Hello, Daily Direction readers!
We’ve made it to the halfway point in another trading week! That means it’s time to review some of the basic aspects of our strategy.
I know that things seem pretty complicated right now, with the increased volatility and the serious headlines in the news.
But as long as we focus on our strategy and utilize our timeframe charts, we can find opportunities to trade the market.
Before we do that, we need to remind ourselves of how all of this actually works. And though it seems repetitive, it’s always a good idea to review the fundamental information. It’s how we build healthy trading habits!
Another way to do that is by checking out this groundbreaking information from my colleague Anthony Speciale! Be sure to see what he is finding in the market if you’re ready to expand your trading horizons!
The Basics Of Futures
Futures, as the name would denote, are contracts executed at a future time. It is a contract that two entities agree upon.
Many things can happen before the transaction is completed, even if the contract continues to run at a constant pace until the execution date.
Futures trading takes place throughout the period of time between execution and settlement. During this period, both parties might sell their halves of the contract to get additional money.
You buy and sell contracts through a broker. These brokers have online platforms that allow you to place trades. This platform will have a chart of the futures contract. You have the option to buy or sell with a simple press of a button. Their platform makes it easier to navigate and monitor your trades.
The Best Way To Get Started
There are a lot of things you need to learn about before diving into futures trading. Recognizing market trading patterns is one of the most important things you need to understand before becoming a successful futures trading. If you can’t spot the winning opportunities in the market, you’ll risk losing a lot of money.
Using timeframe charts to plot your entry into a market is also crucial to making money with futures trading. And these are just a handful of the things I can teach you if you take the time to follow my strategy!
The Bottom Line
Futures trading can seem intimidating. And it’s totally understandable why so many people get nervous with futures. But there are ways to approach the market that allow us to make trading less complicated.
Of course, my strategy will only work if you use it! It’s won a lot of trades over the years. Now it’s time that you leverage my knowledge of the market to your advantage. Be sure to check out my free resources to learn more. What are you waiting for?
Keep On Trading,
Stay tuned for my next edition of Josh’s Daily Direction.
And if you know someone who’d love to make this a part of their morning routine, send them over to https://joshsdailydirection.