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I am new to the futures market and still learning. I have been trading the forex market for a few years but decided to make the jump to futures. Can someone point me to some GOOD price action training for the futures market? Also, is Ninja Trader the preferred trading platform?
I traded Forex for about 13 years before switching to futures. I then trades futures currencies for a bit because of my long dated relationship with them.
I wouldn't sweat the difference to much when it comes to price action. My personal experience is that Futures holds on to price action better. Currencies are very good at the fake out " wash and rinse ".
The hardest thing for me was to learn what contracts months were and the symbols. How each is leveraged. All available here in the forums.
Was reading in the past from time to time in this place, thought now to become a member and here I am. I am retired and do trading any more only part time. This even only when I have time or feel to do so.
In my life I have done and tried different kind of strategies. Finally I have landed with "Credit Spreads" and "Long Straddles". "Credit Spreads" are not much time consuming and if needed can easily be repaired with simple steps.
A bit more complicate is the work with "Long Straddles". I convert them, at the best moment I can catch, into other strategies by leg in with short or long futures. This makes it then on the choose n side in a "Long Synthetic Call or Put". When working with this kind of strategies I need to do much more work compare to the "Credit Spreads". More work means on the other side some times more profit, but not always as every experienced trader here knows.
An other point is the volatility in the market traded, as this kind of strategies "Straddles" and later leg in, work best with nice moves in any market. "Credit Spreads" on the other hand just need patient until the options are expired. There are, of course, more specific points to consider as in every other way of doing a trade. But this here is an introduction thread and not a trading plan thread.
The question may rise: Why those strategies and not just jump in and out with any stock or futures with any simple stop loss?
There are a few answers to this question. My most important point of view and concern is called: Margin. The margin for "Credit Spreads" is in general very low and the margins for "Synthetic Futures" positions, however they are placed in the market, are significant lower compare to naked future positions.
Hi everyone I’m new hear. Been trading the stock market for almost a year but I want to say trade so I’m turning to futures because I work a full time job. I have already blown a futures account once and I find dealing with emotions is the hardest part about trading. I am having a difficult time finding the right strategy and plan for me.
