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Old 12-03-2008, 12:10 PM   #1

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Beginner To Futures Trading

Hi could anyone help with sites & webinars to help me especially with market profile?
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Old 12-03-2008, 12:16 PM   #2

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Re: Beginner To Futures Trading

Try the market profile section here for a start.
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Old 12-03-2008, 01:39 PM   #3

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Re: Beginner To Futures Trading

It's not market profile, but if you are new, I would order Suri's book today and start reading. Will put you ahead of the curve IMO.

http://www.surinotes.com/
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Old 03-12-2009, 12:52 AM   #4

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Re: Beginner To Futures Trading

market profile can be a really powerful tool for traders, but many use it incorrectly.

The technical aspects of how market profile is calculated can be quite difficult to understand in a book, so it may be helpful to use this analogy..

Market profile, specifically the value area bracket it produces can be used to increase the winning % of trades when used as a directional tool.

for example...

If price opens above the value area, one considers this bullish, and long trades are taken

if price opens below, we consider price to be bearish, and short trades are taken

using this simple barometer as a filter to ensure you are always trading on the "right side of the market" can be an easy tool to help a new trader actually USE this tool to benefit his trading results with winning trades.

Beware using VAH and VAL levels as opportunities to take trades, and dont even think about the POC....but that reasoning will have to be another time...

hope it helps...

Mav
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