I'm a newbie to this site. I have traded stocks and options for a bit and looking to start trading futures (e-minis for starters). I have started to look at training resources for futures, (you tube and OX) also checked out a shadow traders webinar tonight. When I was googling for shadow traders reviews I discovered "Big Mike's".
So my question is, as I looked through some threads on this site I saw some info about Perry who had some tools similar to shadow trader software - can anyone point me to this software. Question 2, can anyone recommend some training materials (books, website, etc) that helped them to quickly immerse themselves into the "futures world"?
Thanks in advance and look forward to contributing this site.
As a newbie, to get lot of experience (i.e. screen time) is the most important thing... do you have the time to watch the market for a year or two?
If the answer is no, you might want to give RapidSP a shot. Google it. Basically, you can watch price action at various speeds for the most commonly traded futures contracts (ES, YM, NQ...etc.) for every day back to about year 2000 or so.
So if you like 5 min charts, instead of watching the screen all day, you load the program, set the speed and off you go. You can pause at any moment. You can get through the day as slow or as fast as you like, pausing at critical junctures in order to examine what's going on. You can also place paper trades.
This was you can cram years of screen time into just a few months. It's not the same, but it's the second best.
Now, on the downside, the software is crappy in lot of ways. They have a good product, but it has some very annoying quirks. It's a neat toy though.
PS I should add that I am not a vendor and don't get anything if you buy it.
"...the degree to which you think you know, assume you know, or in any way need to know what is going to happen next, is equal to the degree to which you will fail as a trader." - Mark Douglas
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