A Complete (In-Depth) Guide to Start Futures Day Trading

A Complete (In-Depth) Guide to Start Futures Day Trading

Day trading can be risky, and it requires discipline, knowledge, and a well-thought-out strategy.

Everything can be learned through trial and error, but structured training will give you speed and leverage.

My goal is to help you fast-track the beginning stages of trading and avoid some of the major mistakes of trial and error that I have gone through.

Below is a list of guidelines to consider before you start my 100% FREE starter course that will quite literally hold your hand in the entire process of getting started trading futures. (Link to the FREE starter course is at the bottom)

Let’s go.

1. Educate Yourself: Before you start day trading futures, it's crucial to understand the basics of futures trading. Learn about how futures contracts work, the different markets and instruments available, trading hours, and the associated risks.

2. Choose A Reliable Broker: Research and select a reputable futures broker that suits your needs. Look for factors such as low commissions, fast execution, reliable trading platform, and excellent customer support. (Consume the free course I have available to help you get through this step quickly)

3. Define Your Trading Capital: Determine how much money you're willing to risk in your day trading activities. Only use risk capital, which means money you can afford to lose without affecting your essential living expenses. (This step is extremely important especially if you are using your own funds. In the FREE starter course, I show you how you can leverage Funded Trader programs to help you start with LOW investments and still have the potential to earn substantial profits monthly).

4. Create A Trading Plan: Developing a solid trading plan is essential. Your plan should include your trading goals, risk management strategies, entry and exit rules, and the markets and instruments you'll be trading. Stick to your plan and avoid making impulsive decisions based on emotions.

5. Practice With Simulated Trading: Most brokers offer a demo or simulated trading accounts. Use these accounts to practice your strategies and gain confidence without risking real money. It's an excellent way to test your trading plan and improve your skills.

6. Focus On One Market: Rather than trying to trade multiple futures markets, concentrate on one at the beginning. Familiarize yourself with the price movements and factors that influence those specific markets. (I recommend starting with NQ or ES)

7. Use Technical Analysis: Learn to analyze price charts and use technical indicators to identify potential entry and exit points. Technical analysis can help you make more informed trading decisions.

8. Stay Informed: Keep up to date with market news, economic data releases, and other events that could impact the futures markets you're trading. Information is a valuable asset in day trading. (Use forexfactory.com to see upcoming intraday news reports that could potentially affect the market)

9. Practice Risk Management: One of the most crucial aspects of trading is managing risk. Never risk more than a small percentage of your trading capital on a single trade, and use stop-loss orders to protect against large losses.

10. Control Your Emotions: Emotions can be a significant factor in trading decisions. Fear and greed can lead to impulsive actions that may harm your trading results. Stick to your plan and trading rules, regardless of market fluctuations.

11. Evaluate and Learn: Journal your trade so you can regularly review your trading performance, both winning and losing trades. Identify areas for improvement, and continuously work on refining your strategies and skills.

12. Finally, develop your “EDGE”. Only come to the market LIVE when you have an “EDGE”. Trading without an “EDGE” is basically gambling.

Remember, day trading futures involve substantial risks, and success doesn't happen overnight. Be patient, stay disciplined, and be prepared to put in the time and effort required to become a profitable day trader.

You can access my 100% FREE starter futures trading course directly HERE. (A detailed in-depth step-by-step guide to help you get started)

Just go there, consume, and implement.

100% FREE - this is something that I wish I had when I started.

Click here to go straight to the FREE course. 

Facebook group 👉 HERE.

Youtube 👉 HERE.

Disclaimer – This is the “Be an adult” section. This article is presented for informational purposes only. The opinions stated here are not intended to recommend any investment or provide tax advice. Neither are they an offer to sell or the solicitation of an offer to purchase an interest in any current or future investment vehicle by Smart Leverage Trader or its affiliates. All material presented in this newsletter is not to be regarded as investment advice but for general informational purposes only. Investing does involve risk. We cannot guarantee profits or freedom from loss. You assume the entire cost and risk. You are solely responsible for making your own investment decisions. We recommend consulting with an advisor. By reading/sharing this newsletter or consuming our content, you are indicating your consent and agreement to our disclaimer.