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I believe the point is not so much a
matter of margin or account size, but moving
with caution as one learns futures trading.
I, for one, would not want to make my first
trade in the S&P, mini or otherwise.
A neophyte trader, outside of perhaps
having some blind trading luck, really has no
business in the S&P or ND...I think the
suggestion of starting out in currencies is
an excellent one. If a new trader also
subscribes to the CBOT, he/she might want to
consider trading the DJ futures.
In trading there currencies one has a
reasonable expectation of return in addition
to actually beginning to learn trading
business from execution, stop placement, and
psychological factors.
Frankly, I think if one is liquid to the
tune of $70k, one could do a lot better for
herself than trading the mini...
Jim
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