We’re protective of our trading rooms, premium content, and training but we also understand that not everyone knows how we’ve been able to put so many traders on the path to profitable consistency and getting a look inside is perhaps the best way.

Well, this week is your chance!

Erich Senft, the trading room moderator and lead educator at Indicator Warehouse is a certified CTA (Commodity Trading Advisor) and  has been trading for 18 years.  But as Erich likes to point out, you’re only as good as your last trade and it’s not about how long you’ve done it or how many letters there are behind your name – it’s about results!  Well, Erich has that too!

In September 2012, he began publishing his trading room results as well as the recording the sessions on video as irrefutable proof.  Erich is currently coming to the end of his 4th Profit Run and he’s consistently grown his account on each and every Profit Run.  You can see these results here.  Erich opens his room throughout the year, roughly with 4 to 8 weeks open and then a break of two to four weeks.

Not only will you get access to his trading room, we’ve put together a collection of the richest content we have for traders.  This is normally stuff you pay for and this week you can soak it up for free.

Update: The Free Access period has now passed.

Unlock the Video below, “Tracking Trades to Triumph” by clicking one of the share buttons.  It’s the definitive how to on ratcheting up your profits with proper journaling and back testing. 

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Click Here to Get the Tracking Trades to Triumph PDF

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Click Here to Learn About Profit Finder – The Instant Back Testing Tool

There is a specific reason why all professional traders use leverage every day to make the most efficient use of their trading or investing capital. Realizing the significant advantages to entering every trade with leverage, there are no real down side disadvantages whatsoever.

By using leverage in every trade allows day trading systems to trade all markets that would typically be unavailable otherwise. Leverage also works as a positive solution when trading more contracts, lots or shares than the investor would otherwise be able to place. It never increases the risk of the trade, although it does reduce the loss.

To maximize your trading capital, consider using leverage in day trading. It is never more risky in any trade than using cash. By using leverage responsibly you can maximize your profits while you minimize your losses. You can easily modify your account to add leverage, or you can simply open a new leverage, or margin, account and begin new day trading strategies that take advantage of the amazing properties leverage offers your trading schemes.

Why Use Leverage to Day Trade?

Using leverage gives you the ability to trade a larger position in the market (a larger number of contracts or shares) using only a small amount of your investing trading capital. By using leverage effectively, you can reduce risk while increasing your profitability.

Is Leverage Risky or Not?

If you asked one hundred investors if leverage is considered a risky proposition, most would probably speak to the affirmative. The reason investors would consider leverage to be significantly high risk is because it appears to magnify potential profits and losses equally in every specific trade. However, leverage actually works as an extremely efficient way to trade capital. It allows a typical investor to take a larger position on their trade (by having more open contracts or shares) than trading with traditional non-leveraged amounts of capital, without maximizing losses.

In effect, the leverage never alters the potential profit or loss that any specific trade can produce. Rather, it only reduces the amount of the invested trading capital that can be invested, which then releases the trading capital for other trades. Additionally other than being an efficient way to maximize your trading capital, leverage can be used to reduce the amount of risk on nearly all types of trades. In essence, by using more leverage you can generate more profits while at the same time, minimizing your loss. Suggesting that any new trader should avoid trading using any type of leverage simply reduces their profit levels.

Day trading futures isn’t as complicated as it sounds. The futures market is actually a conglomerate of various markets that buyers and sellers use as a way to enter and exit into futures contracts. Typically, pricing is based on an open bid system where each offer will be matched electronically. Each futures contract states a monetary amount that is to be paid on the contract and the date that it is to be delivered. Many people choose to stay away from day trading futures markets because they believe they actually have to take physical delivery of the commodity that they hold on their futures contract. However, this is simply not true.

Defining a Futures Contract

As an analogy, consider your basic understanding of signing an agreement with your mobile phone carrier. As you have entered into a two-year agreement, you know you will receive a specific number of minutes or data transfer at a specific price every month for the following two years. The contract you hold with your mobile phone carrier is nearly identical to a futures contract. You have agreed to receive a specific product at a date in the future with the terms and the price firmly set in place. You know that over the next two years you will receive your product no matter how much prices have risen from the time you signed the agreement.

People who get involved in day trading futures understand that it is an agreement between two specific parties over a short and long position. The party in the short position agrees to deliver the futures commodity while the one that receives the commodity is in the long position.

Settling the Futures Contract

Every day, the amount of the futures contract will rise or fall based on the market price. Using an effective day trading system backed by proven futures trading strategies, traders buy and sell their futures contracts up until the point the contract reaches its expiration date.

Like all highly active and centralized marketplaces, the futures markets are a valuable source for critical sentiment indicators and market information, that can be used and analyze for trading purposes. Experienced traders and those wanting to learn the fundamentals of day trading futures study technical indicators to make decisions about buying and selling futures contracts. By using technical analysis and commodity trading software they can determine the ideal time to buy or sell.

The best day trading software will include ways to detect technical patterns and formations and trading indicators to formulate and execute futures trading strategies that can generate huge profits for the investor.

For any newbie or skilled day trader, making the decision when to get in or out of a trade is based on technical analysis or fundamental analysis. Both types typically involve gathering information and making an informed decision about the price of a market at a future point in time. However, the information that each use is very different from one another on one level, but very similar on another. It is quite possible that a day trader will use both technical analysis and fundamental analysis together although it is a far more common practice that a day trader will be a technical analyst.

The importance of fundamental analysis cannot be overstated. Traders that use fundamental analysis constantly gather information about national and global economies and/or the current & historical financial status of the companies or commodities involved. They also take in consideration current weather information and political certainties.

A trader that relies on fundamental analysis as one of their effective day trading tools will tend to believe that the markets that concern him or her will react to specific events in a predictable way. The information allows them to understand future market prices that are based solely on the outcomes of these events.

As part of their day trading strategy, fundamental traders must have complete access to a huge variety of available information as quickly as possible. Many times, their day trading systems rely on large support teams to gather and analyze the information rather than a single individual. Once left to the minds and hands of individuals, most fundamental analysis traders choose to garner computing power to help produce fundamental information as a way to process all the data automatically. Most traders relying mostly on fundamentals tend to hold longer term positions.

Day traders that use technical analysis garner historical information including trading volume and previous pricing, along with the best technical analysis indicators to make their decisions. The data they gather is typically displayed on a graphical chart with real-time updating all throughout their trading day.

Part of their day trading strategy is built on the foundation that specific data about a market will already be included in the movement of its price. This means there is no need to input any fundamental information such as news or market reports. With a large variety of the best technical indicator information, mathematical indicators and charts, the day trader quickly understands that some of the best technical indicators are better suited to produce better results for longstanding trend-following day trading.

At some point, every individual that wants to learn  trading must decide whether to rely on technical analysis or fundamental analysis, or both.

There are two opposing ways to become an effective day trader that has the potential to  generate more profits than losses. The first one involves extensive trading instruction, training and that priceless commodity “time”,  that might also involve books, webinars, seminars, mentoring and online courses.

The alternative method is to trade without learning any specific day trading strategy or using a day trading system and that is by relying on a professional analysis and trading service instead. While both methods can prove to be highly effective, preference of one over the other is strictly an option chosen by the investor.

Day Trading Instruction

The following list outlines the popular ways of learning how to day trade effectively and profitably. Each type of trading instruction has its own strengths and weaknesses. From the list below, there is some type of day trading system that will work well for every kind of student. They include:

• Trading Books – Learning trading through quality trading books is by far the most popular way to understand day trading strategy and day trading systems. Generally considered a low-cost method to learn trading, a novice, or intermediate trader can easily spend the same amount of money on trading books as the total cost of an expensive seminar.

• Online Trading Courses – As a convenient way to learn trading, online courses can be taken anytime of the day or night, at your own pace. They are ideal for any individual that suffers from time constraints.

• Day Trading Seminars – Usually considered a very expensive way to learn trading instruction, many are certainly worth their cost. It is best to seek out quality seminars and webinars that are taught by professional traders, and not just a professional teacher.

• Day Trading Instruction and Mentoring – This path to learning is without a doubt the most expensive way to comprehend day trading techniques. However, following the guidance of the competent mentor can help to quickly develop confidence in making solid day trades, and building your own unique day trading strategy.

Day Trading System

An alternative path for trading for profit does not involve learning any day trading strategy or developing any type of day trading system. Following Professional Analysis and Trading Services, a less experienced trader can benefit greatly by using all of the trading and analysis suggestions of a proven, profitable trader. An effective professional trading service will also include extensive money management were an investor (non-trader) can have their investment funds traded for them, by a professional.

This type of analysis and trading service will offer live trading suggestions, professional training and daily market analysis.

It is important to develop the skills to manage your risk when day trading futures. This often requires effective techniques that many investors typically do not have. Most traditional stock traders tend to buy mutual funds or stocks and hold them for lengthy periods of time, with only an occasional glance at current quotes. Day trading futures, however,  rarely allows a trader to follow any buy and hold strategies since the price of commodities tend to fall and rise over time without the normal trending line that a traditional stock tends to follow.

The number one reason for managing risk is to manage your open positions to safeguard against potential loss. If you feel stressed as an trader, it may be that you are holding too many open positions. Most successful individuals only invest 1 to 2% of their monies in any given trade. However, a smaller trader typically is not provided the luxury of having such a large margin account. Instead, they must rely on savvy money management skills to reduce their risk and stress.

The worst kind of developed strategy for day trading futures is an all or nothing approach. Developing a profitable online trading system requires strict discipline and a well-thought-out, proven plan that uses technical analysis indicators and other day trading tools. Even a small account needs to be traded with great self-restraint and control to allow it time to grow in size, from the profits generated on well-informed decisions to buy or sell.

That ideal place to begin developing a system or strategy, especially for those that are new to trading and investing, is to follow a trend. Many profitable futures trading strategies are executed using commodity trading software programs that have the ability to follow trend lines. With enough time in front of the charts, a day trader will be able to easily identify an uptrend or downtrend in the market and evaluate the trading signal the indicator provides to make a buy or sell.

Many newbie and experienced commodity traders using technical analysis often incorporate extensive day trading indicators into their trading plan. Researching technical analysis will differ from fundamental analysis in that it will utilize historical price action as a way to predict the moving price of the commodity in the future. Alternatively, fundamental analysis usually focuses mainly on the expectations of supply and demand of a specific commodity, as a way to predict the action of a future price.

Managing risks when day trading futures is essential to increasing your portfolio. By understanding the best technical indicators and relying on proven commodity trading software that you have gone to the trouble of learning well,  any trader can maximize their profits and minimize their risk.

The day trading indicators based on seasonality typically play an essential part in determining or setting a price for a commodity during the regular cycles of every season throughout the year. Traditional decreases and increases in a commodity’s supply and demand tend to occur throughout the year on a fairly consistent basis. The tendencies for a commodity to develop seasonal patterns that might appear to be day trading indicators on the surface are often thought to be a predictable gauge of a future movement. However, tendencies that happened through the season are usually just that – a tendency and not a predictable occurrence.

A few typical commodity seasonal patterns tend to develop on specific futures including soybeans, lean hogs and unleaded gas. There is a tendency for soybeans to move significantly higher during their peak season beginning in February and ending in June. The farmer and investor’s anxiety & stress levels over the potential for crop loss usually diminish when the crops begin to grow until the season is wrapped up, usually in the early days of June.

The fluctuation of soybeans is often used as one of the best technical indicators of a price drop during the summer months, if no major weather problems have been experienced. Additionally, investors use a variety of day trading indicators to analyze price changes if there is a major flood or prolonged drought in the area. Moreover, the prices of grains tend to drop or bottom out during the months of harvest which generally occur in the middle of autumn.

An effective commodity trading software program can continually monitor the price of unleaded gas that tends to move higher at the beginning of the year until late May. This is often due to the tendency of commercial purchases in the months that precede the summer driving season which usually starts at the end of May, on Memorial Day.

The tendency for lean hogs to move higher in price usually happens near the beginning of March until late May. This is often a result of the summer grilling season when packers are readying for the summer pork demand. Used as technical analysis indicators, the price of pork can at times be extremely predictable throughout the year.

Trading commodities on seasonality requires other day trading indicators and day trading strategies to determine the best times to enter and exit a market. However, seasonality can be used as a filter for trading specific commodities as they help determine whether a day trader should make the buy/sell or simply pass on it.

Although investors use effective day trading software programs to assist them in trading futures contracts, there is always the potential for significant risk. However, historical trends in trading commodities have shown it to be a more attractive instrument than trading stocks and offers greater rewards.

Many traders use a combination of a day trading software, a dedicated trading computer and a fast  Internet connection to trade the markets online. This process is significantly better than just diving right into futures trading without any forethought, knowledge or experience. Many newbie traders spend little time researching the markets they trade and generally end up losing their margin accounts in the process.

Alternatively, tech savvy day traders and investors take the time necessary to learn how to use an effective day trading software platform to quickly move their money around to generate profits. They learn day trading to gain a comprehensive understanding of how the market works before making their first buy.

Once investors get the hang of day trading stocks, they often venture out into other markets to trade including the futures markets. Using the best technical day trading indicators and an effective futures trading strategy, they can generate profits by buying and selling commodities. Many commodities are available for trading including grains, softs, meats, metals, currencies, index futures and energies.

Unlike buying and selling shares of stock backed by a company that produces materials, goods or services, commodities offer a unique experience to the investor. The continuing fluctuation in the price of commodities is always determined by the ever-changing laws of supply and demand.

When natural disasters strike they can destroy huge amounts of any commodity, making the demand rise quickly. As the demand escalates, so does the price of the commodity. Once the supply has been fulfilled the price of the commodity will fall again. Understanding this scenario helps day traders make huge profits to the benefit of their investment portfolio.

Savvy day traders in the futures markets use the best day trading software programs that have the best technical indicators either hard coded in or available as add ons. Effective day  trading systems that work well at predicting market direction can minimize the risk in every contracted buy or sell scenario.

The commodities market works well for day traders that have developed an effective day trading strategy. Using indicators for day trading combined with futures trading strategies can greatly assist the trader at times when the futures markets are more stable. Traders who want to learn trading in the futures markets do well by gaining full knowledge of all the market indicators. This can be accomplished by studying technical analysis signals in real time, generated by the software program.

Books on day trading are available everywhere that help individuals learn trading and how to make money through the various trading instruments. However, they are often one of the least effective ways to comprehend the process. There are better day trading tools including commodity trading software and online trading software that have been proven effective for many traders in their quest to learn trading.

Trading seminars taught by professionals are also available for the beginner and intermediate trader in either a live format, or an online webinar. This type of learning process is its most effective when there is interactivity between the trainer and the student. Alternatively, individualized mentoring instruction proves to be a highly effective method for one to learn day trading that can lead to a long, successful trading career.

Learn Trading One on One

There are numerous individualized trading instruction & mentoring programs where newbie traders learn trading strategies directly from experienced professionals. Having the ability to learn effective and profitable trading techniques from a professional in a one-on-one student environment seems to provide the best results. This type of learning is often flexible and an extremely efficient way of learning trading strategies and has far reaching benefits over other traditional methods.

Using a one-on-one approach of a teaching style allows the student to learn every aspect of the training. It helps the professional trainer fine tune their teaching style based on the capacity of the student.

Learn Trading through Mentoring

Trading mentoring can be a very powerful and highly effective way of producing quality results of a student day trader. Having the assistance and oversight of a qualified and competent instructor, the student can easily develop confidence by making their own trading decisions, with full monitoring from their mentor.

The Ideal Student Trader

The ideal student trader is one that has never been involved in any day trading system with no bad habits to break. Additionally, a highly experienced trader will find significant advantages from quality trading instruction and mentoring. However, they must be willing to abandon all their previous knowledge on trading to gain full insight from the process.

The student must understand that a mentor or webinar are simply ways to learn trading  and not about learning a unique trading system design. However, to be highly successful, the novice trader must already understand many of the basics of trading, including order types and markets. Any individual that has yet to choose a trading system is likely a suitable candidate for individualized mentoring and instruction.

When day trading futures there are varying factors that need to be considered in choosing the ideal day trading market for you. You will need to consider your initial trading deposit, your profit level requirements, your personality, the level of risk you can bear and the potential to lose everything in your margin account. Additionally your geographical location will play a significant part in which type of market works best for you.

The futures markets are usually the most suitable trading platforms for day trading. These include all of the futures markets involving currencies, commodities, agriculture and the stock index futures.

Your Day Trading Margin Account

When you first open your trading account at any brokerage that handles day traders, your initial deposit will be used as a way to calculate your account’s available trading margin. A day trading margin is defined as the amount of funds that will be available for you to trade. The amount cannot exceed any margin requirement that has been set by your brokerage or the exchange. Depending on the amount of your initial deposit, there may be futures markets that are not available to you simply because the margin requirements are too high for your account.

Your Day Trading Style

Every day trader has a different trading style. Some trading styles fit better with one type of futures market and may be a wrong fit for another. Some markets move extremely fast and others very slowly. Some are unpredictable. When day trading futures the trader will likely choose a market that has a steady pace to allow them the ability to make methodical, decisive movements.

Winning and Losing

The potential for profit and loss is a very real part of day trading futures markets. Without a complete understanding of how the market moves, a small adjustment in the tick size can create huge profits or drastic loss quickly.

Your Geographical Location

Where you live often plays a key role in your day trading style. Many markets are open 24 hours a day, while some have business hours set to Asia, Europe, and the US. Unless you choose to trade through the night, you will need to select the most ideal markets that trades while you are wide awake.

The best futures market for you as a beginning day trader is the one that meets the simple criteria of a low maintenance margin, and a low tick value. Additionally, it should be easily accessible to every day trader in varying locations. Some of these might include the Dow Jones futures market and the CAC40 futures market in Europe.