If you check out Chris Dunn’s emini day trading blog, you’ll learn a lot, and you’ll learn it a lot faster than you likely would all by yourself. Dunn is a master trader who makes a lot of money with eminis. It only makes perfect sense to learn from the masters at anything that you yourself want to master. Dunn’s emini day trading blog is one of the best learning tools you’ll find-and remember, this is your money we’re talking about! In addition to knowledgeable and clear writing about eminis, you’ll also find helpful and professional videos at Chris Dunn’s emini day trading blog.

One of the most important things that Dunn has blogged about is, quite simply, helping people who want to get into trading understand exactly what “futures” are. He has heard a lot of misconceptions about futures among people, and these lead to an irrational and debilitating fear of the futures market, or a lack of appreciation of the need for futures trading strategies.

A “futures contract”, says Dunn, is analogous to a contract for the purchase of a house. First, you and the seller sign the contract. Then, you pay and the house is delivered to you (well…the keys the house are delivered to you). In a futures contract, you purchase either the right to buy or sell the underlying asset-such as a commodity like wheat, coffee, rice, pork bellies, oil, etc-at a later date at a price agreed upon in the immediate moment. There is no obligation if you own a futures contract for you to buy or sell the asset, you simply have the right to do so as long as you act by a specified date.

Unlike the standard futures contracts, however, eminis futures contracts are not traded in the trading pits by live brokers and traders at the Chicago Board of Trade. Eminis, instead, are electronically traded, meaning that you can trade them from home via the Internet. “E” indicates “electronically”, while “mini” means that this contract is only one-fifth the size of a standard contract. Why would you want a much smaller contract? It’s because the emini futures contract is far more affordable for you to get into, as the margin account requirements are much smaller than standard margin requirements, too.

What Chris Dunn teaches you how to do as a futures contract trader is to make profits on “points”. A point is a $1 change in the underlying price of the asset (Dunn uses an index as his “asset”, the SP 500 emini futures contract).

How does Chris Dunn get it done, and how can you do the same? Visit his emini day trading blog to find out!

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