Page 8 - Futures Money Machine-Study Session #7
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Action Steps…
• Review the concepts of this course until you know then cold.
• Come to the “Weekly Client Support Webinars” offered by TradersCoach.com and ask questions.
• Get the best computer you can afford, preferable a Windows based PC since most market software is
Windows based.
• Choose a Broker that has services you need for the futures markets. Do you want a discount online
broker or do you want a full service broker, many to choose from. Interview them and see which one
you like best with commissions that are reasonable. Do you homework and compare them and then
make your choice. TradeStation and Interactive Brokers is a good place to start.
• Choose your charting platform and live data feed for futures/commodities. We recommend:
TradeStation, NinjaTrader, MultiCharts, eSignal, & Trade Navigator.
• Paper-Trade your method until profitable with at least 75 trades. Use an account value that you will
use when trading with real money.
• When ready to Trade with Real Money do it just like you did when you Paper Traded.
• If your results are not as good as they where when you paper traded, it is more then likely your
emotions are the culprit. If you are losing too much, stop trading with real money and go back to
paper trading until profitable again.
