[Labcast]

This is a common question asked by many new traders. In many occasions new traders will receive 3 different answers. Futures, stocks, and forex. I think the best way to start is to pick one market/stock/currency and study it. Get to know the financial instrument you are trading fairly well before you risk any money. My personal favorite are the e-mini futures. The futures markets give me good leverage. But the most important thing is that I have pretty much specialized in it. Do what you do best instead of poking your nose where it doesnt belong.

If you are interested in trading stocks, I would recommend beginning with NYSE stocks. For futures, I would recommend the dow mini's. Hard to say about the Forex since I don't trade it. Any recommendations on the Forex markets?