Beginner swing traders can make $1500 – $2000 per month
Beginner swing traders can make $1500 – $2000 per month
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Home Page > Finance > Day Trading > Beginner swing traders can make $1500 – $2000 per month
Beginner swing traders can make $1500 – $2000 per month
Posted: Aug 11, 2011 |Comments: 0
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BEGINNER SWING TRADERS MAKE $1500 – $2000 A MONTH
Swing trading futures is being more and more common due to the low cost of entry. To start swing trading the highly liquid and highly profitable E-mini Dow Futures or the E-mini S&P 500 Futures, you can start with a small recommended account size of at least a minimum of $7500.00 to $15,000.00. Compare this to day trading stocks, where you would need at least $25,000.00 to start day trading. Day trading is becoming a game of smoke and mirrors – first you make it and then give it back! Swing trading is different
than day trading: with swing trading, you hold your position for 1-10 days depending on the market. With day trading, you are trying to go in and out the market a few times on the same day to make your nut – swing trading is easier and you are not glued behind a computer!
I have swing traded both the E-mini Dow Futures and the E-Mini S&P Futures. Both are similar and both track each other as far as daily chart performance/movements/price action. But the key to swing trading is getting into a trading system that provides entry signals as when to get in or out and when to stay long or short.
The best are trading systems that allow you to make a small monthly payment under $50.00 to subscribe; these also offer you the ability to log-in to a trading website each day to receive the trading signal for that day too. I have only run across two systems that did this and one became so popular it had to shut its doors to new members! One site even has swing trading signals for the 10 year Treasury note; you can counter trade this with the E-mini Dow Futures or the E-mini S&P Futures for fun and profit.
Trade management is crucial to any beginner – always start out trading one contract and use stops to limit losses. You can trade with a Futures broker or use what is called Ninja Trader Platform for the E-mini Dow Futures or the E-Mini S&P Futures. This is the one platform used by many traders after they open a brokerage account with one of the numerous brokerage firms that can be found in a Google search.
With the E-mini Dow Futures, a good stop to start with is 105 points per contract. With the E-Mini S&P Futures, a good stop to start with is 8-10 points per contract. So pick your poison – The E-mini Dow Futures at $5.00 a point or the E-Mini S&P Futures at $50.00 a point. Start swing trading today and earn extra income to take better vacations, pay for child care or buy that new car you have had your eye on. And there is no need to leave your job and benefits to swing trade either! Just call your broker before 9:00 EST,
and then again at 12:00 noon and again at 4:00 EST before the market closes.
Start out slow and build your account balance!
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About the Author:
See my websites: www.SwingTraderDow.com and www.TradeForOthers.com Mr. Kinney has written numerous articles on swing trading and day trading. And now offers subscriptions to a true swing trading system.
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