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.

Advantages Of Trading Micro Bitcoin Futures

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11 Feb 2022

Advantages Of Trading Micro Bitcoin Futures

The increasing acceptance and adoption of bitcoin as a form of payment has resulted in the price of bitcoin skyrocketing in recent years. While there have been developments in recent months such as the Chinese government’s ban of Bitcoin and rendering cryptocurrencies illegal in China, the price of bitcoin continues to fluctuate and is seen as an attractive investment for many especially due to its market capitalization.

Fintech giants such as Store and Paypal also allow users to buy and sell cryptocurrency and transact them at stores. Micro Bitcoin futures cover 1/10 of a Bitcoin and allow traders and speculators to better manage their Bitcoin exposure. Bitcoin futures also make it more affordable for retail traders to capitalize on the popularity and volatility of Bitcoin for their profits. Here are some of the advantages of trading micro Bitcoin futures.

Increased Accessibility

The introduction of micro Bitcoin futures helps to address the demands for smaller-sized contracts which provide accessibility to a Bitcoin futures market. Because Bitcoin futures cover 1/10 the price of a Bitcoin, bitcoin trading is thus available to more retail traders and is more accessible for day traders or sophisticated investors.

Micro Bitcoin futures is thus a capital-efficient product that allows traders to gain exposure to Bitcoin at just a fraction of its value. The increased accessibility to Bitcoin futures means that there will be greater Bitcoin market capitalization, and the number of traders with exposure to Bitcoin price moves will also grow.

Centralized Pool of Liquidity

Micro Bitcoin futures operate on a centralized exchange and thus differ from spot markets. This means that micro Bitcoin futures have a centralized pool of price and liquidity. Bitcoin futures traders thus have the opportunity to enter and exit the market at any time they wish to and experience the same prices and fluctuations.

Manage Risks

Owning Bitcoin or investing in them may be risky as you would require a digital wallet and large sums of money to start investing or purchasing Bitcoin. However, micro Bitcoin futures have a cash settlement and do not involve the exchange of Bitcoin. This means that no digital wallet is required to trade micro Bitcoin futures.

Advantages Of Trading Micro Bitcoin Futures

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Advantages Of Trading Micro Bitcoin Futures

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