When I did an emini trading course it was something that I had been saving up for a few months and I put a lot of time and energy into finding the best course for me.
I had some previous experience investing in shares and trading in CFD's (Contract For Difference) but trading emini's were the first time I had ventured into the world of day trading.
Though I had only a limited knowledge of what the emini contracts were, I had learnt enough to know that emini's had the potential to make me a lot of mony very quickly... or to make me lose a lot of money even quicker!
So with my 'sensible' head firmly screwed on, I purchased the course, read through the course material like a trader possessed and leapt head first into paper trading... and stayed there for 3 months. It was a long, painful process for me as I learnt to master the trading platform, understand the charts and ultimately to control my emotions enough to stick with my trading plan.
And I'm so glad I did. Without the emini trading course that I did, I would have easily wiped out my trading account within a scarily short period of time. If you're in the same situation as I was, and are looking to start trading in emini's, please, please, please ensure you have a solid understanding and practice of the day trading markets. And best of luck to you!
Wednesday, June 17, 2009
Thursday, June 11, 2009
Traders International Review
You know, I bought the Traders International course back in January 2008 and this is my Traders International Review. I had been saving up for a while because this was the course that I really wanted. I'd done my research on other courses and felt that this one was the most comprehensive and intensive.
Well when I got the pack, I realised that the words comprehensive and intensive summed it up perfectly! Now I had some previous experience in shares, just some personal investing in shares and then intra-week trading in CFD's (Contracts For Difference). So I was able to understand more of the terminology than brand new traders would.
But I had never done any day trading so the speed and volitility of the market was a new experience. As with any new thing, I was totally engrossed in the learning and finished the online e-course within two weeks. I felt at that stage I had a basic understanding of the methodology that Traders International use and I couldn't wait to see it in action.
I then moved into the learning by doing phase where I watched what was going on in the trading rooms, watched the charts and paper traded. Oh... I made many mistakes in that phase. Just mastering the trading platform was an art in itself. I placed (paper) trades at the wrong price, the wrong time and even the wrong direction! So all in all it took me about 3 months of paper trading before I reached 15 out of 20 profitable days. Traders International review your paper trading success before 'letting' you out into the market but once I had reached that goal, they still held my hand and helped me with the questions that still came up.
All in all, I was very happy with Traders International and their course. I will say though, it's not for the faint hearted and obviously it's not a get rich now kind of thing. The learning curve is very steep and you need to be committed to that learning. And although you CAN start with the minimum trading account size ($2,000) I wouldn't recommend it as this does not allow for the fluctuations in the market and your trading.
Well when I got the pack, I realised that the words comprehensive and intensive summed it up perfectly! Now I had some previous experience in shares, just some personal investing in shares and then intra-week trading in CFD's (Contracts For Difference). So I was able to understand more of the terminology than brand new traders would.
But I had never done any day trading so the speed and volitility of the market was a new experience. As with any new thing, I was totally engrossed in the learning and finished the online e-course within two weeks. I felt at that stage I had a basic understanding of the methodology that Traders International use and I couldn't wait to see it in action.
I then moved into the learning by doing phase where I watched what was going on in the trading rooms, watched the charts and paper traded. Oh... I made many mistakes in that phase. Just mastering the trading platform was an art in itself. I placed (paper) trades at the wrong price, the wrong time and even the wrong direction! So all in all it took me about 3 months of paper trading before I reached 15 out of 20 profitable days. Traders International review your paper trading success before 'letting' you out into the market but once I had reached that goal, they still held my hand and helped me with the questions that still came up.
All in all, I was very happy with Traders International and their course. I will say though, it's not for the faint hearted and obviously it's not a get rich now kind of thing. The learning curve is very steep and you need to be committed to that learning. And although you CAN start with the minimum trading account size ($2,000) I wouldn't recommend it as this does not allow for the fluctuations in the market and your trading.
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