NexusFi: Find Your Edge

Home Menu


Which is best market for novice?

Discussion in Psychology and Money Management

      Top Posters
    1. looks_one allysius2005 with 2 posts (0 thanks)
    2. looks_two Big Mike with 1 posts (0 thanks)
    3. looks_3 Bookworm with 1 posts (0 thanks)
    4. looks_4 quantismo with 1 posts (2 thanks)
    1. trending_up 2,997 views
    2. thumb_up 5 thanks given
    3. group 4 followers
    1. forum 11 posts
    2. attach_file 0 attachments

Search this Thread
  #1 (permalink)
Experience: None
Platform: MT5-
Broker: AMPFutures
Trading: NQ
Posts: 18 since Mar 2011
Thanks Given: 1
Thanks Received: 18

Hi All,

Just wondering if someone can share what is the best market for novice? Why?


Started this thread Reply With Quote

Can you help answer these questions
from other members on NexusFi?
The Elite Circle
What You Know vs How much you know about it
Traders Hideout
Forcing plots to disappear/reappear?
Pivot Indicator based on Level2 data
Has anyone taken The Confident Trader course from aheadc …
Trading Reviews and Vendors
  #3 (permalink)
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
Swing Trader
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,605 since Jun 2009
Thanks Given: 33,342
Thanks Received: 101,966

allysius2005 View Post
Hi All,

Just wondering if someone can share what is the best market for novice? Why?


Please watch this:

It should explain everything and give you plenty of good info.


Join the free Markets Chat beta: Real-time Trading Insights

We're here to help: just ask the community or contact our Help Desk

Quick Links: Change your Username or Register as a Vendor
Searching for trading reviews? Review this list
Lifetime Elite Membership: Sign-up for only $149 USD
Exclusive money saving offers from our Site Sponsors: Browse Offers
Report problems with the site: Using the NexusFi changelog thread
Follow me on Twitter Visit my NexusFi Trade Journal Reply With Quote
  #4 (permalink)
MrYou's Avatar
Experience: None
Platform: None Yet
Trading: Guitar
Posts: 403 since Jun 2011
Thanks Given: 618
Thanks Received: 196

Definitely visit the link provided by Mike, but the short answer is:

The best market for the novice is the one which provides the least amount of a potential loss. This would be trading SPOT Forex using micro-lots/mini-lots.

The lowest barrier to gaining experience is going to be by setting up a SPOT Forex demo account with MBTrading (no deposit or CC info required), downloading their MBT Desktop software, NinjaTrader (see broker setup configuration info), or their MB Trading FX Metatrader 4.

Reply With Quote
  #5 (permalink)
Bookworm's Avatar
Long Island, NY
Experience: Advanced
Platform: TOS
Broker: Charles Schwab
Trading: Equities, index options and futures options
Posts: 192 since Apr 2010
Thanks Given: 67
Thanks Received: 203

The "best" market may vary depending on the trading approach chosen. Buying pullbacks or breakouts will require a market that tends to trend while a method that relies on reversals or failed breakouts might do better with a mean reverting market.

Reply With Quote
  #6 (permalink)
Harrisburg PA/USA
Posts: 5 since Jun 2013
Thanks Given: 1
Thanks Received: 12

First, you've got to figure out how you are going to trade, when you are going to trade, and how much capital you are going to start with.

Do yourself a favor and do some research about how REAL traders make a living at trading or have made a living at trading. Pick up these four books... Market Wizards, New Market Wizards, Stock Market Wizards and Hedge Fund Wizards, all written by Jack Schwager. These are interviews with real traders dating back to 1988. Make a note about which interviews stand out most. There are many styles of trading and markets covered in these interviews, from individual stocks to commodities, currencies and options. If there are interviews that really stand out, do some more research on those individuals, and try to pick up tidbits about how they trade.

Once you've done that, learn how to test your own trading ideas on platforms such as TradeStation, TradersStudio or similar programs.

After you have done all this, your question will be answered for you. The worst thing you can do is just start trading some market without a plan because someone told you it was a good market to trade for a novice. There are NO easy markets.

Reply With Quote
Thanked by:
  #7 (permalink)
lsubeano's Avatar
Experience: Intermediate
Platform: thinkorswim
Broker: TD
Trading: futures
Posts: 213 since Jun 2010
Thanks Given: 65
Thanks Received: 165

the freeee market

demo trade with a 5k, 10k, 25k account.....and treat it like real money (even though it is hard to do). Take trades and follow your plan, money mgmt...ect

after 6 months of profitability then trade live.....

also, if you daytrade, experiment and see which market is your are stops run, when is liquidity low, when do big moves happen.....make up questions for yourself and find out the answer.

Follow me on Twitter Reply With Quote
  #8 (permalink)
Vancouver Canada
Posts: 7 since Jul 2013
Thanks Given: 0
Thanks Received: 0

how about russel risky

Reply With Quote
  #9 (permalink)
Fadi's Avatar
Experience: Advanced
Platform: NinjaTrader
Broker: IB / Kinetick
Trading: ES, CL
Posts: 484 since Apr 2012
Thanks Given: 667
Thanks Received: 648

The equity market
Stay away from derivatives and leveraged products... They are recipes for disasters if you don't know how to trade profitably and consistently yet.

Successful people will do what unsuccessful people won't or can't do!
Follow me on Twitter Reply With Quote
Thanked by:
  #10 (permalink)
Experience: None
Platform: MT5-
Broker: AMPFutures
Trading: NQ
Posts: 18 since Mar 2011
Thanks Given: 1
Thanks Received: 18

Thank you all for your reply and sorry for late reply.

I think every trader have their own opinion and idea. I really appreciate all the reply.

Started this thread Reply With Quote

Last Updated on July 14, 2013

© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts