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Hello there. I completely agree the majority if not all the vendors of retail trading methods, "schools/academies" and indicators, are charlatans perpetuating scams on newcomers to retail trading because that's how their rotten industry thrives and survives. I had long suspected all of them didn't trade for a living. And my thoughts were finally justified and confirmed with Emmett's https://www.tradingschools.org/ reviews which has also helped the CFTC and FBI arrest and indict some of the more egregious scammers. And it just makes common sense. A real profitable trader would have no pressing need to teach strangers even for a fee business. At best, they would probably only teach significant others or closest friends. There are exceptions of course, but I think I've ever only seen a handful, and still then I can't say they're completely proven.
I assume you are asking about swing or daytrading futures:
1. & 3. Sign up for a platform and feed. You can deposit some funds, but start in sim only for the feed and information. Try things out. IB, TDA (with ThinkorSwim), Ninjatrader brokerage are among the popular ones. There are others out there that allow a choice of various platforms such as ampfutures. I personally still use Ninjatrader 7 & Thinkorswim platforms.
2. Maybe start out with a futures book on trading or retail trading in general. There's also lot of free stuff here on this site and around the web. (I just saw this here, and think this is decent free material on a method of market structure:
Damian Castilla on YouTube. Guy is legit, sells nothing, has a huge thread on Forex Factory (He primarily trades futures though)and trades live money and his stuff works. I have a 70% win rate currently using his strategy. You may not like it tho, he …
) Books are cheaper where you don't want to have to spend more than few hundred for trading "education" if you can. yes, most trading books are just fluff too , but you want to get started on a few ideas to dip in and test your own ideas where you want to get to a point where once you're familiar with some trading styles and methods, you can experiment and try to create your entries and methods variations and test them out.
4. In general, you want to already have a plan for each trade. How, where when for entry of a trade. Then also management of a trade. When, where to get out. How to get out when in a riskier trade etc. And then practicing and sticking to your plan and rules.
Start out with a small account and small size. You will probably blow out a few or more accounts which won't be too bad if you had small accounts for the practice. (that's why save funds for the accounts and broker & platform commissions/fees, rather than getting scammed by pricy vendors). Good luck.
Hi,
I was recommended by someone in this forum to look into Daniel Castilla, he has a bunch of instructional videos in YouTube on price action. Go through lessons 1 to 10. He also does live trading once a month. He’s does not charge a penny and is a very successful trader. I been trying to become a consistent trader for years, and I found his trading style to be simple and very effective... good luck my friend and hope you become the trader you want to be...
Your welcome. I know what you mean. If you see the newest article by Emmett on tradingschools.org he talks about how he needs FBI protection from some crazy and vengeful scammers he exposed. He himself scammed over $500 million in junk stocks and went to jail for it, but at least now in his second life he helps with the truth getting exposed, occasionally assisting the FBI & CFTC.
My current trading style is similar to this. You'll learn what all those terms mean with either of the books I mentioned, or from the free stuff here. If you have Elite membership, there's tons of intro subject videos posted and archived: (https://nexusfi.com/webinars/#registernow). There's also free posted videos from future.io on youtube here. I was profitable in '17 but not last last year, so I still have a ways to go. It's been about ten years since I first started trying trading. I had quit or taken long breaks in between so I think the total where I traded at least each month has been about 5 to 6 years with thousands of hours of screen time. It's been a long journey , probably too long for me.