Author: Eminiacademy
This process works for new and experienced traders with trading accounts of all sizes.
Our goal is to give you a clear path for setting up your trading business, developing your skills, and ultimately achieving your trading goals. Follow these steps to get started on your trading journey…
Emini Academy Map
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CHOOSE A MARKET AND TRADING TIME FRAME
There are many different markets to trade, and the first step is choosing which one is right for you. Some of the most popular markets are stocks, e-mini futures, options, Forex, and digital currencies like Bitcoin.
Let’s take a look at the different time frames you can trade:
- Day Trading – The first (and shortest) time frame is day trading. This is where you enter and exit your position within the span of one day. In active market conditions, traders can take dozens of trades in the span of a day. The benefit to day trading is that there’s no need to stress about what the markets do overnight or when you are not actively trading.Some day traders will actively trade for 1-2 hours a day, then move on with their lives. It requires more focus in short periods of time, but also gives the freedom to not obsess about the markets 24/7.
- Swing Trading is where you hold your position over the course of 2 days to 2 weeks. This time frame can be great for people with full-time jobs, because it requires as little as a couple hours a month to enter and exit trades.
- Position Trading is a form of disciplined investing. It’s where you hold a position for months or years before cashing out. There is a big difference between position trading and just randomly buying in hope of a future price increase. Good position trading uses strategies to identify key profit zones to buy and sell. It also takes stop out levels into consideration if the markets move against the trader.
Choose A Market
There are pros and cons to each market, and it’s important to start with a market that can help you achieve your goals. Some trading education companies teach courses on every market under the sun, but our training programs are based on the markets that our team trades on a regular basis.
These are the markets we trade:
There are thousands of publicly trading companies that traders can actively buy and sell ownership, or stock, in those companies. There are many stock trading opportunities throughout the day. However, it’s crucial that you trade the right type of stocks. We stay away from stocks dominated by high-frequency trading computers that prey on individual traders. Rather, we trade highly volatile stocks with predictable patterns.
In 1997 e-mini futures were created to give individual traders the opportunity to trade markets like the S&P 500 from their home offices. The high leverage and volatility makes them an attractive market. Since the e-mini futures market attracts the best traders, it’s important to use a rules-based strategy that can help create a clear plan for when and where to take trades. We use our MAP Trading Strategy to help us determine when market conditions are ripe, and when we should stay away.
This new form of digital currency is rapidly gaining popularity, and has made for incredible trading opportunities. Although this market is still in its infancy, these markets are becoming very attractive for professional traders around the world.
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