Popular Things for Day Traders to Trade
You can day trade many different securities and derivatives! Sure, you want to trade anything that makes you money, but what the hell is that? Each market has its own nuances, so if you switch from futures to forex (foreign exchange), you could be on your way to disaster.
But if you know the markets you want to trade, you have a better idea of what research services you need, what ongoing training you might want to consider, and how to assess your performance.
You can think of your chosen markets in the same way: what do you want to trade, where are you going to trade it, what is the risk and return, and what are some of the characteristics that make this market attractive to you?
Item Main Exchange Risk/Reward Characteristics
Stock index Chicago Mercantile Exchange Zero sum/ Benefits from movements
futures leverage of broad markets
Treasury bond Chicago Board of Trade Zero sum/leverage Best way for day traders to play the
futures (subsidiary of the Chicago Mercantile bond market
Exchange Group)
Foreign exchange Over the counter Zero sum/leverage Markets open all day, every day
except Sunday
Corn Chicago Board of Trade (subsidiary Zero sum/leverage An agricultural
of the Chicago Mercantile market liquid enough
Exchange Group) for day traders
Large-cap New York Stock Exchange, Upward bias Good stocks for
stocks NASDAQ day trading, large
and volatile