How to Trade Futures — Transcript

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1. 0:00if Forex Trading is not for you you
2. 0:02might want to consider Futures Trading
3. 0:04you can actually trade Futures with a
4. 0:07smaller account than you can with Forex
5. 0:09welcome back to the channel everybody my
6. 0:10name is Ry and this is the moving
7. 0:12average a show where we discuss
8. 0:13everything day trading to keep you
9. 0:15profitable Futures Trading is currently
10. 0:17rising in popularity like dramatically
11. 0:20most of the live streamers that you see
12. 0:21on YouTube trading they're doing Futures
13. 0:24now Futures Trading is a whole another
14. 0:27ball game from Forex they measure
15. 0:29movement in ticks versus Pips contract
16. 0:32sizes are completely different even the
17. 0:34trading platforms are completely
18. 0:35different so in order these are the
19. 0:37things that I suggest you need to learn
20. 0:39about Futures Trading in order to start
21. 0:41Futures Trading you need to First learn
22. 0:43about the Futures exchanges which ones
23. 0:45are available to the public and which
24. 0:47Commodities and assets and things that
25. 0:49you can trade in Futures whether it's
26. 0:51Commodities like crude oil or the s&p500
27. 0:54then you need to learn all about
28. 0:56contract sizing because they use micro
29. 0:59mini e micro e mini contracts the
30. 1:02position sizing and contract sizes of
31. 1:04each different asset class is vast and
32. 1:07you need to understand how that works
33. 1:09especially if you're used to Forex
34. 1:11Trading or trading indices on a Forex
35. 1:12broker you need to understand that
36. 1:14they're different as well as that you
37. 1:15need to understand the risk management
38. 1:17even though you can trade with a smaller
39. 1:19account and you can make more money it
40. 1:21is higher risk so you need to understand
41. 1:24your risk management just because you
42. 1:26can do something doesn't mean that you
43. 1:28should for example the margin
44. 1:30requirements to make a trade with an e-
45. 1:32mini Futures Contract even though you
46. 1:35have the account balance to make that
47. 1:36trade might not be a good idea to
48. 1:38actually place it so you might consider
49. 1:40using an e micro contract now with
50. 1:42Futures Trading you can also use prop
51. 1:45firms as well as your personal account
52. 1:47so you need to understand which
53. 1:48companies are best when it comes to prop
54. 1:49firms if you want to go that route or
55. 1:51how to safely mitigate your risk when it
56. 1:53comes to your personal account now the
57. 1:55two biggest trading platforms when it
58. 1:56comes to Futures is going to be ninja
59. 1:58Trader and trade of8 as well as trading
60. 2:00view now for some people this is going
61. 2:02to be a huge value added to what you
62. 2:05already have but within this you're
63. 2:06going to learn all the advantages of
64. 2:08trading Futures versus Forex including
65. 2:10and not limited to the tax advantages
66. 2:12all the different exchanges like the
67. 2:14Chicago mertile Exchange the CME and for
68. 2:16those of you International the
69. 2:17Intercontinental Exchange ice the hours
70. 2:20in which you can trade are going to be
71. 2:22different they have limited hours and
72. 2:24sometimes you can hold overnight
73. 2:25positions but you have to keep in mind
74. 2:26the overnight margins are higher
75. 2:28requirements contract rollovers again
76. 2:31micro and mini and E micro and e- mini
77. 2:33contracts the fact that Futures use
78. 2:35ticks and points and not Pips how that's
79. 2:37all broken down all of that information
80. 2:40is in the new Futures Trading course on
81. 2:42the trading floor and like I said before
82. 2:44those of you that are already in the
83. 2:46trading floor course you get all of that
84. 2:48as an added benefit which just simply
85. 2:50increases the value of what you already
86. 2:52have for those of you that aren't signed
87. 2:54up yet knowing that inside you can learn
88. 2:57ICT smart money Concepts price action
89. 2:59all the beginner intermediate and
90. 3:01advanced trading material as well as
91. 3:03having five back tested custom
92. 3:05indicators to use for trading all of the
93. 3:07resources like the trading journal the
94. 3:08risk calculator as well as being a part
95. 3:10of the community asking me and other
96. 3:12profitable Traders questions that you
97. 3:14have about your day trading Journey or
98. 3:16specific questions about trade setups in
99. 3:17the Discord Community all of that
100. 3:19available to you for one low monthly
101. 3:22membership price so if you want to take
102. 3:24your trading seriously then you should
103. 3:25sign up if you want to learn everything
104. 3:27about Futures Trading you should
105. 3:28definitely sign up if two years time you
106. 3:31want to be in the same position that
107. 3:32you're at now just keep doing what
108. 3:34you're doing it's fine some people need
109. 3:35to suffer through their own mistakes and
110. 3:37learn the hard way