Dunno so much about there being similarities between trading stock indices and commodities vs. FOREX. Maybe in theory and insofar as the same tools being available to be applied. But in practice I’ve found differently I’m afraid. In my first few years I actually did this exercise and asked the same question and to date nobody has given me a reasonable explanation i.e. I lost copious amounts of money (as noted recently: in the upper six digits and in USD to boot) for various reasons. What confounded me was this though: just about all of my trades on indices and commodities were profitable over a pretty long period of time (at least two to three years) whereas just about all of my FOREX trades over the same period were losers (and unfortunately for me those were the bulk of my trades by a huge margin at the time given that I thought FOREX was the business and figured that indices were out of my league and only for the professionals at the exchanges) (not to mention leverage or lack thereof which, even back then, was a fraction of the leverage being offered on FOREX pairs and which, we all know, is bait for new the new trader which included me at the time of course). My argument back then (same as it will be today) is how come the same trader with the same personality traits and personal shortcomings, with the same trading systems, taking the same (ridiculous at the time) risks, and even with the very same broker could be profitable in one market (well: indices and commodities) and yet lose the farm on FOREX. I have (back then as well as over time) formed my own personal opinions as to why but not worth upsetting the budding FOREX millionaires over here. Anyway and long story short: the moment I dumped FOREX and got seriously into indices, stocks, and commodities only then did things start turning around (although unfortunately by that time it was too late to make up all the losses due to an eventual lack of capital and had to step away from trading for a good while i.e. could not sustain myself on a monthly basis in spite of being profitable but with a lack of capital). Anyways. Just saying based on my personal experience. Not sure that it’s a discussion I want to rehash. It made me pretty unpopular back then and it’s bound to achieve the same result today.
I see the OP has tried to get help on more than one occasion re: this very topic. I’m happy to help. But I sure ain’t calling you on the phone. But before we even bother with this: you need to realize that you need decent capital before even attempting to go this route. Margin requirements have been greatly increased (leverage decreased) at all properly regulated brokers. This is a wonderful thing (believe it or not). But it means that you need some serious money to be able to make anything that’s worthwhile on a monthly basis. At a regulated broker the best you’re going to get is 5% or 20:1 (unless you’re able to be classified as a Professional Trader and I’m guessing that in your case this is not going to be possible for a while). In real terms this means that in order to trade just 1 contract (CFD) on the Dow Jones Industrial Average, yielding $0.01 per tick, you need $1 297.20 in margin alone per contract (CFD). Of course you can trade mini contracts (mini CFDs) which some brokers offer i.e. the margin requirement is 1/10th of that but then so is the tick value. Alright. The Dow is a worst case scenario i.e. a lot less margin is required to trade the S&P500 and the NASDAQ (purely because of the prices of course i.e. margin percentage required is still the same). But then of course: the daily ranges of these two are a lot less than the Dow. And, of course, you could go find a broker that offers you ridiculous leverage (saw one just this last week offering 500:1 on the indices) but this means they are not regulated (at least not with a regulatory body that I would entrust to oversee my broker and their antics).
So there you have it dude. The low down (at least from my perspective and based on, sometimes bitter, personal experience).
If you want help: glad to oblige (assuming you fit the bill as detailed above). This being said: nothing done privately or on a one-on-one basis i.e. everything done openly and publicly on these forums on my thread that’s currently running. Oh and don’t go expecting ridiculous gains either. 1% - 5% per month on average over a year: consider yourself very lucky. You want 20% per week (or more): cannot help you. And if you need to withdraw profits monthly: obviously you can forget about compounding. So you need to work out it you have enough money to be able to sustain yourself on 1% - 5% per month (as I say: on average over a year).
Not so easy huh!!! LOL!!!