Futures are financial contracts that compel buyers to purchase an asset or the seller to sell an asset and have a future date and price that are predetermined.
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.
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.
8am to 2pm EST.
Oil, Gold, S&P 500 and Nasdaq 100.
Slack is used to provide material of futures lingo, my broker is Tradovate.
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.
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
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.
GFF Brokers, NinjaTrader 8, Optimus Broker and AMP. Also, you can use IB but they have high margins.
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.
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.
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.
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.
I am not an accountant. Please seek professional advice from a CPA to gain more insight on taxes regarding futures trading.