Trading Simulators Can Be A Useful Way To Learn Emini Futures
Emini futures, which are less formally known as eminis, are small contracts composed of “full-grown” contracts in normal futures. One difference between stocks, which have always been traded on the floors of the exchanges, eminis always have been traded via electronic means, leveling the playing field for home based traders so that there is no advantages for institutional traders who are right on the floor.
Success in this field is certainly possible and this author, if he may say so, is one example of this. I think I’ve got a pretty good view of things, following my trading of stocks intraday for the past decade, there is some great news for people interested in starting up a career or hobby in amini trading. I tell you the truth everyone, if you want to make money it’s now easier to do than ever, even more so than when I first started for sure. This has much, if not most, to do with technology, one very useful and important element of which are easily available trading simulators that these days render trading conditions in a respectably realistic way.
There are a lot of good options out there, but I think NinjaTrader might be the best, so I decided I’d write a bit of a ninjatrader review. One of the main advantages of NinjaTrader market software is that it can be used with most emini futures brokers out there. What’s really nice about this simulator is that it gives you a very comprehensive statistics of your performance, such as the number of losing trades, the number of winning trades, the average profit per trade, the average loss per trade, the percentage of winning and losing trades plus a host of other, even more complex characteristics that could be of particular use to those working on their mechanical emini trading systems. NinjaTrader also allows you to trade live, so once you have mastered trading eminis in a simulated environment, you can use the very same platform for trading them for real.
I think people do know, as they should, that no amount of using simulators is going to make up for real world experience, but getting some practice is a huge advantage over going in blind. There is a major element that is lacking in simulated trading of emini futures. What I am talking about is emotions.