There are a number of questions I get when I meet aspiring traders but one of the most common is for my thoughts on the fundamental analysis vs technical analysis debate. It's a big topic to consider because where you decide to focus your efforts will make a huge difference to the type of trader you will become and what your typical trading day will be like. Read more
Probably the biggest misconception out there about trading is how easy it will be for a new trader to develop the skills necessary to be consistently profitable. Most people think of skill acquisition as a steady process that will see a trader going from strength to strength but this isn't how learning any skill really works. Read more
A lot of people first get involved in trading to fulfill "The Dream". For some it's freedom from having a boss, for others it's the desire to work from home to spend more time with the family, while a handful see trading as an opportunity to travel the world and take their work with them wherever they go. The potential for total career and financial freedom as a professional trader is no doubt very compelling to many people . While this is certainly possible, the path that a person must take to become a consistently profitable full time trader can be fraught with perils so it's essential that you're properly prepared for the task ahead. Read more
Previous Entry: How Money is Made an an Emini Day Trader
Every year thousands of new traders enter the markets. It's a big step for most people as typically they have very little prior experience with day trading. Some have just been hobbyist traders in the past, while others have only recently been introduced to the markets but felt an instant connection that made them eager to learn how to start day trading.
It's likely that their previous education and career have done little to prepare them for their new endeavor so they understandably are unsure of exactly where to start. As people begin to seriously consider what it will take to become a day trader they often have some similar questions that come up: Read more
Previous Entry: 8 Advantages of Trading Emini S&P 500 Futures
If you're new to futures trading you most likely have some questions about how money is actually made in the markets. In Part 3 of the Emini Day Trading Series, we will cover margin requirements, the different trade types, and the commissions a trader pays. We will then take a closer look at potential day trader income over the course of a month and year when trading with various contract sizes. Read more