The following is a short extract from the course "How To Trade The Futures Market", please click here Trade Futures Course for full details on how to obtain the full text, futures trading simulator along with sample data and bonus trading ebooks package.

Find: Floor trading trader real through find soon day could immediately.

The frustrations of bad fills, inaccurate data and high commissions caused me to go and find out what happened on the floor of the exchange, to see if I could find some alternative to the way I was trading. Through my enquiries, and some chance encounters, I found myself being given a tour of LIFFE by the respected veteran trader David Morgan. When we first walked through the doors that led onto the floor I was met by a barrage of shouting that was soon accompanied by the riotous spectrum of colour and activity that was the hallmark of open outcry trading. As soon as I saw the floor I immediately knew that I had to trade there. What became quickly apparent were the advantages of floor trading and the 8 disadvantages of off-floor trading. As a floor trader, standing in the trading pit where all the orders for that particular market were executed, I had real real-time information I could execute my trades immediately and my transaction costs dropped by over 93% The following diagram summarizes the pros and cons of floor vs. off-floor trading. It was a clear as day, if I wanted to be a profitable day trader I had to be trading on the floor. Direct Access Trading

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How To Trade The Futures Market

For full details about this detailed course, which includes a futures trading simulator software package complete with some sample trading data, and free trading ebook package please click here Futures Trading Course

If you are more interested in trading the eminis you need to review these emini - e-mini trading courses