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Day Trading Futures: Pros and Cons

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The Pros

Day Trading is great because all trades are completed when the market closes for the day.

Futures usually open at a price that is very different from where they end. Volatility means you can fall asleep at night in a winning position, and wake up at a loss. Day Trading provides rest from this risk. Literal rest. A good nights sleep.

There is no overnight risk with Day Trading, which is one of it’s biggest Pros.

There is a lot to learn when entering the trading world.

Day Trading is like an accelerated learning course in trading. You’ll make more trades in a day than position traders. This will help you learn quickly what is necessary for success. You’ll

The Cons

It takes great discipline to day trade. It can be vey difficult to stay the course and not over reach. Many who try out day trading find themselves overreaching and over trading.

Commissions can also be an issue when Day Trading. It is very possible to break even, but have a big commission bill at the end of the year. To make money day trading you have to make many winning trades.

A Word On Volatility

Short term trading can outweigh long term investing in certain situations. Volatility of the market will determine which approach is most favorable.

In a highly volatile market, prices are moving up and down frantically. This is what you want to look for. The high volatility allows you to buy and sell for profit within a days time. A stagnant market is a no go for day traders.

Day Trading takes a lot of preparation, education and discipline. It can me really difficult to make money Day Trading. It is crucial that you treat it seriously and dedicate proper time.

However, if you do your research and map out a game plan, Day Trading can be a very rewarding.

Huge Mistakes Made When Choosing a Day Trading System | Part Two

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.Mistake: No Specific Way to Replicate Results

The Begging Trader’s Day Trading Indicators

If you’ve been exposed to trading for less than two years, most still consider you a “begging trader.” Every trader has made their way through this awkward phase. It can almost be considered a right-of-passage.

But while each trader has to go through it, each trader also has to overcome it.

Success by Day Trading Indicators

If you currently fall into this “begging” category, please understand that merely signing up to use trading software is not what will help you find success moving forward. Simply knowing basic indicators and how to buy and sell does not make you a professional trader. While this software can be a vital part of trading strategies, it should never make up the entire strategy on its own.

What type of returns do you expect to see if you’re only using free indicators and trading tips? Instead, these resources are best used in addition to other resources that make up a trader’s personal strategy as a whole.

Different Types of Day Trading Indicators

As you begin your search to find the best set of trading indicators, you’ll likely find only a few reputable companies offering proficient systems compatible with modern, updated charting software. Some of these companies even customize their indicator software for individual customers.

It’s important to remember that while this sounds like a perfect scenario, success can never be guaranteed. That being said, these companies can at least help you come closer to finding a way to replicate results.

Free or “Lagging” Day Trading Indicators

There are countless trading companies offering basic indicators that have been around for a long time. These include Moving Average, MACD, Bollinger Bands and Fibonacci Retracements.

However, advanced traders consider these to be “lagging” indicators due to how easily it is to take advantage of traders who use them.

Another issue with these “lagging” indicators is a slower response time to the signal. This is because many advanced, savvy traders have built upon them to create and innovate modern methods to stay ahead in the game.

This can be frustrating for “begging traders,” but the truth is that even with custom-designed indicators, replication is still a distance off. Traders may see consistent success, but it’s near impossible to develop indicators that can replicate specific trades based on specific market conditions.

The true success of a trading system can be measured and replicated only to the point that others are willing to test its validity.

Fibonacci and Retracement Day Trading Indicators

Fibonacci’s retracement principles are now common among traders. These principles have been rebranded often for sales, but the main function remains the same.

Some of these attempts to rebrand include Pivot Point, Prediction Points, Sing Marks, Buy/Sell Levels, Trade Levels, etc. Watch out for these old and free techniques rebranded as modern when developing your own system.

All warnings aside, Fibonacci’s tools can greatly benefit traders if used correctly and in addition to other resources.

There are enough uneducated traders willing to “donate” their money to the market. Let them.

Other Enticing, Potentially Destructive Trade Tools

Some traders use trading announcements as the deciding factor on each trade. Making trades based on the assumed market reaction to currently unfolding events is likely the oldest trading strategy there is. However, it may also be the most dangerous.

The issue with trading announcements is inconsistency and unpredictability. Many have witnessed announcements with similar context to past announcements, but significantly different results.

Some of these announcements can be traded on their own (slam dunks). But remember that it can take years before a trader is experienced enough to differentiate between market reactions.

Just like other tools, announcements can be beneficial when used in addition to their other indicators. Making trades based solely on these announcements can pay off, but the numbers are against anyone making the attempt.

Trade Systems Based on Results

It is perhaps most difficult to find a trading system based on actual results. You may find systems that work with announcements and others that work with indicators. The question to ask yourself is if they are making money.

This question may be harder for you to answer than you realize. It is best to take testimonials with a grain of salt. There are some outlying trading companies that even claim to base their trades on the moon’s gravitational pull. Even these companies will have testimonials from “clients” who claim the system works for everyone.

It is likely you’ll experience at least some success in each system you encounter. This success is common and hard to take with a grain of salt. But to truly avoid the scams, make sure to do your research. Give each system you experience the time and preparation necessary to determine actual credibility.

Day Trade FEED’s Day Trading Indicators

Here at Day Trade FEED, we use a specific set of indicators in our day trading system. After years of research and trial/error, we’ve incorporated Kevin Jones Day Trading Indicators into our trading system.

Traders have been using these indicators for more than 20 years, and so far they’ve worked perfectly for us in our trading.

If you’d like to learn more about Kevin Jones Day Trading Indicators or how they work in our trading system, contact us!

This article is only part two in a series aimed at helping day traders understand what mistakes to avoid. Subscribe for future editions.

    Man Mistakenly Makes $11.6 Million | DayTradeFEED.com

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    Man Thinks He’s Day Trading Futures Demo Account

    Makes $11.6 Million Real Profit

    Above all, the following story shows us how emotion can affect us when we’re day trading futures. Please take this with a grain of salt as not all results are created equal…

    Harouna Traore was learning everything about day trading futures. Part of his training included practice trading a demo account using real market data. He opened a $23,000 account with British brokerage firm Valbury Capital, and began “practicing.”

    Day Trading Futures Without Fear

    Later that night, Traore went home to continue learning about what it’s like to day trade futures on a demo account. Like many beginners do, he went on to push the limits of the trading software.

    After all was said and done, he had lost more than a million dollars.

    Reality Sets In

    After finding himself more than one million dollars in the hole, Traore realized he wasn’t using a day trading futures demo account. In contrast, his account was very real, and he was in a pickle.

    “I could only think of my family,” Traore said. “I was stressed.”

    But instead of alerting the authorities or the company he was trading with, Traore decided to continue trading to see what he could do.

    (Dis)Advantages of Day Trading Futures

    Traore began day trading futures, and eventually found himself building up a $5 billion position in U.S. stock futures. He went on to turn his loss into a profit of about $11.6 million.

    At this point, he called Valbury Capital, who immediately claimed breach of contract. His winnings were declared void immediately.

    Traore is currently suing Valbury Capital for the $11.6 million. The case is ongoing and may move to France in the coming months.

    Learn More About Day Trade FEED

    Interested in learning more about day trading? CLICK HERE!

    Want to know if you have what it takes to day trade? CLICK HERE!

    Find out how much we make day trading by checking out our day trading results!

    Have a question for Day Trade FEED? Contact us!

    Day Trading Results: June 15 – 30, 2018 | Day Trade FEED

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    Forex and Futures Day Trading Results | Day Trade FEED

    Before we show you our day trading results, we always make sure to explain exactly which trades these results are coming from.

    As we trade throughout the day, we record our trade results to post later on. These trade results come from all kinds of different strategies, including ONIT trades, SAT trades and normal daily trading.

    When we say “ONIT,” we mean the Overnight Impact Trade. Similarly, when we say “SAT,” we mean the Sunday Afternoon Day Trade.

    The ONIT is made Monday through Thursday, usually around 3:00 p.m. MST, and the SAT is a similar trade, but only made on Sunday afternoons. The trades are forex trades, and are placed on the EUR USD. Each trader simply sets the trade and forgets the trade each day, and watches the profits roll in.

    Many traders swear by these trades, and this is one of the only places you can find it!

    To learn more about this daily trade, contact us!

    Now for Day Trade FEED’s day trading results…

    Day Trading Results: June 15 – 30, 2018 | Day Trade FEED

    Day Trade FEED’s Day Trading Results – June 15, 2018

    Daily Trades: 3
    Pips Per Trade: 10
    Total Pips: 30
    Lot Size: 0.50
    TOTAL PROFIT: $150

    Placing these Overnight Impact Day Trades, Sunday Afternoon Day Trades or regular day-to-day trades would have made you $150 during this time.

    Day Trade FEED’s Forex Day Trading Results – June 18, 2018

    Daily Trades: 5
    Pips Per Trade: 10
    Total Pips: 50
    Lot Size: 0.50
    TOTAL PROFIT: $250

    Placing these Overnight Impact Day Trades, Sunday Afternoon Day Trades or regular day-to-day trades would have made you $400 during the final two weeks of June.

    Day Trade FEED’s Forex Day Trading Results – June 19, 2018

    Daily Trades: 5
    Pips Per Trade: 10
    Total Pips: 50
    Lot Size: 0.50
    TOTAL PROFIT: $250

    Placing these Overnight Impact Day Trades, Sunday Afternoon Day Trades or regular day-to-day trades would have made you $650 during the final two weeks of the month of June.

    Day Trade FEED’s Forex Day Trading Results – June 20, 2018

    Daily Trades: 5
    Pips Per Trade: 10
    Total Pips: 50
    Lot Size: 0.50
    TOTAL PROFIT: $250

    Placing these Overnight Impact Day Trades, Sunday Afternoon Day Trades or regular day-to-day trades would have made you $900 in the final two weeks of June.

    Day Trade FEED’s Forex Day Trading Results – June 25, 2018

     

    Daily Trades: 5
    Pips Per Trade: 10
    Total Pips: 50
    Lot Size: 0.50
    TOTAL PROFIT: $250

    Placing these Overnight Impact Day Trades, Sunday Afternoon Day Trades or regular day-to-day trades would have made you $1150 in the final two weeks of June.

    In conclusion…

    We are Day Trading, Forex and Futures specialists, and love all things day trading! You can find more information on day trading education systems by contacting us!

    “IMPORTANT NOTE: Trading foreign exchange or futures on margin carries a high level of risk. It may not be suitable for all investors. The high degree of leverage can work against you. It can also work for you. Before deciding to trade foreign exchange or futures, you should carefully consider your investment objectives. Also check your  level  of  experience and risk appetite. The  possibility exists that you can lose some or all of your initial  investment. You should not invest money that you can’t afford to lose. You should be aware of all the risks associated with foreign exchange and futures trading. Seek advice from an independent financial adviser if you have any doubts or questions. Past trading history does not indicate future trading success.”

    Day Trading Futures – Gold, Copper and Silver

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    Day Trading Futures | DayTradeFEED.com

    Update on Gold, Copper and Silver Trading

    Above all, what happened last week should be seen as an example of how trade disputes can affect day trading futures.

    The annual meeting between leaders of the Group of Seven industrialized nations began in Canada last week (G-7 summit). Prior to the meeting, President Donald Trump decided to call out trade agreements between France, Canada and the US. This led to serious tension at the summit. As a result, President Trump has decided to leave the gathering early.

    “The six countries of the G-7 without the United States are a bigger market taken together than the American market. There will be no world hegemony if we know how to organize ourselves. And we don’t want there to be one,” French President Emmanuel Macron said in Ottawa on Thursday with Canadian Prime Minister Justin Trudeau by his side.

    In addition, Trump is also currently feuding over trade with China and Mexico, the US’s neighboring country to the south. Due to this feuding, feelings around the Gold, Silver and Copper Futures markets wasn’t as chipper as many hoped.

    How Do Political Disputes Affect Day Trading Futures?

    These political disagreements can be a nightmare for day trading futures, especially with someone in charge who has a tendency to publicly attack other nations and their leadership so quickly. This can cause big swings in the market that can be hard to avoid and get out of when going against you.

    As a result of this volatility, the price of gold has actually increased, holding on to a .2% increase during the week. This is typical during political turmoil, as many rush to obtain assets such as precious metals as a way of avoiding any type of recession or decreased trading.

    “While risk aversion created from heightened trade concerns is positive for gold, expectations over higher U.S. interest rates are likely to threaten upside gains,” said Lukman Otunuga, research analyst at FXTM. “With the [Federal Reserve] expected to announce another interest rate increase next week, zero-yielding gold may face some headwinds down the road.”

    Above all, make sure you pay attention to a specific resistance level if you’re day trading futures. Chintan Karnani, chief market analyst at Insignia Consultants, believe that resistance level lies at $1,312.60. If the market breaks that level, look for it to continue trending upward.

    Day Trading Futures with DayTradeFEED.com

    Are you looking to retire but aren’t sure if you can afford it? Want to see the world, but can’t quit your day job? Do you have a child heading off to college soon and need to find a way to supplement your income in order to handle it?

    Day trading futures could be exactly what you’re looking for. The reality is that there’s not a lot of other options as ideal for you and/or your business.

    Traders can make money spending as little as one or two hours per day day trading futures. Fortunately, you can learn how to do the same!

    Get Started Day Trading Futures

    If you’re still reading this blog post, chances are you’re pretty interested in learning to day trade futures.

    Fortunately, there’s an easy way to get your questions answered and find all the information you need. Simply contact us, and we’ll have a vetted and accredited representative reach out.

    Day Trading Futures – Still Not Sure?

    Still not sure you’re interested in learning more about day trading futures? Check out our Should I Day Trade? page to see if you have what it takes to get in the game!

    Day trading comes with some unique and prevalent risks attached to it. At DayTradeFEED.com, we want to make sure you have all the resources you need to be successful and see profits.

    Please email us at info@DayTradeFEED.com with any questions or comments!

     

     

     

    Day Trading Futures | Market News Update

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    Futures Market Updates | DayTradeFEED.com

    Issues with North Korea

    Different news, events and build stronger biceps political rumors can affect your trades if you are day trading futures. This has been apparent recently as talks between the United States and North Korea have been in the focus of the American consumers.

    To give a little history behind this, North Korea has been more or less against coming anywhere near talks with leaders from the United States without a weapon readily available. This all changed in the past months, as President Donald Trump negotiated a meeting with North Korean leader Kim Jong Un, which was set for the 12th of next month.

    Trump Cancels the June 12th Summit

    This summit between the two nations (with South Korea in attendance as well) was cancelled on Thursday, May 24. President Trump announced this via his twitter feed:

    “I have decided to terminate the planned Summit in Singapore on June 12th. While many things can happen and a great opportunity lies ahead potentially, I believe that this is a tremendous setback for North Korea and indeed a setback for the world…,” Trump said.

    While the announcement came as a shock to the entire world, there were warm and positive feelings to follow.

    “We express our willingness to sit down face-to-face with the U.S. and resolve issues anytime and in any format,” said Kim Kye Gwan, a senior North Korea foreign ministry official, in a statement published by North Korea’s official state media.

    Trump followed his tweet by saying he was glad to hear a positive message from North Korea and looked forward to meeting in a summit setting in the near future.

    “Very good news to receive the warm and productive statement from North Korea. We will soon see where it will lead, hopefully to long and enduring prosperity and peace. Only time (and talent) will tell!” Trump tweeted.

    How does this affect those who are day trading futures?

    Just like any type of announcement made by a high-ranking government official, Trump’s tweet sent stocks plummeting on Thursday. However, this down trend retraced a bit as feelings didn’t seem to be as tense as the day moved along.

    On top of this, crude oil futures fell 3.3%. This was due to the Organization of the Petroleum Exporting Countries reducing oil production by up to one million barrels per day. Crude oil prices have already risen 13% this year and look to only increase.

    Day Trading Futures | In Conclusion

    “If the Saudis do lift oil production, that could be the news of the day. It may result in a weak patch for the energy sector, but for the broader market that could be offset by a rise in sentiment if it results in gas prices falling going into the summer driving season,” said John Augustine, chief investment officer at Huntington Private Bank.

    “There’s still a lot of questions about geopolitical issues with North Korea. Recent developments have seemed positive, but there’s a big question of what the sentiment is going to look like during the long weekend. The question for investors is whether they should wait until Tuesday to see what happened over the weekend and make decisions then.”