[newguy]

Hi i just started researching into futures daytrade, YM specifically. It looks to be easier to learn/focus than keep track of dozen of stocks. Looking for help on a couple questions thanks!

My setup is ninjatrader, connected to zen-fire feed from mirusfutures.com using their demo login/password.

1) Which YM month contract do people usually trade? is it always the current contract month? in this case - march 08? Does time decay affect futures the same way it affects options? is that something daytraders need to worry about.

2) What basic setup do you need to trade index futures such as YM? You got the charts, T&S window, order window. Any other core component i am missing? For example in stocks you would definitly want the level2 window + market depth etc..

3) What's a good broker / zen-fire datafeed provider? Is mirusfutures.com considered good for execution timing/fills?
thanks!