## Just what is this emini day trading?

Not so hard, really — emini day trading (also know as e-mini, for electronic miniature) is a mini contract that is traded on a daily basis through electronic market platforms.

## I’ve heard that the majority of people fail when they attempt trading. Is this true?

Without a doubt, and there are two basic reasons. Day traders who don’t make it are both under-reliant on what the industry calls „systems“, using long-game tactics in a short game world, and they often don’t have the requisite mental strength to handle a day trading environment. Good traders know how to apply both of these.

It’s like a psychiatrist’s office inside a trader’s brain — all sorts of emotions coursing back and forth throughout a single day, especially for a day trader. So being able to handle these (in the guise of a system that has clear rules) makes things a lot easier, and brings success quicker.

## I know that people make money when the markets go up. What about when the markets go down?

Remember that often a market will go down 3 times as fast as it goes up. In emini day trading though, it’s not really important if things are moving up or down. In trading futures, you can go long or short, depending on the specific situation, and thereby take advantage of all market fluctuations whether they be up or down. So whether or not the market is going up or whether it is going down, you can still make money.

## What is a demo account?

A demo account is place to practice and refine what you have learned without any financial risk. Here you make trades within the parameters of the system you are learning to develop good habits of trading. Importantly you should diligently stick to your style and system to grow your good habits. Then when you are ready to start with real money, you will be able to hit the ground running.

## How long will it take me to make money?

This is the question that everyone asks. Everyone is different, with some people understanding the concepts before others. Generally, the more work you spend on learning and refining your craft, the sooner you will see financial reward. Most emini day trading students spend a couple hours per day for at least a month before they begin with a demo account. Your first 3 months of trading will not be the gauge for your entire career as you are just beginning to apply the skills you have learned.

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