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New to contracts must read: Accurate market prediction is basically unrealistic
A piece of advice for friends wanting to enter contracts—don't expect to predict the trend for the next 3 to 4 months, the market isn't that easy to guess. Want to test the waters with contracts? Remember one principle: only trade with a very small amount, treat it as a practice field. Once you're familiar with the rules and understand the temperament, then gradually increase your position.
One last honest truth: beginners are actually not recommended to touch contracts. Risks and rewards are always two sides of the same coin, and you could end up losing everything even with a small amount.