorship I was steered more toward higher time frames and oil and bonds. I definitely was not profitable for a while. I would like to start playing a contract or two in futures to see if I can make consistent profitable trades in the overnight sessions for ES, as the overnight trend seems a hell of a lot easier to follow than the day time trends. Trading futures from Australia can be a challenge due to the time zone difference. You’ll find your edge and use it. One guy I really like is Futures Day Trading. What would you recommend as a good product for a beginner to start with? I want to start trading with micros only as I learn the ropes. , 2005] Powers, Mark - Starting out in Futures Trading [6th Ed. I decided to trade the ES futures mainly because I don’t have time to watch a bunch of stocks. Actually I sell Futures Options credit spreads. by number of daily average revenue trades. So it really just depends on the trade setup you are trading. The tools available range from extremely flexible professional tools to slot machines. (Yes, we all know you can trade futures nearly around the clock. I dont trade it now as I only really trade ES but best hours are ny session for gold IMO. Many only trade the first 30 minutes and some stop 90 minutes after open when the volume slows down at 11:00. MEXC Global was the first of its kind to introduce this breakthrough for futures trading. I learn how to control my emotions, trade I'm also in PST and start at 5am. If you are trading equity index futures, you will already know that futures open for trade every Sunday at 6 PM, EST. That way I can trade both sides of the market at the same time (of course that can be done in stocks and ETFs also. Additionally, futures contracts don't "mature" like the actual Treasuries --- they stay at 10 years -- for the 10 year future contracts. The FCM will vet you and collect the funds (margin) that is required to trade futures contracts. Of course, I'm not scalping, but swing trading on multiple time Yes, I do use Futures AND Options in my trading. Yes, it took NDX getting past 13950 to reach PT, (where an NQ position with equal contract count would have PTed at 13900) but I like that I have more time to react to adverse PX if needed. I spoke with one of the head traders at a firm yesterday and he told me he recommends that I don't trade the first hour of the trading day. 1 dollar move gives around 80 cents. I buy 3 ITM contracts with 0. r/Daytrading. This is the best metric of liquidity in my mind. For intraday trading, some traders like shorter timeframes, like 5 or 15-minute charts, while others prefer longer timeframes like hourly or daily charts for swing trading. It depends on your awareness. Using the /ES (E-mini S&P 500) options. Now, looking at TradingView, I pay monthly, about $20 for real-time CME data, but I'm wondering if this can go lower. iron beam has a no deposit minimum i believe so you can simply fund enough to cover data feed and use their platform or Quantower ( most supply Quantower free). With 1 or 2 other fees for commission youre looking at ~$5 of fees per roundtrip (slightly less in reality). I'm addicted and want to continue at night, but it's just not possible. To trade the micros you’ll probably need a minimum of $500 or paper trade. Understand why traders only trade during high volume times of day to maximize profits. Whether you’re a futures trader or an options aficionado, r/SwingTrading caters to traders of all stripes, offering a platform to dissect market trends, explore high-potential trading I would recommend his twitter, youtube, and his latest book. The t may be options, stocks, bonds or futures. The ES is not easy, don’t let anyone tell you it is. The best time of day to trade is the time you can be most consistently looking at the charts. I trade on ToS with TD which has a $2. Panther's computer algorithms placed and quickly canceled bids and offers in futures contracts including oil, metals, interest rates and foreign currencies, the U. If you are a newbie AND a retail trader, you are like a small fry being fed to big A prop firm gives you an imaginary 25k, 50k, 100k (all the way up to 300k) trading account. Buy at 10:30, hold, sell at noon. I've found that you tend to get a resounding negative feedback loop looking up the prospect of trading futures online (obviously The best time of day to trade is the time you can be most consistently looking at the charts. You have your micros to trade when volatility is higher, reducing your risk a bit. To get more information about futures trading platforms and explore other options, I recommend visiting the Oz Studies blog. If playing with 'curiosity trades' then go SIM or trade with a single micro for instance. Minimum to trade MES is $50 value in your account, you don't have enough money to trade futures. Some brokers let you trade micros intraday for as little as $50. Also depends on if you're trading intraday or swing trading. All to say, it depends on your strategy. that initial requirement margin is if you trade overnight sessions. But I am wondering if anyone has successful transitioned from working full time to trading full time. Any good books to read about trading in general or about futures trading that I can get at Barnes & Noble? Literally the best advice you will ever get on futures trading is to give Mack’s content a very serious look. It is not cheap, but I understand, he spent a lot of time and money to make it. You will also get notified of events to boost your finances. While a discount broker like AmpFutures would let you trade 28x more during regular, but both might have the same amount during outside regular trading hours, so don't go switching brokers based on this alone. Also ideally with API I’ve decided that I would like to dip my toe into futures trading. Most people in the US trade on Tradovate or amp or ninja trader for futures and most trade the ES or NQ. Hey, i have noticed that more than 34% of my losing trades are after 12:30PM EST. This was conflicting to what I've been told before where most people I've spoken to said the first hour of the day is the only time worth trading, although this was when I was trading stocks and not futures. but there's no hard and fast rule, do whatever Just wanted to clarify an important piece here. The best hours to trade stocks in the US session are between 9:30am to 11:30am. A couple of reasonably sized losses and your account is blown. Just make sure you are trading E-mini S&P 500 micros, not regular E-minis, which are $50 per point and $12. These deeply liquid futures provide efficient tools for potentially enhancing income, hedging interest-rate risk, spread trading, speculating on interest rates and adjusting portfolio Here are seven tips for how to proceed. It doesn't have ticks. Does anyone trade futures mainly on Sunday evenings? No time to trade futures on weekdays due to work. Best & worst times for Trading London + New York Session . (Specifically the e-mini But I'm gonna try futures trading again in May probably, gave it a shot last year with micros and didn't like it, gonna trade minis this time, been paper trading minis and I like the P&L swing + commission to profits ratio a lot better for minis, feels more like how I trade options, as I never buy way OTM contracts with a delta of only like . And has multiple comments talking about how futures trading is "basically" gambling now. I just wanna know that what is the most common time frame for day traders and swing traders. Someone else recommend DayTraderNextDoor on youtube. They are usually going for risk free trades which is why you see so many of those gaps, where open and close prices are disconnected on low time frames. Cheap with super low margin requirements like tradovate, seem great for newbies but in reality there is a reason more professional facing tools don't allow those kind of margins. Forex is I don't trade micros but should be the same if you're trading higher volume but if you're trading higher volume, may be best to trade minis. But so are many other markets. Be very careful will paper Welcome to FXGears. If you are trade on a short term basis, the extra tick you make/save from working a bid vs hitting buy market adds up over time. Share futures trading insight, tips, and your trades! I do because it's the only time I 17 votes, 22 comments. So it'd be a win-win If I decide on cutting them out. I know ppl that I trade with every day - pulling > 200 ES points every day for the last year. From my analysis, it seem the best time to buy is 10:30 and the best time to sell is 12:00, give or take 15 min each. This is the time period between when US markets open and when European markets close. If you make 100k , I know you have to wait before withdrawing large amounts bit that'd be a large payout once you got there. Again, depends on the broker. You could probably work up to 50 or 100 lots trading the ES before you start to see some minor slippage. Very rarely take a binary options trade unless low IV and theta on a higher priced equity that I want to swing without tying up much capital. Share your journey! Thanks in Retail CFD price can vary from the real underlaying asset or index, try watching the real-time data of US100/NAS100 CFD vs CME's NQ for instance and you'll see that the CFD contract can sometime move when there is absolutely no order hitting the real market (CME's NQ), it shows that the retail CFD broker has a plugin that moves the price to simulate (fake) market activity. After looking into this today, Tradingview isn't the best for futures charts trading. Currently, I'm only in the position to be able to trade with ~1000$. Trading Technologies (I work for them) lets you trade and even automatically spread between bitcoin cash and bitcoin futures. stock market, this is from 9:30 AM to 11:30 AM and from 3:00 PM to 4:00 PM Easter Trading futures successfully is all about timing. It's great that you've been learning and forward-testing on the ES futures. Crypto futures are quite fun and good practice while the other markets are closed. The best ways to analyze a chart (in my opinion) include the methods : -Price action (support, resistance , trendlines and retracements) -Footprint charts -Volume profile -volume delta Question in title — I’ve never traded futures before but have made decent money trading options in the past. Does the skills of trading futures on paper carry over to trading with real money? I completely agree with you, futures are probably the best product for intraday trading. I just started, still paper trading. i recommend putting up a long time frame chart and short time frame chart next to each other. In doing so, it seems as though you have the best statistical possibility to earn the highest margin with the lowest risk. Bigger moves are much harder to catch when US is closed, my 5/10 point targets could take all night to play out. Maybe you find it unpredictable, too slow, etc. Another long and repetitive book but still good was Trading in the Zone by Mark Douglas which I am certain you are aware of. Share futures trading insight, tips, and your trades! Members Online Only Trade Your Setup Swing Trading is an investment strategy generally characterized by a short time horizon, emphasis on stock momentum, and monitoring both an underlying's fundamentals and technical analysis. 4/ for me it used to be fomc Welcome to FXGears. Best broker for UK futures trading . 15 minutes trade can give + 100. However, trading extends beyond these hours due to electronic trading platforms, allowing us to access markets late It helps me analyze the charts better. 04 DR CLEARING. Now there are certainly a lot of clearing houses that allow this, but my issue is that a lot of them charge about $30 for real-time data. I know it’s popular for most day traders to work the market open. You are able to trade during the night in futures. If you wanna trade crypto, you'll have to go offshore (again, assuming your account is small, because CME bitcoin futures size is 5 bitcoin) If you're day trading you'll most likely have to use a VPN. The account value won't be too much of an issue you can keep 1 MES contract running with <AUD2000, as long as it's not going against you but you're gonna have to tell IBKR during the application process that you have >500k net value, and that you have 10+years experience in futures trading, and that you are comfortable with having Of course, I won't be able to trade with $25000, so the stock market is out of the question. 60/40 rule tax advantage over stocks. Daily Timeframes: Daily timeframes are suitable for swing and position traders, as they focus on capturing price movements over several I haven’t traded futures live yet, but I’m curious how the contract expirations work in regards to trading. Best to start studying all 3 areas at once. And to trade crypto futures your best bet is KuCoin. Only thing you need on your chart to be a good trader is price and volume, but feel free to waste your time trying every indicator if you need to get it out of your system ;) Good luck. Like do you stay in trades longer if you are in 15 minutes time frame rather than 5 minutes. Now I only watch one ticker and I can go long or short. If you can prove consistency there, either trade live or move up to ES on funded. Investors can trade futures to speculate or hedge on the price direction of a security, commodity, or financial instrument. You can trade 2,000 contracts for the same 2000+ tick trade to be a $20,000,000 profit just takes a bit more money to trade more contracts. Personally, I love day trading futures. Oh, that makes sense then. Because even the winners after that relative time period are low quality. I have been trading stocks for nearly 10 years, and options about 5 now. So I am a DoD contractor and while still in the military I am unable to utilize what my fellow contractors call the 330 rule. Would you say this is at least an OK amount to start trading futures? I have paper traded stocks in the past before, but I'm not sure whether paper trading futures work in the same way. 1. You could follow their subreddit r/MEXC_Official for regular updates. Now I have 20 available to me. Still, I'd say the easiest option is to get a better broker. I'm looking to get into day trading futures, but I want to play off low margin. I'm probably gonna start with $1000. ) and occasionally tsla (ideally closer to the end of the week). Don’t trade more than 1 contract at a time until your account is at least $1000. Most likely you are trading on leverage, the key for successful trading you will not find it in any indicator or online, the key is how much money you are betting on a Trade, for example Natural Gas could move 10% in a day, so if you are betting 10,000$ (after leverage) you will loss 1000$ if it does move 10% against you, so you need to adjust I'd heard of one guy years ago who trades futures on ToS but only greater than 5min or 15min, and more like swing trading. You'll need a larger account to swing trade futures. These are the most liquid hours . For the U. 3/ I know some metals traders who follow mining more than other metals. With a post a few months ago asking if it was even possible to day trade futures LOL. If you’re looking to become an algo trader, I would focus on that more than the product (futures). Just started with options and am having success with them. I’m looking to day trade the micro index futures. To me, it is crystal clear that both are great to trade. See the highest volume trading hours for the futures markets. Many thanks. Max x amount of daily loss - this is SUPER important, EVERYONE should have a rule like this in place. Some are imptatient and want faster money and enter on the 5 minutes time frame. No BS, no hype, trading key levels or momentum moves, taking profits, avoiding reports, managing risk, wash, rinse, repeat. The only trading platforms I've been able to find that offer the Nikkei futures aren't supported in America. I'm hitting like 75-80% wins, and I'm predicting what the chart is fixing to do. I am learning right now how to trade futures (paper trading). I would even go as far as suggesting to open an account directly with an FCM if you're comfortable using more professional software like CQG or TT. Many sim platform will will your limit sell (offer) at 80 when 1 contract trades at 80, despite there being 400 contracts offered dat 80, leading to a very unrealistic trading experience. If the current contract says it expires in December, at what point do you switch over to trading the contracts that expire in March instead? Honestly if you cannot trade profitably which is 99% chance of being the case I’d say stay away. I do trade options, but I tend to sell. He comes off as someone who has been in the market for years and trades really, really well. Don't make the beginner's mistake of using all the money in your account to I trade NG I made lots of money with NG I trade her using supply and demand she respects supple and resistance areas to the T!!! And she creates lots of bullish and bearish trends with trend breaks every Thursday at 9:30am CT which is 10:30 am ET is Natural Gas storage reports I always wait til the report passes to then get in to a play but yea real top dog traders don't But I can usually see that within the first few minutes, so I'll get in then. So I'm still new to futures, but have finally been putting together a trading strategy. Mainly because I like the idea of all trading through a centralised exchange and that the futures market is more transparent. Not only is there not a correct answer, but its subjective and relative. The volatility drop after the first half hour generally works in my favor. Which contracts do you think would be best for a guy in my position? All in all, I’d say if you only trade futures then there are a ton of amazing choices. In fact, it might be the best "trade" of your life. Best possible scenario is the paint bar has fired, you have a crossover signal, and MACD has crossed in your favor, and you have broken support/resistance depending on the direction. This is probably a shot in the dark. that way you can see the overall market structure not just what has happened over the last few hours. The only issue some people might have is that he promotes a prop firm but is completely upfront about them wanting to take your money and that as long as they pay out, it doesn't matter. Feel free to comment on why you do or don't trade after standard (non-futures) market hours of 9:30am-4pm EST. 0, Volume Spread Analysis by Anna Couling, Trading in the Zone. I’m a fairly experienced trader/investor. Yeah I’m lucky enough to do this full-time, so I trade the US open and sometimes power hour. It probably would have been closer to $500 if the spread were 0DTE. Let me give you a piece of advice. If you are a small-time retail futures trader (if your account size is $100K or less), use a direct access broker/an "introducing broker" that focuses on futures trading services. I’m a profitable and consistent full-time futures daytrader. 20 DR r/FuturesTrading is a place to discuss futures, commodities, etc. 5 to 2x more ES futures contract during regular trading hours. pick the best tool. Iron beam, edge clear, optimus and Amp futures are hands down the best brokers. Welcome to FXGears. When it's super slow obviously. Nothing beats the 11am time frame into 4pm close. In my own work I break the day into 15 minute periods. that can be a hard question to answer when starting out. The company brokers stocks, options, futures, EFPs, futures options, forex, bonds, and funds. Benefits include the leverage allowed, short selling without having to pay crazy locate fees, and tax benefits which many don’t take into consideration either. 8 delta, 2,3 days till expiration. I trade spy. Our goal is to help Redditors get answers to questions about Fidelity products and services, money movement, transfers, trading and more. Hi all, looking to get a steer on the best UK broker with lowest spread costs and decent architecture i. There's no reason to begin trading five or 10 contracts at a time when you're just beginning. This time frame is longer, but not too long, and trade signals are fewer. My advice is to trade the entire trading session from 5:30am till 1pm. stock market, this is from 9:30 AM to Welcome to FXGears. I like to trade the minis around Asia and Europe Oh, that makes sense then. Key futures markets include stock indexes, The best way I’ve learned is by taking $500-$1000, using a small lot size and turning a 50% profit then withdrawing the money to restart the process. Before that, there can be the potential for gains, but when the volume is Discover the best hours for futures trading and how to create a personalized schedule for optimal performance. So happy PDT and Day trading restrictions don't apply. . Index futures, MES, MNQ, MCL have good liquidity. Their stops are too tight and they get whipsawed to death, I see this a lot with people trading funded accounts because their drawdown limitations are really tight. There is greater risk in swing trading futures, so I would suggest not. 25 years ago the best company had the lowest expenses, 20 years ago it was the best inventory practices, 15 it was the best technology, 10 the most green, 5 the best innovationblah blah blah. 25/tick x 4 = $5) in the hole when you open a position. My trade thesis had NDX retesting 14000 again today so there was room to let the trade work. His first name really is Vinny, but he goes by VinnyEmini to his futures trading friends. Yes, I've had ToS for many years myself, but only for investing, as I do my futures trading on other brokers with the older nt platform or using simple but fast entry platforms such as basic cqg-trader. Having been on several trading subs for quite some time and to have some productive dialogue, I want to clear some things up about my trading journey: Why futures? Welcome to FXGears. Share futures trading insight, tips, and your trades! the candles look like that because most trading in intraday bond markets are algos. Eastern Standard Time. If you are just entering based off price action, good luck to you figuring that out. It works EXACTLY like a real trading account with that amount in it. 1/ I used to trade gold a lot with cfds before I moved to futures. Members Online. Share futures trading insight, tips, and your trades! If you break a trading day down into time slices you can see which period has had the highest percentage gain for whatever time scale. Additionally, how it affects the trades. They are only good for options and stocks. - The CME Group Risk Management Handbook [2010] Lind-Waldock - The Complete Guide to Futures Trading [2005] Lofton, Todd - Getting started in Futures [5th Ed. This article will guide you through the best times to trade in different futures markets, like stocks, energy, and agriculture. Theres no answer to this. Ok so for example a lot of people who trade futures that are losing use stops. JUST BE CARFUL WITH LEVERAGE. I work a cooperate gig and it has been hard finding the time to trade ect. As for timing, the morning can be a more active time for trading, especially during market openings. If anything, use TOS for charting and IBKR for trading, as they have the best fills, hidden orders, direct routing, etc etc. Then use this to find the best pairs for those times. I am waiting for my reward for trading USDT-M futures in an MDay event in the CEX. PPS DEFINITELY do simulated trading on tradingview, ninja trader, tradovate, or think or swim. He is a very tough trader to emulate since his trading is so Investors can trade futures to speculate or hedge on the price direction of a security, commodity, or financial instrument. Looking whether it is feasible to trade futures on Sunday, but I heard it is much harder to trade than weekday mornings. I had big struggles scaling in with 1-2 Minis per Trade. And they’re trading off of low time frames. The first tip simply can't be emphasized enough: Plan your trades carefully before you establish a position. Little to no restriction on scalability. Although I have to say, even after reading all these books on trading psychology, I had a hard time applying a lot of emotional checks during actual trading but over time I have gotten better at it. Say 9:45-10am has the best gains over last month. Note- if you want to trade when the market is most active, then choose time overlaps that overlaps London and New York sessions because that is when 50% of I've been trading for over 5 years and I started trading this system around October of last year and have seen good results. Reply reply They don’t come on Reddit and complain about day trading being BS on a And to trade crypto futures your best bet is KuCoin. You basically said, “Hey, I practice basketball 3-4 times a week for a month now, I PS best Technical Analysis books (in my opinion) are by McGee, Martin Pring, John Murphy. Reply Zapatista77 I just crossed + $375,000 in profits after 18 months of full time day trading After researching the market for a long time I've found many indicators/trade ideas do not work for the futures market but a few of them are really good. I honestly prefer the 1-hour chart, basically which I find is the most apt, not too short, not too long. Then start trading a 1 lot. but personally I use TOS for investing but a different platform for trading futures which only requires $500 /contract for trading /ES, $50 Welcome to FXGears. so like a 4hr and 5m might be good. I say “imaginary” because when u begin trading THEY will take the other side of your trade. I had an open future's price drop right thru my StopLoss. 50 cent contracts so I'm still using their platform. Take it this way - there are in average 56 4 point rotations every day average of the last 5 years, lately much more then that , average tick distance of a 4 point rotation is 22 ticks , so usually you need to get 3-5 of those rotations a day to get 20 points with 1 con , usually ppl use more then one I think only trading futures options might be a good idea. ) Yes, noted regarding Axia. not sure why options trading is so overlooked but it seems to be. Then instead of wasting your time waiting forever for a move to play out after hours, review your trades and see where you made a mistake or where you traded well. Read here to learn more now! - Cons: High stress, larger trading costs, time-consuming. I only make 1 or 2 trades per day, but there have been an exception where I make 3 trades. Learn price actions trading because most indicators lag and futures are very fast and volatile. Its extremely difficult to get started on your own, believe me I know I did it the hard way! Looking to meet more futures traders and share Ideas, I'm always open to talk to new traders and answer questions as well. He developed a software to help with trading futures that is called Algobox which is pretty amazing. 00 DR EXCHANGE 2. To take a trade. Discover the importance of selecting the optimal trading timeframe to enhance your futures trading performance. No such thing as "the best time" you can only identify the best time after its happened because hindsight is 20/20. Spend more time educating yourself as this is a silly question. For some forex traders, they feel most comfortable trading the 1-hour charts. Futures are great for this, when the trade goes in your favor, because they are highly leveraged. I'd be shocked if that were that case. Took me almost 2 years to figure it out, hope this is helpful. Futures are probably the most straightforward thing to trade and learn. If you're looking for alternative markets with more suitable trading hours, you might consider exploring the London market or other markets that align better with your schedule. I have been consistent for some time, and wanting to open a account outside of the prop firms I am signed up with but most brokers say you need 10k margin to trader futures. Stop trading before lunch time US equities, so for me it's ~ 12 pm eastern - maybe for you, you can only trade after lunch time because you perform better, idk. I don't like to trade all day, and in fact believe that the early action often contains the best trades of the day. Hold for 2-8 days and profit 2000+ ticks with 25 contracts, profit would be $250,000. I'm eager to start funding my account. I trade CL in thee evenings when activity is light and I can occasionally match my trades with time and sales in real time. Presumably, that is long term enough for you. The strategy for futures is extremely important. Down voted for right reasons. You own a "representation" for the notional value of $100,000 or $200,000 in treasuries (depending on the contract). Also if your account comes down to $55, stop and transfer more money, or Tradovate will charge you $50 penalty if they have to liquidate your position for not having enough margin. In October 2014, Panther's sole owner Michael Coscia was charged with six counts of commodities fraud and six counts of "spoofing". Honestly if you cannot trade profitably which is 99% chance of being the case I’d say stay away. I was kind of inconsistent with it, but then decided to try using a tick chart vs a typical time frame chart. Depends on the broker and if you trade micros or minis. My best was OBS studio software to record entire screen including time/sales, charts, order entry, breaking news, everything you're looking at so you can watch order book at half speed or 3/4 or even 1. It will take a bit of time to set up the platform, but man are there so many scripts available. r/FuturesTrading • by ketaking1976. OP is a larp. Attached pic is from 2005-2015 but it's the best I could find to illustrate it. Tradovate at least Top 10. What are your recommendations? To get started in futures trading, you'll need a great broker that allows this type of investment. I am doing well but I know without having a job to report to, I would have been doing much better. use both, but tradovate/ninja trader is alot more accredited than 2 off the wall futures trading platforms that i never heard of and do not even sound like they were even major names, or would even crack the Top 25 futures trading firms. Some people thing that need to trade news and only on higher time frames so they avoid the smaller time frames. I have been swing trading 30+ futures markets for the last 35 years, including ES, NQ, and RTY. Some believe in 1 minutes times only (not me lol) so they trade on that. On spy and qqq (since they have everyday exp. Share futures trading insight, tips, and your trades! Members Online ES only TOUCHES THE PREVIOUS SESSION'S CLOSE 25% of the time on this weekday As an official Fidelity customer care channel, our community is the best way to get help on Reddit with your questions about investing with Fidelity – directly from Fidelity Associates. S. This Best Trading Times I'm new to this, have been reading tons of books, paper trading, experimenting with different time frames, for probably the last few months, moved over from These suggestions for the best time of day to trade stocks, the best day of the week to buy or sell stocks, and the best month to buy or sell stocks are generalizations, of In futures trading, it’s always a good idea to follow the pros, so in this article we will look at the five essential trading indicators that are widely used by futures day traders today. I think I'm just gonna bite the bullet and go with Ninjatrader. The learning curve on If after 12 there is still volatility I could trade after work I trade options like futures, strictly for the leverage. Also this let's you trade with a full time job, you can buy options and then check occasionally to see if you want to sell or put a limit order. Breakdown from AMP is as follows per rt per contract: TOTAL COMMISSION & FEES 3. Since futures trade 24-hrs a day (minus the daily 1-hr close for reconciliation) I assumed all hours are "Regular Trading Hours" (RTH) and one would NOT need to tick the box for "Outside RTH" for TakeProfit and StopLoss bracket order that is submitted w/ the order if I'm trading FUTURES. Futures trading is serious business you can lose way more than you put in. (SPACS), Units, Warrants and the best DD on Reddit. Kroll, Stanley - Kroll on Futures Trading Strategy [1987] Labuszewski, John et al. As an official Fidelity customer care channel, our community is the best way to get help on Reddit with your questions about investing with Fidelity – directly from Fidelity Associates. I have a strong feeling that Uncle Sam is going to place ridiculous laws to protect retail (from themselves) like they did in 2009 with stocks and forex. That leverage also is the source of the risk, as well. Establish a trade plan. Get one or two of those moves and be done. US Futures are 23/5 so if you do something like this, it’s best to build a bot with small risk because you won’t be able to watch it 23/5. basically all price does during that time is chop and consolidate which is typically Generally speaking, the best times to trade stocks are the first two hours after the market opens and the last hour before it closes. Get the Reddit app Scan this QR code to download the app now. Or check it out in the app stores r/FuturesTrading is a place to discuss futures, commodities, etc. That's not what this poll is about. Don't care much about time decay because usually each trade takes a few minutes. Advice for competition comments. For many, that's the best time of day to trade. The very best I've seen is by VinnyEmini. Trading micro futures have been extremely lucrative. Share futures trading insight, tips, and your trades! Anyone have suggestions on the best possible real-time futures charts? The only other charts I've used was E-signal and it was only for stocks. I don't know why you would pick one over the other. Do not use real money until you've sim traded for at least 6 months. The Best Times to Trade Futures: Maximizing Your Trading Schedule. ) Selling a Put spread and, at the same time, selling a Call spread. More practice won't help you if you haven't perfected regular trading hours. 2am may be the best time for a currency, but will you be awake at 2am? Work out what time you can dedicate every day or every few days depending on your time frame. The other reason I have been using 5 mins is because having come from regular candlestick - both tick charts and time charts - the 5 minute allows me to compare data to a very familiar landscape, and I use the footprint for confluence and confirmation of potential entries. There are a myriad of approaches, including outright long options, spreads, ratio spreads, outright short options, and others. Contact Leeloo Trading now. They have a helpful post that discusses how to trade futures in Australia, which includes insights on platforms and other essential aspects. I think it will also help me with big red days like following I really like the way charts are shown on Webull, used to use t a lot for day trading when I was trading Options, moved to Edge Clear and their platform to trade Futures a few months ago and I don't like it, it freezes a few times and My option to choose a platform is so limited since I'm using a Mac , Webull is way more reliable on Mac OS , I will try it this week since my account is yet It is often best known for its trader workstation, API's, and low margins. I'm a deliberative thinker (slow thinker) and need more time to make a decision, and why I trade on the 1 hour and 4 hour charts. I hav been using TD Ameritrade for 20 years since they started out as Thinkorswim. 05 r/FuturesTrading is a place to discuss futures, commodities, etc. I prefer TradeStation as a platform for trading futures. rdpobihjksplnevnyludyynodtrbwlikrzdqwmguxrdxrfcaagqo