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Trading Simulators Can Be A Useful Way To Learn Emini Options
By plrprousers | December 3, 2008
Eminis (or formally known as emini futures) are just little contracts of a bunch of full futures contracts that have been around for like 20 years now. 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.
You can defiantly make money in this way, I as an example, am one such person who has done so. Speaking from the perspective of someone who has been in the day trading trenches for over 5 years, I have some pretty good news for those just starting in emini 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. The best feature that NinjaTrader has compared to other stock programs is that it can be used with almost all the emini future 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. It’s simple, the premise is you try to learn how to trade eminis in a simulated environment until you master that, and then you can move on to make your real money with the same software.
I think it’s intuitive that simply using a simulator isnt going to give you perfect real world experience, but it will cost you a lot less. 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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