Trading Style
Different day trading markets have different types of movement. Some markets move slowly but surely, while other markets move very quickly, and sometimes without any warning. Similarly, some day traders like to have plenty of time to decide upon and make their trades, while others are perfectly content to make their decisions and trades quickly.
Beginning day traders will prefer markets that move at a medium pace, and make decisive movements. Some popular futures markets that meet these criteria, and are suitable for beginning day traders, are :
Currency Futures
Stock Index Futures
- YM - The Dow Jones futures market
- ES - The S&P 500 futures market
- ER2 - The Russell 2000 futures market
- CAC40 - The CAC40 futures market
Commodity Futures
- ZG - The Gold 100 troy ounce futures market
- ZI - The Silver 5000 ounce futures market
Agricultural Futures
- ZC- The corn futures market
- ZW- The wheat futures market
One popular futures market that is missing from the above list is the HSI (The Hang Seng futures market). This is because the HSI moves very quickly, and can reverse its direction very quickly, so it is only suitable for experienced day traders.
