Futures Trading Courses
Taking the time to participate in futures trading courses can help beginners learn the basics and can assist more experienced traders in honing their investing skills. In our guide to online futures trading courses, we cover what to look for when comparing providers, from learning styles to on-hand support and fees.
Futures Trading Explained
Futures are derivative financial contracts that allow buyers and sellers to exchange an asset at a predetermined price. Contracts have expiration dates that are known upfront. The buyer must purchase or the seller must sell the underlying asset at the set price, regardless of the market value at expiry.
Popular types of futures contracts include:
- Precious metal futures (Gold & Silver)
- Currency futures (GBP, USD & EUR)
- Stock index futures (S&P 500)
- Commodity futures (oil & gas)
- US Treasury futures (bonds)
- Crypto futures (BTC, ETH etc)
Futures trading is typically undertaken using leverage, meaning that an investor doesn’t need to put up 100% of the contract’s value when entering into a trade. Instead, brokers request an initial margin amount which is a fraction of the contract’s total value. As a result, futures traders can open larger positions – amplifying both potential gains and losses.
See our full guide to futures trading here.
Why Sign-Up To Futures Trading Courses?
It takes dedication and careful study to become an excellent trader. Fortunately, taking online futures trading courses can teach you new strategies to maximise profits and give you a better understanding of particular markets that you want to trade. Training materials and education services can also help you understand the implications of margin trading and develop effective risk management techniques.
How To Compare Futures Trading Courses
It is possible to find online futures trading courses for free. These are available from providers like CME Group, though videos are also uploaded to YouTube by various users. While free futures trading courses can provide basic information, they are generally limited in terms of specific strategies or tips. In addition, anyone and everyone can offer a free course. Paying for a futures trading course may guarantee better quality information from a more reputable teacher.
Some courses are relatively low cost at around $12 per class. Most providers at the cheaper end of the scale offer several educational futures trading courses depending on your skill level. Lower cost options also mean you may be able to try out several courses to find a provider that meets your needs.
It goes without saying that more advanced courses with greater exposure to live futures trading generally come at a greater cost, usually between $40 to $100 per month. In return, more hands-on advice during live market events is generally offered.
As always, there are extremes. The Day Trading Academy (DTA) offers futures trading courses for all levels of investors. Those interested in the program can attend a live futures trading class for free but the full course is approximately $3,000. The price includes all online access, 3 months of one-to-one mentoring, weekly webinars and live trading classes, plus video recaps.
Tradenet is another provider at the more expensive end of the scale with many popular trading courses and the most advanced costing $9,000. This comes with a variety of tools and also grants access to a 3-month mentorship program. Once you’ve joined, you can also apply for a $240,000 funded trading account where you receive 85% of the net profits that you make.
Reading customer reviews is always a good way to assess which futures trading course is for you. With that said, bear in mind that one bad review from someone who lost money when trading does not necessarily mean the course itself is low quality. Take time to read online reviews but do take them with a pinch of salt.
It seems an obvious factor to consider, but if you are just starting out, make sure that the futures trading course you choose is aimed at newbies. Before learning how to start futures trading, beginners need to understand market basics and trading terminology. A short online crash course in futures trading might be a good place to start.
As you gain more experience, you may want to refine your trading strategy or develop a new approach. Fortunately, there are futures trading courses aimed at intermediate and advanced investors. Advanced futures trading courses can help students to grow accounts and generate consistent profits.
TradePro Academy is a good place for intermediate traders to create a plan based on their goals. Their futures trading course also covers trader psychology.
What learning style is best suited to your lifestyle? Interactive courses will be live, so you need to be at each lesson at the time it is held to benefit from interacting with the teacher and other learners.
Interacting with professional futures traders may cost more too as you will be paying for their expertise and time. However, you get what you pay for and will have the benefit of being able to ask questions and receive feedback.
Pre-recorded futures trading courses are a good option if you’re busy and can’t commit to a set timetable. They also tend to be cheaper or even free as you can access the videos any time. On the downside, this style does mean that you can’t ask questions or get additional explanations if you don’t understand something. In addition, the teacher is less likely to provide feedback on your trading skills.
Some futures trading course providers grant students access to a live trading room. For example, Stefanie Kammerman, known as The Stock Whisperer, allows people to watch her trade futures live. The first month is $9.95 and after that, it is $69.95 a month. She also sends out weekly videos with a recap of her best trades.
Having fellow students that can support and guide you is always a plus for any day trading futures course. Reddit users, for example, often exchange trading tips and rate resources like YouTube videos and books. Other online forums can also be a good place to meet like-minded futures traders.
Teaching Support & Mentoring
It can be hard to self-evaluate your own day trading performance, especially if you are new to the game. Mentors or course leaders should be able to give professional advice and detect any major errors you might be making.
Some futures trading courses offer continued support, providing mentors to help guide you on your trading journey even after the initial series of sessions have finished. This can prove useful as it’s all too easy to fall into bad habits.
Some day trading schools also let you revisit key lessons to continue learning about new developments in the futures trading space.
Types Of Content
How courses are delivered can make a huge difference. Day trading schools may offer courses online or sessions that can be accessed as personal consultations and group sessions. Other futures trading courses are delivered audio-only, which may suit some investors.
Video futures trading courses are often more popular. However, it’s important to consider how these can be watched – is it desktop only or are you able to watch them on your phone? The accessibility of the content will suit different traders’ needs.
While watching live trading demonstrations can be insightful, simulators are also a great tool to practice. Fortunately, courses from the likes of CME Group offer a proprietary trading simulator.
Gaining an understanding of futures markets can also be achieved from textbooks, often at a small cost compared to the price of in-depth online courses.
Anyone can offer a course nowadays, so when reviewing providers be aware of a few signs that could suggest someone is a fraudster:
- Secret market tricks
- The promise of huge returns
- Urgent sign-up requirements
- Free “offers” on “expensive” courses
Pros Of Futures Trading Courses
There are several key benefits of registering for a futures trading course:
- Good for beginners
- Practice using simulators
- Risk management techniques
- Learn from experienced traders live
- Experienced traders can learn new strategies
Cons Of Futures Trading Courses
There are also some drawbacks to signing up for futures trading courses:
- Providers can be expensive
- Some online scams circulating
- Good courses are time-consuming
Final Word On Futures Trading Courses
Quality futures trading courses can provide new investors with a solid understanding of key markets and strategies. For more experienced investors, futures trading courses can help develop advanced skills with live demos and simulations. Be sure to read customer reviews before signing up and be aware that free courses may offer sketchy advice.
Are There Free Futures Trading Courses?
Yes, there are several free courses out there, particularly on YouTube. Bullish Bears free online futures trading courses on e-mini futures and micro futures strategies can give you the building blocks on how to become a successful investor.
What Are The Best Futures Trading Courses For Beginners?
Simpler Trading’s Intraday Futures, Currencies, and Commodities Trading Expert and Statistician offers a one-hour crash course in futures day trading. It is designed for traders of all levels. Udemy futures trading courses are good for beginners too – they last between 5 and 20 hours and are reasonably cheap. Finally, CME Group’s Learn To Trade Futures starts at the very beginning, is free and can be revisited.
What Are The Best Futures Trading Courses For Advanced Traders?
Jake Bernstein, TRADEPRO Academy and The Stock Whisperer are great online courses for traders who are more experienced and are looking to refine their skills. Prices can vary significantly so head to the respective website for more details.
Can I Take A Crypto Futures Trading Course?
Yes, there are crypto futures trading courses available online. Udemy has one for £44.99 where you can learn how to trade cryptocurrencies futures with simple and easy-to-understand strategies. You’ll learn how to close futures positions, how to read crypto price charts and how to trade futures in a practice environment before investing real money.
Where Can I Take A Futures Trading Course?
The beauty of online courses is that you can take them anywhere in the world. You can also take in-person courses in many places, including Dubai, Malaysia and Singapore.