Quote:
Originally Posted by dpaterso
If you're asking for MY advice I'd steer you in the direction of the Dow, Nasdaq, and S&P 500 (futures) to start with then move on to metals, commodities, and oil when you've built up a bit (a lot) of capital. The only problem is that the amount of capital that you have available to you to start with will limit your choice of broker and therefore your choice of tradeable instruments. I'm working on something for people who want to open accounts with GCI Financial (GCI Trading???) that have a minimum of $500 starting capital (GCI requires a minimum of $2 000) but I can only do this if I have more clients to justify the arrangement. GCI has EVERYTHING on offer so that's why this is such a 'big deal' to sort something out.
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Are the indices and futures the same thing Dale? Also, I was once told that Futures are more riskier than Forex because sometimes you are not able to get out of a futures contract and you are pretty much stuck with it (even if it means you losing all of the initial deposit that you put into your brokers account + liable for even more $$ after that) Is this true? Or was I told wrongly? And why would you recommend these futures/indices in front of commodities?
Oh yeah... I would be interested in the $500 account with GCI if you are able to pull some strings!
Many thanks for your wisdom words,
Tom