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Saturday, January 10, 2009

Trading Simulators Can Be A Useful Way To Practice Emini Options

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.

I've made money trading emini futures so there is no reason why anyone else can't do it too. 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. The thing I really like about the simulator is that it gives you detailed stats about your performance, like number and value of losers, number and values of winners, average values of trades, and even more complicated statistics that can be very useful for people to learn where they need to improve. 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. Possibly the most important element of trading is however missing, or at least diminished, in simulated trading. Of course that lacking element is emotional attachment to money.

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