Looking forward to the Futures....

I am eating dinner as of 1:05am. Yes eating spaghetti with tostitos sauce while I type this post. I will try to make the story short. I was planning to eat chips with the tostitos sauce for dinner, but found the top portion of the jar growing white molds. As usual I disposal as much of the white mold sauce. I took what was left and heated it in a stove pot and mixed it with cooked spaghetti. There dinner served.

Now I will go back to trading. The title of this post was written like so on purpose. I just signed up for trading futures on TOS. I hope I can make a foturnate now, lol. I just better make sure not to lose my shirt. For over a month I have researched as much as I could on trading futures. One of my favorite blogs on trading futures is "eminiaddict". He truely is trying to help people out. All his service does not require a single fee. Heck he doesn't even have a donate link on his blog. Although I think he should make one. He is one and a million of wonderful traders willing to help beginners. Hopefully I can follow in his footsteps with this blog.

So the most popular future out there right now is this future contract called ES Mini. ES Mini is a future contract created by CME, (Chicago Mercantile Exchange) and the future corresponds to the S&P 500 Index. So the ES Mini is another way to trade indices. What makes the ES Mini so interesting to me is that it can be traded almost 24 hours a day from Monday through Friday! Any news that gets posted overnight during a weekday US stock closed session may still effect the ES Mini.

This is one step closer to a global market. To top it all off today I just learned that people in America can actually trade in Japan's Nikki 225 futures too. The ticker symbol is "NKD". I do not know much outside of the S&P, Nasdaq, and Dow Jones, but it could get interesting because now I am planning on trading before I go to bed. Man so excited I can not wait.

With all this excitement I know I am going to make stupid trades. So rather then playing for real I plan on using a TOS paper money account first. Get my feet wet with these so call futures contracts. There are quite a few out there. There are the ones following the Nasdaq- /NQ E-mini, Dow Jones- /YM E-mini, and plenty more from CME. (Check future contracts from CME.) I have noticed the /ES futures are the most traded contracts out of all futures by far so with signifcant amount of liquidty is in the /ES would mean it is easier to get in and out of trades.