Whats the best training program to learn futures trading? - Trading Reviews and Vendors | futures io social day trading
futures io futures trading


Whats the best training program to learn futures trading?
Updated: Views / Replies:6,050 / 13
Created: by anthony667 Attachments:0

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 
Thread Tools Search this Thread
 

Whats the best training program to learn futures trading?

  #1 (permalink)
Trading Apprentice
Franklin Lakes NJ
 
Futures Experience: Beginner
Platform: Ninjatrader
Favorite Futures: ES
 
Posts: 16 since Feb 2015
Thanks: 7 given, 4 received

Whats the best training program to learn futures trading?

I'm new to futures and wanted to ask if there is any advice for the best education program to learn to trade? I've heard of Emni academy($5k) and The daytrading academy($5k), and the online trading academy (Priciest 10k+). I dont want to waste money on scams or expensive and useless indicator software. I understand the value of coaching and an education, advice from pro traders on how to get jump started?

Reply With Quote
 
  #2 (permalink)
Quick Summary
Quick Summary Post

Quick Summary is created and edited by users like you... Add FAQ's, Links and other Relevant Information by clicking the edit button in the lower right hand corner of this message.

 
  #3 (permalink)
Elite Member
virginia
 
Futures Experience: Intermediate
Platform: ninja
Favorite Futures: ES
 
cory's Avatar
 
Posts: 5,188 since Jun 2009
Thanks: 626 given, 6,259 received


take 150 from that 5K, buy a membership, read all threads, watch all webinares and suddenly you realize you dont need that course (result: save 4850, now that is a good investment).

Reply With Quote
The following 3 users say Thank You to cory for this post:
 
  #4 (permalink)
Elite Member
Stamford, CT
 
Futures Experience: Advanced
Platform: Ninja
Favorite Futures: Crude
 
Posts: 8 since Nov 2010
Thanks: 5 given, 1 received

In my humble opinion, if I were just starting out again I would specifically spend my time on learning price action and nothing else. Learn to trade off of 1 chart add no more than a moving average such as a 20 ema for a frame of reference. It is possible to become very successful trading exclusively this way. There are educators out there that teach this and are reasonably priced. There is also a lot of free price action information and webinars on Big Mike's. Such as Al Brooks, Vince Virgil, PAT and many others.

Understand, recognize and learn how to draw trend lines, channels, support and resistance, consolidation areas, measured moves, symmetry and basic price action patterns. I suggest your trading time frame not be too fast and as beginner give yourself a little wider stops then you might be comfortable with and trade with less size (Sim to start).

Learn to be patient and let the trade come to you. Once you start to learn more about yourself focus on trading methods that are best for your psychology and not what you think will make the most money.

Be open minded to trade any market. Many traders in the beginning think the emini S&P is what they should trade but in the end they realize their personality type fits the price action of crude oil for example.

Once you learn price action in its purest form I think you can then begin to expand your knowledge on other methods and trading tools. I would suggest auction theory and understanding the concepts of market and volume profile. I would also watch every FT71 webinar on Big Mikes.

Reply With Quote
The following 9 users say Thank You to stevew18 for this post:
 
  #5 (permalink)
Elite Member
hollywood
 
Futures Experience: Intermediate
Platform: thinkorswim
Broker/Data: TD
Favorite Futures: futures
 
lsubeano's Avatar
 
Posts: 194 since Jun 2010
Thanks: 63 given, 149 received


anthony667 View Post
I'm new to futures and wanted to ask if there is any advice for the best education program to learn to trade? I've heard of Emni academy($5k) and The daytrading academy($5k), and the online trading academy (Priciest 10k+). I dont want to waste money on scams or expensive and useless indicator software. I understand the value of coaching and an education, advice from pro traders on how to get jump started?

anthony.....


RUN! lol

but seriously.....you need a full approach to trading and a system or strategy is a quick way to go broke. you have to learn how to trade if you want to have a chance!

...but if you are going to spend $

I'd say:

1) work privately for 3 days or do seminar and then do a 1 day private (once you've gone live a few months) with Joe Ross

2)MACKs priceaction trading is by far worth $100....by far! (did I say by far!) open an account, trade a 10k sim with 1 contract (yes I said 1) and when you can double it, go live

3)lance beggs ebook is very concise and you will have to read it several times....but don't rush thru it!

and of course spend the $ on elite membership here....

don't fall into a newbie trap!

don't go live until you learn how to trade!
don't quit a job and trade full-time
and please give up right now on your idea that there's a holy grail out there... there is none so get over it.

...and on that note while you're doing that

a)create a healthy lifestyle in all areas of you life

b)reduce stress and create a stress management routine

c)live in the moment and enjoy every moment you have and be content with what the market gives you


never lean on the side of greed!

once you master all those then'll you'll be ok!

Reply With Quote
The following 9 users say Thank You to lsubeano for this post:
 
  #6 (permalink)
Elite Member
Sarasota FL
 
Futures Experience: Intermediate
Platform: NinjaTrader, Sierra Chart
Favorite Futures: ES
 
Posts: 3,606 since Jan 2013
Thanks: 26,583 given, 11,011 received


anthony667 View Post
I'm new to futures and wanted to ask if there is any advice for the best education program to learn to trade? I've heard of Emni academy($5k) and The daytrading academy($5k), and the online trading academy (Priciest 10k+). I dont want to waste money on scams or expensive and useless indicator software. I understand the value of coaching and an education, advice from pro traders on how to get jump started?

Even if something like these is not a scam, and even if it actually could work, it still is going to be useless to you. You are simply going to have to find your own way.

(And, by the way, anything where they want that kind of money is a scam, at best.)

You are just going to have to dig in and find what works for you. That means understand the markets and trading, and understand yourself, all hard stuff. There are a lot of people who want your money, and who know that people who are interested in trading may be willing, and able, to pay it. Question: if their stuff is all that good, why would they be willing to sell it to you? Why would they not just use it and make millions themselves, instead of getting money from you? Hmmm.... Answer: your money is much easier for them to get.

Use the resources of futures.io (formerly BMT) wisely, read the posts and consider the much lesser amount of an Elite membership, which gives wider access. Whatever you do, don't expect anyone to give you "the answer." If it were that easy, everyone would be rich.

And, good luck with the journey.

Bob.

Reply With Quote
The following 3 users say Thank You to bobwest for this post:
 
  #7 (permalink)
Elite Member
Sarasota FL
 
Futures Experience: Intermediate
Platform: NinjaTrader, Sierra Chart
Favorite Futures: ES
 
Posts: 3,606 since Jan 2013
Thanks: 26,583 given, 11,011 received


anthony667 View Post
I'm new to futures and wanted to ask if there is any advice for the best education program to learn to trade? I've heard of Emni academy($5k) and The daytrading academy($5k), and the online trading academy (Priciest 10k+). I dont want to waste money on scams or expensive and useless indicator software. I understand the value of coaching and an education, advice from pro traders on how to get jump started?

Although so far, most of the feedback you've gotten has been negative, you could look at vendor reviews for any that interest you. The Search function at the top right of the page is a good tool; go to Advanced Search, put in the name of the outfit and select "Vendors and Product Reviews" as the forum to search.

For instance:

https://futures.io/vendors-product-reviews/4733-has-anyone-tried-eminiacademy-com.html Latest post is from October 2014.

https://futures.io/vendors-product-reviews/26082-day-trading-academy-marcello-arrambide-www-thedaytradingacademy-com.html Latest post Sept. 2014.

https://futures.io/vendors-product-reviews/25769-online-trading-academy-www-tradingacademy-com.html Latest post Nov. 2014.

Learning to search is a good idea. You'll get a lot of stuff that way here.

Most of the vendor reviews that I have read, which are not many, are not too positive. But you do get real-life feedback from people who have either tried them or at least looked at them, which can be valuable.

Bob.

Reply With Quote
 
  #8 (permalink)
Capt. Johnny Jameson
Fort Lauderdale
 
Futures Experience: None
Platform: NinjaTrader 7
Broker/Data: CQG
Favorite Futures: ES
 
Devil Man's Avatar
 
Posts: 592 since Oct 2009
Thanks: 1,726 given, 790 received
Forum Reputation: Legendary

here:


anthony667 View Post
I'm new to futures and wanted to ask if there is any advice for the best education program to learn to trade? I've heard of Emni academy($5k) and The daytrading academy($5k), and the online trading academy (Priciest 10k+). I dont want to waste money on scams or expensive and useless indicator software. I understand the value of coaching and an education, advice from pro traders on how to get jump started?

watch this:
https://futures.io/webinars/jan14_2012/where_to_start_part_1/

and this:
https://futures.io/webinars/mar19_2011/afternoon_with_big_mike/

....and become an elite member.

Johnny



_

Reply With Quote
The following 4 users say Thank You to Devil Man for this post:
 
  #9 (permalink)
Normal Wizard
Sydney, NSW, Australia
 
Futures Experience: Intermediate
Platform: NinjaTrader with Jigsaw DOM
Favorite Futures: CL, 6E, ES, Piano
 
TickedOff's Avatar
 
Posts: 191 since Nov 2014
Thanks: 163 given, 195 received


stevew18 View Post
In my humble opinion, if I were just starting out again I would specifically spend my time on learning price action and nothing else. Learn to trade off of 1 chart add no more than a moving average such as a 20 ema for a frame of reference. It is possible to become very successful trading exclusively this way. There are educators out there that teach this and are reasonably priced. There is also a lot of free price action information and webinars on Big Mike's. Such as Al Brooks, Vince Virgil, PAT and many others.

Understand, recognize and learn how to draw trend lines, channels, support and resistance, consolidation areas, measured moves, symmetry and basic price action patterns. I suggest your trading time frame not be too fast and as beginner give yourself a little wider stops then you might be comfortable with and trade with less size (Sim to start).

Learn to be patient and let the trade come to you. Once you start to learn more about yourself focus on trading methods that are best for your psychology and not what you think will make the most money.

Be open minded to trade any market. Many traders in the beginning think the emini S&P is what they should trade but in the end they realize their personality type fits the price action of crude oil for example.

Once you learn price action in its purest form I think you can then begin to expand your knowledge on other methods and trading tools. I would suggest auction theory and understanding the concepts of market and volume profile. I would also watch every FT71 webinar on Big Mikes.

I back steve 100%. When I first started out I had things like RSI up and after a while I just didnt use them at all, I didnt think they gave me an edge. I then progressed to pure price action, trading off s/r and using volumes and chart developments to get an idea of what the market was doing. Something I am now focusing is using order flow using the jigsaw add-on for ninjatrader, I think this gives you so much more information and feel compared to if you solely look at charts. I recommend you check out the jigsaw channel on youtube, he explains order flow concepts quite well. You are looking for aggressive buying/selling (lots of market orders in one direction) and also absorption, how much heat the bids and offers are willing to take at each price. Theres a drill I did during an evaluation period for a prop firm called cut and reverse, where you have to stay net long or short. This is excellent because you are in the market all the time (this helps me focus and stay alert, it can be wearing but I loved it) and its hard for you to develop a bias because you need to look for opportunities on both sides. In addition to this, I would recommend trading without charts, just looking at the DOM, that way you have no preconceived notions of how price should move, and you can purely focus on the orderflow. I am currently doing this because many times I am entering too aggressively into the market with limit orders thinking I know price will do this or that when in reality I cannot know this, I do think there are times where this is appropriate (at significant levels) but I do it way too much. Note that you need a good DOM like the one on XTrader, OEC trader or the jigsaw DOM for ninjatrader, you need to be able to see size printing into the bids and offers.

Also, no matter what your method is I think psychology is very important (maybe not so much if you build systems) because it will influence how you trade. There is an excellent book called the daily trading coach, gives a lot of useful insights. And you probably hear everyone say, keep a journal. This is so key, take note of how you are feeling about certain trades, write down your thinking process, keep a record of your p/l each day. Remember the goal is to improve your trading, when you start out your p/l will mostly be in the red (unless you are one of the very rare guys who picks it up trading pretty quickly), so you need to focus on process goals and reward yourself for things like sticking to your rules. Maybe you hit your daily loss limit and you stop trading. Frame that as a positive - it is a show of discipline. Or you have problems overtrading so you become more selective with your trades, also a positive. No matter how much you know or how much skill you have, if you dont have a sound mindset you will keep sabotaging yourself. My anxiety to perform and put on trades has led to a lot of trouble with me putting on mediocre trades and playing scared, journaling and becoming aware of thought patterns and feelings associated with poor trading as well as good trading has given me more control over my pyschology because I can then take steps to address issues as they arise (e.g. slowing and deepening breath, taking a quick break from the screen, to reduce anxiety).

I should also add that you need to find something that works and makes sense to you. I enjoy scalping thin, fast moving markets (oil, nasdaq, gold) because it suits my personality and skill set. Some guys prefer slower markets (e-mini snp moves at a moderate pace, treasuries are very liquid and move quite slowly). Other guys dont trade directionally they spread trade, and some guys arent great at discretionary trading but are great at building trading systems. While there is no holy grail, perhaps there are personal holy grails.

Understanding yourself is just as important as understanding markets.

Last edited by TickedOff; February 8th, 2015 at 11:14 PM.
Reply With Quote
The following user says Thank You to TickedOff for this post:
 
  #10 (permalink)
Elite Member
Fukuoka-shi, Fukuoka-ken, Japan
 
Futures Experience: None
Platform: NinjaTrader
Favorite Futures: Futures
 
Posts: 46 since Sep 2013
Thanks: 43 given, 20 received


I always suggest reading this thread before buying any products/programs.

https://futures.io/vendors-product-reviews/12929-what-programs-have-you-bought-confess.html

Reply With Quote

Reply



futures io > > > Whats the best training program to learn futures trading?

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)
 

RandBots: AutoTrading Bots to diversify your trading

Oct 24
 

TopstepTrader: Profiting Without Risking Your Own Money

Oct 26

Building Open Source Indicators for NT8 w/Fat Tails @ Lizard Indicators

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Futures Training Program "OpenTrader" www.opentrader.com review Big Mike Trading Reviews and Vendors 151 July 14th, 2017 11:09 AM
Best resources to learn futures trading jonesy Traders Hideout 5 November 3rd, 2012 09:54 AM
Learn futures trading vegasfoster Beginners and Introductions 8 February 12th, 2012 01:47 PM
ES futures program trading Dojiwarrior Traders Hideout 1 February 10th, 2012 09:31 PM
Broad Street Proprietary Training Program/Fully Backed (www.broadstreettrading.com) gulabv Trading Reviews and Vendors 6 December 10th, 2010 11:25 AM


All times are GMT -4. The time now is 01:04 AM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-10-21 in 0.17 seconds with 37 queries on phoenix via your IP 54.162.152.232