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They do seem tough but some the guys in this forum seem to do fairly well trading the eminis. There seems to be a totally different concept and strategy when trading futures. Very fast, very unpredictable, and hard to use tight stops. |
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I disagree. By understanding the underlying financial instrument you are trading, you can understand the language of the market. I am stunned at the amount of times I can predict the market action based on market profile.
You need the ability to understand the concept of price acceptance and price rejection. The market talks to you as the trading day goes. You just need to learn how to interpret it in your own language.
For example: lets say the markets closed below value but during the overnight session prices were pushed back into value. The market language tells us that prices will most likely trade within or above value because there is strong buying presence below value. Once you grasp the bigger picture of market direction, then you pinpoint your entries based on that analysis.
Yes... the futures markets require quick fingers. Have a trading plan and follow it. This is the only way to make money trading. Good luck streaming.