Many questions frequently arise for individuals beginning their journey as an Emini day trader. These include inquiries about the nature of futures, their comparison to stocks, Forex, or commodities, and the methods through which traders generate profit. The next crucial aspect to explore is the “My Trading Desk” overview, which delves into the practical setup and organization of a trader’s workspace, an integral component for efficient and effective trading in the Emini market.
To address these queries and other relevant subjects for emerging traders, The Emini Day Trading Series has been compiled. This series spans four articles and offers a foundational understanding of futures and the approach to day trading employed at Samurai Trading Academy.
Understanding Emini S&P 500 Futures
The first installment of the Emini Day Trading Series delves into the Emini S&P 500 (ES) futures, including their origin and historical development. This part also covers key aspects such as the value of ticks and points in relation to price movements, details on contract expirations, and insights into the market’s operational hours and periods of high activity.
Read Part 1: What Are Emini S&P 500 Futures?
The Benefits of Trading Emini S&P 500 Futures
The second part of the series examines the benefits of trading Emini futures relative to Forex, stocks, commodities, and bonds. This section highlights several positive attributes that render Emini S&P 500 futures a suitable market for both novice and professional traders.
Read Part 2: 8 Advantages of Trading Emini S&P 500 Futures
Earning Profits as an Emini Trader
Part 3 of the series delves into the mechanics of generating income through day trading. It begins by addressing critical elements of a trading account, including leverage and margin requirements set by brokers. The section then moves on to explore examples of long (buy) and short (sell) trades, illustrating how profits or losses occur in these transactions, and discusses associated costs like commissions. The final part provides an insight into the potential earnings achievable upon attaining consistent profitability in trading.
Read Part 3: How Money is Made as an Emini Day Trader
Essentials for Beginning Day Trading
Part 4 of the Emini Day Trading series focuses on the prerequisites for aspiring traders to commence active day trading. It encompasses selecting a reliable broker, setting up a charting platform, criteria for choosing an effective trading computer, and underscores the significance of acquiring a robust trading education and system to ensure preparedness before entering the market.
Read Part 4: What You Need to Start Day Trading
Conclusion
This detailed resource offers a thorough grounding for newcomers to the world of Emini day trading, addressing the fundamental components required for proficiency. It dissects the complexities of the Emini S&P 500 futures, underlining their distinctive advantages over alternative financial instruments, thereby offering crucial insights for traders of varying experience. The content dives into the tactical elements of profit generation, explicating the nuances of account management, adept execution of trades, and cost control. It also primes new entrants with vital tools and knowledge, underscoring the importance of being well-prepared and methodically planned. This resource is indispensable, furnishing traders with the necessary abilities and tactics to navigate and triumph in the dynamic and rigorous arena of Emini day trading.
