Best way to trade indices with a small account? - Business, Finances and Investing Forum

Two Plus Two Forums Other Topics Business, Finance, and Investing

Best way to trade indices with a small account?

Post Reply Subscribe

...

10-09-2023 , 12:12 PM

CandyKreep

Carpal \'Tunnel

Join Date: Apr 2008 Posts: 6,402

I know that you're not supposed to be trading CFDs in the US, but if you're looking to YOLO it up on SP500 with a small account that you don't mind blowing if things go awry (a few hundred bucks) are there really any valid ways to do so outside of risky offshore forex brokers with terrible spreads? I suppose you could trade micro futures or SPY options but I don't think you get as much leverage as you get with CFDs... Or you can just tell me how terrible of an idea this is which I'm sure is the more likely response

Quote

10-09-2023 , 08:08 PM

TeflonDawg

Pooh-Bah

Join Date: Oct 2006 Posts: 5,928

ToothSayerBatSignal.gif

Quote

10-09-2023 , 10:04 PM

CandyKreep

Carpal \'Tunnel

Join Date: Apr 2008 Posts: 6,402

Quote:

Originally Posted by TeflonDawg

ToothSayerBatSignal.gif

If ever there was a time....

Quote

11-23-2023 , 10:18 AM

JackLL

stranger

Join Date: Apr 2023 Posts: 10

Trading micro futures on indices like the S&P 500 can provide exposure to the market with reduced risk compared to CFDs. Micro E-mini futures contracts have a smaller contract size, making them more suitable for smaller accounts. Also Trading SPY (SPDR S&P 500 ETF Trust) options allows you to speculate on market movements with limited risk. I am currently testing automated trading on several accounts using a forex VPS. I have read about successful cases of this strategy.

Last edited by JackLL; 11-23-2023 at 10:26 AM. Reason: added some details

Quote

01-14-2024 , 04:43 PM

ulonulunq

stranger

Join Date: Apr 2019 Posts: 6

Quote:

Originally Posted by JackLL

Exploring micro futures on indices, especially the S&P 500, is a savvy move for exposure with lower risk compared to CFDs. The smaller contract size of Micro E-mini futures suits smaller accounts well. Additionally, delving into SPY options enables speculation on market movements with limited risk exposure. Personally, I've been experimenting with automated trading across multiple accounts through a forex VPS, drawing inspiration from successful cases of this strategy. For those keen on honing their skills, exploring the Best Paper Trading Apps For Stocks and Options could be an invaluable step towards refining trading strategies in a risk-free environment. www.linkedin.com/

Quote

Post Reply Subscribe

...