Futures are financial contracts obligating the buyer to purchase an asset or the seller to sell an asset and have a predetermined future date and price.

How much money do I need to day-trade futures?

This is totally up to you and what you are willing to risk. Be aware futures are very volatile and you could lose all funds you put into the account. Most members start with 1-3k.

Are Futures and Forex the same?

No. Forex and futures utilize different platforms and forex typically focuses on currency pairs rather than commodities or indices. However, you can use a forex platform and still utilize my alerts for the products that I trade, the prices may be a bit off but you can still follow the alerts in real time with the “long” or “short” position provided.

What products do you trade?

Oil, Gold, S&P 500 and Nasdaq 100.

What platform do you use to alert your trades?

Slack is used to provide material of futures lingo, my broker is Tradovate.

Do you use any other platforms?

Yes, I use Think or Swim by TD Ameritrade to draw my levels and manage my charts. I also use NinjaTrader for my Auto-Trading Algorithm. It is very common for most of my members to use TradingView for their charts.

How do I execute a Limit Order?

Right click with your mouse on the price you want to limit sell or limit buy. (this setting can be changed in the Tradovate settings, when in doubt, call Tradovate).

This is a level determined at the end of the day which is then used as a strong support/resistance for the following session.

While you cannot use Tradovate in Canada, you can use many other futures or forex platforms: IB, Tradestation, AMP Futures, Metatrader4, Metatrader5

Aren't you only allowed to day-trade if you have more than $25,000 in your account?

No, this is a common misconception. Futures trading is exempt from the PDT rule that the government puts on stocks and options. You can take as many trades as you want in the futures market with as little as $500 in your account. Yet, futures are very volatile and risky.

I'm from Canada, who can I use as a broker?

GFF Brokers, NinjaTrader 8, Optimus Broker and AMP. Also, you can use IB but they have high margins.

I'm NEW .. I am CONFUSED ... What should I do?

OBSERVE.. Please understand that the Futures market is very volatile and you want to make sure you know exactly what you are doing before you risk your own money. The first few days will seem very confusing and the information might look like a different language. Read and re-read the docs sent to you on day 1. Pull up your Simulation account and try to follow along with the alerts. Watch my youtube videos (Bold Analysis LLC) to give you a little more background on the broker and what futures are.

Why is the price of my product (ES/NQ) not matching that of the one being called in the alerts?

You most likely are on the wrong contract (month/year). Please make sure you are checking the General Info doc which will always be updated with the current contract that we are using.

Why is my account not approved yet?

I am not affiliated with any broker (Tradovate, ThinkorSwim, NinjaTrader), so please directly reach out to the broker you are opening up an account with and ask them if they need more information for your account to be approved. Sometimes they need one extra piece of information to approve your account. Also, typically it takes 3-5 business days for an account to be opened.

Why is my order being rejected? I have 500-1,000 in my account?

You are most likely taking too large of a position for your account size. Please check the margin rate page on Tradovate’s site. If there is still an issue, please call Tradovate.

How do taxes work when it comes to Futures?

I am not an accountant. Please seek professional advice from a CPA to gain more insight on taxes regarding futures trading.

Futures Swing Trading Strategies That Work

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12 Jan 2022

Futures Swing Trading Strategies That Work

When you are looking to make short-term profits from trading futures, you may be considering futures swing trading. Compared to day trading, it is much less stressful and tedious. In this article, we share with you some futures swing trading strategies you may want to try out.

What Is Swing Trading?

The difference between swing trading and day trading is about much more than the duration of each trade. With swing trading, the trade can last anywhere from a day to a few weeks before the market closure. Unlike day trading, swing trading does not require you to constantly be timing your entry and exit points, and because it happens less frequently, you can expect to be more strategic about it. In addition, it can be more profitable than day trading as you can adjust your position for a larger risk-reward ratio, and the commission charged by brokers also tends to be lower.

Understanding Swing Trading Strategies

When you are trading any given trend, you will want to catch one of the price swings, ideally as close to the start of an upwards move as possible. On top of that, you will want to hold on to your position till the end of the move. On the other hand, if you are trading in the opposite direction of the trend, you will want to catch the down move.

Try Out These Swing Trading Strategies

As a swing trader, the best strategy for you will depend on your individual preferences and trading approach. Below are some strategies to try out:

Support/Resistance Breakouts: When a large number of buyers enter the market at a given price level, you will expect the price to go up. On the contrary, when many traders sell at a given price level, the price will start to decline. This is known as support/resistance. A breakout occurs when support/resistance expectations are disrupted, and they occur every day, making them the perfect entry point for swing traders.
Moving Average Strategy: A moving average strategy helps you to capture a market trend in order to capitalize on it timely and effectively. After deciding on the moving average that will best capture the trend you wish to trade.

Benefit from Round-the-Clock Support and Resources When You Engage the Services of Bold Analysis, LLC

Whether you are new to futures trading or looking to break into swing trading, our professional consultants at Bold Analysis, LLC, can help. From digital mentorships to 1 on 1 coaching and beginner traders support, you can select the services that suit you best from our wide selection and get started today.

You are welcome to contact us if you wish to become a member or simply require more information about the services we offer. Members can gain access to a chat forum where they can interact with other traders and share insights, which will prove to be a great help in your trading journey.