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Well as far as tick value is concerned these contracts may not be the lowest ( $10/tick Gold, 12.50/tick Corn) but Gold and Grains move fairly slow and give you lots of time to analyze then make a move. I know that the fast movements of the indices were tough for me when I first started. |
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Newbies should not be trading anything they know nothing about.
The grains (corn, wheat, soybeans) have lock-limit days that can leave you unwittingly stuck short or long in a position with no way out. 20 /c move from the previous settlement price (close) is the limit for corn, 30 cents for wheat, and 50 cents for soybeans.
Lots of profit potential, but very volatile, so I'm not sure what you've been looking at lately, since the grains have been on fire of late.
If you want SLOOOOOOOOOOOOOOOW, then I suggest you trade the Treasury complex instead.
30 year bonds has the largest tick value of futures ($31.25/tick), but moves comparatively slow to other - with the exception of economic news and reports, when all hell breaks loose.
Or try the benchmark 10 year notes ($15.625/tick) - either way there's plenty of liquidity in both contracts, with over a million of the 10 year notes traded each day (same volume as the e-mini S&P).