I have a little extra (Like 00-1000 or so). Would it be possible for me to invest in commodities contracts or futures? Or do I need more ?

If I can, how do I go about doing it?

PS: Don’t talk to me about the risk. I fully aware of them. I want high returns for my .

 

  • b2fnow 1:00 pm on July 30, 2010

    NinjaTrader is perfect for the underfunded futures trader. The platform is free and the data feeds for futures and forex are free also. You’ll not find lower margin rates at $500/contract for index futures like the emini, and $500/contract for forex. Oil is about $4,000.

    The minimum amount to open an account is $500. Anything below that in the account and they turn it off.

    Download the program and give it a try using their built-in simulator. All the features and most indicators are all there. I don’t know how they do it for free, except through the brokerage. Brokerage fees are also competitive at $6 per round-trip trade.

    http://www.ampfutures.com/index.php

  • Peter 1:00 pm on July 30, 2010

    Check with Interactive Brokers, they allow you to trade in commodity futures. I think you need more that a couple grand to get into the futures market though. If you want to bet on future commodity prices, you can also use various ETFs, such USO for oil. Then you can use options to leverage your investment if you want high returns (or loss).