Day Trading Futures | June 2022
How much money can you make a day trading futures?
"How much money can you make day trading futures?"
This is the first question most people ask themselves when they think of trading. The answer to this question varies depending on how many hours per week you are willing to put in, what type of account you trade with, and your risk tolerance.
Although day trading futures can make you a lot of money, how much exactly is too challenging to say. It all depends on your market analysis and individual account size. For instance, one person might only have $2-3 thousand dollars in their investment portfolio while another may have several hundred thousand!
The truth is that no matter what type of trader you are or where you live, there's always an opportunity for success when it comes to making trades with this exciting financial instrument.
"Can I make a lot of money trading futures?"
We cannot put a complex number to how much money you can make trading futures.
Some people who have been successful in their careers say that there's no way to know because they couldn't predict what will happen concerning all those variables, such as your experience level and educational qualifications may determine what possibilities exist for salary or hourly pay. Additionally, the industry in which you work and economic conditions at enormous influence earnings potentials too!
What are some factors that can impact your Futures trading journey?
Starting Capital!
The first thing to consider when starting out day trading futures is your capital. Many factors will determine how much money you can make, but it always starts with the amount of cash in your account and the margin requirements for a given trade size.
This is how you grow your account with $500 starting capital, step-by-step. First, of course, it would be best to start small and build up the size of positions to have a decent chance of success.
The first goal should be an increase from 500 dollars to 1000, at which point it will already feel like some progress has been made; after this, we can look for more significant targets such as 10k or more if you are willing to take on higher risk levels.
Trading futures markets requires patience, but when done correctly, there's no limit where one could stop growing their account value considering that day trading does not require much investment (2 hours max) per week while having access 24/7 means that all opportunities are open all the time.
How much risk are you willing to take?
As a trader, it's vital that you determine your comfort level for the amount of trading capital and leverage before jumping into any market. For example, if one were buying an E-mini S&P500 futures contract (ES), which is about $1250 worth of shares on margin or with just 400 dollars in cash as collateral, then the maximum loss would be around 8 points ($2). That may sound like a lot but think again!
It can happen because ES contracts only move by 12 ticks per point (.25), meaning 40 total ticks equals ten full points. If someone allocated more money than they could afford early on in their career, then this person might not have enough funds to ride!
Trading can be a tricky business, so it is essential to know what risks you are willing to take for the rewards.
How much do you think it would take to turn $100 into a million?
Usually, the answer is "a lot," but surprisingly enough, there are people who have done this with just a basic amount of capital. The thing about trading futures markets that makes them interesting for beginners and experts alike is that starting can be as easy or complex as making your own rules.
For example, if we assume our trader has an initial investment of only $1000 in their account and they want to trade positions worth ten contracts at once, then their maximum risk on any one part should never exceed 1% while still leaving plenty left over for maintenance margin requirements which will ensure profits stay high even when losses get low.
How to learn day trade 5x faster than anyone else!
For every professional trader, it's essential to have a plan of attack and perfect your strategy. This requires months, if not years, in the art and testing them out under different trading conditions to increase your chances of success.
That is why we developed The Ascension program, which will help one master very easy Futures set up through video tutorials on our platform with real-time market analysis from industry experts during training sessions.
The money you can make trading futures… is all in your hands!
The outcome of your trading depends on you. Many traders think that success will come to them instantly and effortlessly once they have learned about the basics. However, successful traders also spend a good part of their time practicing their strategies to gain confidence with what they're doing before taking any risks - even if it's just small ones at first! Without having a passion for continuous learning or simply thinking that enough is already known without trying anything new out yet, one can never succeed as a self-sufficient trader. There's more work involved, like practicing strategies until they're perfect (which is never really possible) and knowing these markets inside out so that there isn't much risk at all; continuously studying.
If you need a bit of guidance, Kingdom Wealth Academy is what you need. You'll get access to life when you join today! This will include multiple strategies, hands-on coaching, and a community of like-minded faith-based traders and investors. We are not a get rich quick but have a passion for creating Wealth With a Purpose through our intensive self-paced program and access to your coach.
Bad traders - chase profits.
Good traders - manage risk!
Trading can be a lucrative profession, but it is only as good as your trading system, risk tolerance levels, and discipline. Indeed, some people have been successful at this for decades upon decades with little to no loss of anything else in their lives.
It's a lifelong journey that can lead to immense success if you're willing and able to put in the time, effort, and work it takes for your plan. The possible profits are unlimited but only as good as your strategy or system of choice; do not forget that risk tolerance also plays an important part!
SHARE THIS
COMMENTS
RISK DISCLOSURE:
Commodity Futures Trading Commission Futures and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures markets. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures, stocks or options on the same. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this website. The past performance of any trading system or methodology is not necessarily indicative of future results.
CFTC RULE 4.41 - Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown. No representation is being made that any account will, or is likely to achieve profits or losses similar to those discussed within this site, support and texts. Our course(s), products and services should be used as learning aids only and should not be used to invest real money. If you decide to invest real money, all trading decisions should be your own.
TESTIMONIAL DISCLOSURE:
Testimonials appearing on this website may not be representative of other clients or customers and are not a guarantee of future performance or success.
HYPOTHETICAL PERFORMANCE DISCLOSURE:
Hypothetical performance results have many inherent limitations, some of which are described below. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. In fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. For example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses is material points, which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program, which cannot be fully accounted for in the preparation of hypothetical performance results and all of which can adversely affect trading results. Testimonials appearing on this website may not be representative of other clients or customers and is not a guarantee of future performance or success.
© 2020-2030, Kingdom Wealth Group Inc. All Rights Reserved.