Advance articles have focused on day trading E-mini S & P 500 to live. that requires you to leave your work, let go of your benefits and work from home.
Many of you cannot afford such a luxury: but there is hope-to find yourself a Goggle search brokers like PFG-best and scrap with $ 8-$ 10 K to begin trading gold, silver, soybean, feeder cattle ... There are mini-silver and gold mini-contracts that trade for a lot less per tick then their large counterparts, and the profit margin is lower.
Trends often occur, and you can ride the trend for two to five days and make a nice pocket change: for example feeder cattle pays $ 5.00 a subdivision and opens at 10: 05 am EST. wait to see if it's opened (positive) or below (negative), look at the candlestick chart on a daily basis and decide to small or go long: buy two contracts a day for three days and gross and $ 1800.00 in a something like a margin maintenance 6000 $. Note that the margins are lower for the trading day (nearly half) then make room for maintenance that should be maintained to keep the game more than a day.
Since I no longer trading E-Mini S & P 500, I will tell you how I made some money with this: I got free charts from my broker and also used a static chart that I clicked each one minute to give me a chart updated line reading. I used a free service like BarCharts and DJIA chart daily, monitored and waited until I saw a trend will jump up and brewing with my Broker: Triple two asked my strategy-two contracts for two points with one or two breakpoint. A clear winner 60%-70% of the time for a nice $ 200.00! With this strategy, you can track cash Dow started a trend long or short; as cash Dow gains momentum and the numbers start to increase-go long and visa versa with a short position. Always first trade simulation!
For those who are not yet working-you can try swing the e-mini Dow contracts.
Follow a Dow swing trader subscription service found on a Google search-some of these services are up to 86% accurate! And charge a nominal monthly fee to join.
And always use a stop! The best way to trade is picking a how you afford to lose if the trade goes South you can say $ 250-$ 400, and then select a target to see if we can get you filled in $ 300-$ 400 per trade; do the math: $ 300 x 5 days x 4 weeks x 12 months adds up to $ 72,000 p.m. additional incomes in part-time per year. Not shabby if you lose your job or cannot leave your job due to benefits.
Learn and prosper!
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