Emini Course?

[zac]

Im new to global markets and new to finance markets in general really.
I began with the ASX early in the year and as of a month or so ago have begun trading US markets.
Im loving it for all its potential and it has opened my eyes so much.

Im going the next step now and looking at Forex and Eminis. My 1st Forex trade being the other day on USDJPY.

Can someone elaborate on Eminis or give me a link that explains them well.
I mean I know what they trade but how people trade them short/mid/long term profitably.

As for the people concerned about trading courses, ie the highly priced ones.
Im not anti seminars etc but make sure you do your due diligence. Does the company have an ASIC licence, do they make their trades transparent, do they have an independent audit trail/report/document, to name a few.

An important element ive found with trading is it helps to have a team of like minded people to bounce ideas off. Whether its forum members, facebook friends etc
What really reinforced that idea is I saw a speaker and just a few words changed my outlook, "No one ever became successful on their own" Dont get sucked in to thinking you need to pay for your team though, it might just be a mentor, colleague, partner etc

 

[Timmy]

Can someone elaborate on Eminis or give me a link that explains them well.

CME website is a good starting point: eg. contract specs ., educational material etc. Find a book that explains the futures market (plenty around), also a good starting point.

I mean I know what they trade but how people trade them short/mid/long term profitably.

This is probably more the meat of your question? From your stock trading/investing experiences you will be familiar with the challenges. Lots of different claims about how to successfully trade/invest with stocks - same with futures. Charts, economic fundamentals, seasonals, scalping, day trade, swing, options, combination of approaches ... etc. etc.
I have my approach, and others will be different.
The ASF posts of Trembling Hand are very good for futures trading. Plenty to learn.

 

[zac]

Hi Timmy.
Thanks for the info, I have a general idea on it and thanks for the info.
To get a better grasp on it, im doing a study course on futures/commodities early next year.