50+ Pages full of Insights Designed for Beginners!
Description:
This eBook will give you a jumpstart full of knowledge and skills on trend following trading using MES/MNQ futures contracts. The focus is on developing a strong understanding of risk management techniques and maintaining a solid risk-reward ratio. You'll learn about essential concepts and tools for identifying trends, staying on the right side of the market, reading price action, and using key market-generated information to make informed trading decisions. The course will also emphasize the importance of treating trading as a business and implementing a disciplined approach to managing your trading account.
Learning Objectives:
- Understand the fundamental concepts of trend following trading using MES/MNQ futures contracts
- Use Delta Lingo to understand market trends and identify profitable trading opportunities
- Implement effective risk management techniques to minimize losses and maintain a positive risk-reward ratio
- Identify trend and range markets and make appropriate trading decisions based on market conditions
- Stay on the right side of the market and avoid getting caught on the wrong side
- Use price action analysis to make informed trading decisions
- Run their trading account like a business and implement a disciplined approach to trading
Course Resources:
- Trading Plan Worksheet
- Simple MES Stop Loss Calculator
Course Topics:
Module 1: Introduction to Futures
- Introduction to Futures
- The Value of Paper Trading
- Choosing a Futures Broker
- Proprietary Trading Firms (”Prop Firms”)
Module 2: Introduction to Delta Trend Following Trading
- Trading MES/MNQ Contracts
- What is Trend Following Trading?
- Delta Lingo and Common Abbreviations
Module 3: How to Build Long Term Consistency
- Importance of Treating Trading as a Business
- The Power of a Trading Journal - Your Roadmap to Success
- Implementing a Disciplined Approach to Trading
Module 4: Risk Management Techniques
- Importance of Risk Management
- Position Sizing and Leverage
- Risk-Reward Ratio
- Stop Loss & Profit Targets
- Strategies for Placing Stop Losses and Profit Takers
Module 5: Trend vs Range Days
- Identifying & Trading Trend Days
- Identifying & Trading Range Days
- Importance of Staying on the Right Side of the Market
- Harmonic Rotations
DISCLAIMER: The information provided here by Independent Traders Guild is for general informational purposes and entertainment only. We are NOT investment advisors and do NOT provide investment advice or recommendations. All information is provided in good faith, however we make no representation or warranty of any kind, express or implied, regarding the accuracy, adequacy, validity, reliability, availability or completeness of any information. UNDER NO CIRCUMSTANCE SHALL WE HAVE ANY LIABILITY TO YOU FOR ANY LOSS OR DAMAGE OF ANY KIND INCURRED AS A RESULT OF THE USE OF THIS INFORMATION. YOUR USE OF THIS IS SOLELY AT YOUR OWN RISK.
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