Should I be trading the cash or futures?

[deve]

Hi

As a novice, I've been having a play around with a demo cfd centurion account at kinetic securities. From what I've seen this looks pretty similar to other similar accounts from IG markets and CMC markets. (Is that an accurate call? Should I be using one of these or something else? I'm hoping to eventually be able to trade indicies such as the SPI, DAX and S&P)

Anyhow, I've noticed that when trading, the spreads on the futures markets are a lot larger than the cash markets. eg:

Germany 30 - 2 pt spread
Germany 30 Forward - 6 pt spread

US SPX500 ($50 mini contract) - 0.7 pt spread
US SPX500 Forward ($50 mini contract) - 1 pt spread


As I see it, the larger the spread, the harder it is to make a profit. Is there a reason I should be looking at trading the futures rather than the cash charts, when they are more expensive?

I realise these aren't cash charts as such - but are created by the market maker based on the cash charts - is that right too?

Cheers
Steve

[skyQuake]

Futures are ripoff, just do cash.
I suggest however, you do at least 100 trades on the demo; and if you are consistently profitable (ie not all ur winnings come from 2 or 3 leveraged trades...), then move on trading with real money, but tiny amounts first. See if the demo matches what their real platform is like.
Keep in mind 80% of new CFD players blow their acct in the first few months, 95% in the first yr.
Good Luck.