Live EMini Trading Room
In the past ten years the number of people trading in EMinis from the comfort of their living rooms has risen dramatically. With this rise in popularity the live EMini trading room has become very popular, you can find plenty of them all over the web. Many new and experienced traders are using them as a good resource for learning to work with EMinis & EMini Futures. For the most part each room teaches its own method of day trading based on the opinions of the person or group that started the room. If you are going to join a live EMini trading room, you need to make sure that they do actually teach a specific day trading strategy. There is little point in joining a day trading room that does not teach a real strategy and is instead overly generalized as you will most likely not learn what it takes to be successful in this type of atmosphere. You need to know that everyone in the room is focused on the same page, too much conflicting information can be very distracting and leave you more confused than when you joined.
While it is ok for the moderator of the live EMini trading room to use history to explain why and how a strategy has been proven to work. The main emphasis still needs to be on what is happening right now. Day Trading is done on a live basis and you need to learn to use the current trends to learn to predict or forecast what is going to happen in the future. This is where you are going to make your money, not on trades that happened in the past. It makes a good reference point, but what is happening right now is what you need to know. As for cost for an live EMini trading room, they vary as there are free rooms that are more for socializing and exchanging trading ideas. Then there are the ones you have to pay for, these can range as high as $1,000 per month or more and are run by professional day traders. While it can be tempting to join a cheap day trading room, this may not be the best idea.
If you buy cheap, you get cheap and when you are trying to learn how to successfully trade in thousands of dollars, the last thing you want is to buy into a cheap day trading room and risk getting poor information that could make you lose your money. While paying to join an EMini trading room might seem to be a bit much, you will be learning a particular strategy that the moderator has spent years developing. You will have access to training videos, books and practice markets online that you can use to hone your skills before going live. At Pure Tick you will receive the benefits of being taught by masters of the live EMini trading markets. Whether you are a newbie or an experienced day trader there is always something you can learn from the moderators and members who are all interested in the same thing you are, which is making money.