@Mario Santos Here is a little bit of info I got from two different brokers for reference if you want to track it when you log your papertrading (what I plan to do) These are fees including contact, exchange, regulatory and overnight - THINKORSWIM - Per Trade : $2.59 = or $5.18 round trip per future - INTERACTIVE BROKERS - Per Trade : $2.50 round trip (you can also check out this link for more info at interactivebrokers: https://www.interactivebrokers.com/en/pricing/commissions-futures.php?re=amer )

Need 10 more minutes

Will join when I get home sorry for the delay

Thanks @Tyler Stokes your explanation definitely helped clear some things up for me. Quick update... I called thinkorswim/schwab and spoke directly to a futures trader. They were super helpful so it is a great resource to anyone on the platform that might have questions. I have begun to do a deep dive into Micro Futures, good contact number if anyone else had questions : 1(800) 435-9050 Some good info I was missing is below for anyone else that might need this, however please note I am just getting started and am not an expert on any of this: 1. Futures do no have leverage (as you called out Tyler) There is initial margin (skin in the game) that is shown for each coin you may want to trade(see attachment for reference). So you will have that margin tied up until you complete your trade (potentially preventing you from entering two trades at the same time, based on your account balance). Once your trade is completed you instantly get your margin back (+/- your win/loss for the trade) 2. Pattern Day Trading rule - this does not apply to futures or forex traders. ie. you may make than 4 trades in a 5 day period an keep an account with a balance under $25,000. This is not the case with stocks and options, you will need to maintain a larger account size. 3. Fees per trade. This varies a lot per broker (as I am sure you guys know) but for thinkorswim when you are brand new all fees roundtrip per trade work out to $5.18. I plan to paper trade and track all the profit losses ect over the next few months, so I can report back how crippling this might be to a scalping stagey (which I plan to more or less implement). Hope this might be helpful

Think I will go with Interactive brokers like you! Interactive brokers fees per trade: 1 ES Futures Contract = IBKR Execution Fee USD 0.85 + Exchange Fee USD 1.38 + Clearing Fee USD 0.00 + Regulatory Fee USD 0.02 + per/contract fee USD 0.25 = USD 2.50

There is a community of people making serious gains on it, but from what I gather so far it is a way to get a lot of leverage and setup trading strategies with cross leverage that you might never be able to pull of with a small account in other markets. However, I am just not comfortable with the instability and chances to make an error when exchanging all the different currencies. So for now I will sink my resources into micro futures.

@Tyler Stokes found your podcast and am on a similar time line and trajectory as you! It has been a great refresher on all the info I learned in an online course I bought. I was wondering if you ever needed any help with the community? I have free time and would be willing to help in any way you might need support to keep this community up and running! Keep up the good work, you are inspiring us all!

@Tyler Stokes Sounds great, I am hoping to gain more and more knowledge by then as well.