Thanks to technology individual traders are now on an even playing field with the traders on wall street.  In the old days, you had to call your broker to place a trade on the Chicago Mercantile Exchange or the New York Stock Exchange.  And unless you had state of the art data feed into your home office, you had little chance of keeping up with the big boys.  However, around the year 2000 high speed internet connections were becoming affordable for the average person.

With the emergence of direct access online brokers and personal high speed internet connections came the live emini trading room.  It was set up with a moderator (preferably a professional trader) giving live commentary in an online trader chat room. Typically, this person would give his or her opinion on what the market was doing and what trades they were taking. You could then take that information and use it to make real-time trading decisions. This was a huge leap forward for traders like you and me.

However, the first futures trading rooms weren’t the best way to learn how to trade.  First off, it was very expensive to have a microphone feature to where you could hear the moderator talking. This left only text chatting, which was very difficult to trade in real-time. For example, by the time the moderator typed his recommendation into the room, and you read it and tried to place your order, the trade had already moved away from the entry price.

Since the early 2000′s, technology has come a long way. Now we have the ability to share our screens and talk through VOIP. In other words, it’s like you’re sitting right next to the person giving the market commentary.

When you’re searching for a live emini trading room, make sure to get involved with a company who teaches you their strategy first. It’s very important that you know why you’re taking the trades that are being called in the chat room. You must have confidence that the trades being called have a high probability of winning and fit your personal risk tolerance and trading style.

In the Emini Academy’s live emini trading room, our students are able to see our professional traders point out the MAP Trading Strategies setups in real time. We take the time to make sure everyone understands why we’re looking at certain trade opportunities.  You’ll see our screens, hear our voices, and be able to interact with us live.

As you probably already know, entering a winning trade is only half the equation. You’ll still need to profitably manage the positions you enter. Our professional traders take the time to point out the different risk management options and help you trade in a way that meets the rules for our setups.

You can get a 7-day free trial to our live emini day trading chat room. As a member, you’ll also learn all about the MAP Trading Strategy and how we trade the futures markets for daily income!