Disclosure: when you buy through links on our site, we may earn an affiliate commission.

Stock Market: FUTURES INTRODUCTION

So what are futures? These are financial products similar to options, yet they come with a few key advantages such as far better capital efficiency (due to g...
4.7
4.7/5
(3 reviews)
113 students
Created by

9.0

CourseMarks Score®

8.4

Freshness

9.2

Feedback

8.9

Content

Platform: Skillshare
Video: 55m
Language: English
Next start: On Demand

Top Trading courses:

Detailed Analysis

CourseMarks Score®

9.0 / 10

CourseMarks Score® helps students to find the best classes. We aggregate 18 factors, including freshness, student feedback and content diversity.

Freshness Score

8.4 / 10
This course was last updated on 7/2020.

Course content can become outdated quite quickly. After analysing 71,530 courses, we found that the highest rated courses are updated every year. If a course has not been updated for more than 2 years, you should carefully evaluate the course before enrolling.

Student Feedback

9.2 / 10
We analyzed factors such as the rating (4.7/5) and the ratio between the number of reviews and the number of students, which is a great signal of student commitment.

New courses are hard to evaluate because there are no or just a few student ratings, but Student Feedback Score helps you find great courses even with fewer reviews.

Content Score

8.9 / 10
Video Score: 7.7 / 10
The course includes 55m video content. Courses with more videos usually have a higher average rating. We have found that the sweet spot is 16 hours of video, which is long enough to teach a topic comprehensively, but not overwhelming. Courses over 16 hours of video gets the maximum score.
Detail Score: 9.0 / 10

The top online course contains a detailed description of the course, what you will learn and also a detailed description about the instructor.

Table of contents

Description

So what are futures? These are financial products similar to options, yet they come with a few key advantages such as far better capital efficiency (due to greater leverage). Futures allow you to speculate on price direction for a vast variety of products (oil, gold, interest rates, the S&P 500, etc.), and through the superior leverage they offer, you can generate very large returns on a small amount of capital. However, there are always risks involved, so if you’re interested in learning more about these products, this is the course for you!

You will learn

The class project is simple…

  • Find three products you are interested in trading futures on.
    • Examples include:
      • Gold (/GC)
      • Crude Oil (/CL)
      • Wheat (/ZW)
      • S&P 500 (/ES)
  • For each product, make a directional price assumption based on your judgement.
    • If you think the price of gold will increase, for example, your directional price assumption would be bullish.
    • If you think the value of the S&P 500 is too high and will decrease, your directional price assumption would be bearish.
  • Identify the price points where you want to enter and exit your positions.
    • For example, if gold is currently trading at $1800.00 per ounce, you may be totally fine with buying a /GC contract at that price, or you may want to wait for the price to drop a bit before entering. Limit orders can help with this by allowing you to set the price at which you want to enter a position.
    • Similarly, knowing when to cut losses or take profits is also crucial. 
      • Perhaps you enter a bullish futures position on gold at a price of $1800.00 per ounce. But if the price actually falls to $1750.00, will that be your signal to get out and cut losses? Maybe $1780.00? Or $1795.10? This is for you to decide based on your risk tolerance and overall opinion on the price of gold.
        • Keep tick size and notional value in mind! A $50.00 drop in the price per ounce of gold translates to a $5,000 loss for your position.
  • In your trading platform of choice, (I recommend TD Ameritrade’s ThinkOrSwim if you don’t have one yet), buy or sell futures on the products you have chosen based on your directional price assumption. 
    • If you are bullish on gold, then you’ll be buying a /GC contract.
    • If you are bearish on the S&P 500, then you’ll be selling a /ES contract.
    • Stick to trading contracts in the nearest 3 expiration cycles. This is where the most liquidity exists. 
    • NOTE: I highly recommend you do this in a paper trading (fake money) account for the following reasons:
      • The initial margin for some of these products can still be quite large. Entering into three futures positions may require more capital than you currently have in your (real money) account.
      • Leverage can be dangerous for beginners, so if something goes wrong in one of your positions, you’ll be able to simply reset your account balance back to where you would like and learn from what happened. 
  • Observe your trades periodically each day to monitor how the gains and losses fluctuate (based on tick size and notional value). 
    • Be ready to cut losses or take profits when those price points are reached.
    • You can set alerts to notify you when this happens, or you can use GTC limit orders to take profits and stop loss orders to cut losses automatically for you.
    • NOTE: To close out of a trade, do the opposite of what you did to open the trade.
      • If you initially bought a gold futures contract to open a new position, then you will sell a gold futures contract (with the same expiration) to close out.
      • If you initially sold a gold futures contract to open a new position, then you will buy a gold futures contract (same expiration) to close out.

Once you are out of all three trades (hopefully for profits!) you should have some newfound confidence in your futures trading skills! And if not, don’t be discouraged! Starting with a paper trading account will allow you to keep trying until you finally get the hang of things.

Feel free to share screenshots of your trades to give other students ideas or if you would like some feedback!

Requirements

There is no prerequisite, anyone can begin this course.. This course is also great for beginners without any Trading knowledge.

This course is for

This course is suitable for beginners.

How much does the Stock Market: FUTURES INTRODUCTION course cost? Is it worth it?

You can enrol in this course with a Skillshare subscription that costs $8/month, but you start with a FREE 7-day trial. You can also enrol in thousands of courses on a variety of topics with your subscription, including several Trading courses.

Does the Stock Market: FUTURES INTRODUCTION course have a money back guarantee or refund policy?

There is no money-back guarantee with Skillshare, but you can start with a free one-week trial to learn without risk. With the subscription, you can download classes to your tablet or phone using the Skillshare app.

Are there any SCHOLARSHIPS for this course?

At the moment we couldn't find any available scholarship forStock Market: FUTURES INTRODUCTION, but you can access more than 30 thousand classes for $8/month on Skillshare, including this one!

Who is the instructor? Is Scott Reese a SCAM or a TRUSTED instructor?

Scott Reese has created 24 courses that got 61 reviews which are generally positive. Scott Reese has taught 3,079 students and received a 4.4 average review out of 61 reviews. Depending on the information available, Scott Reese is a TRUSTED instructor.
Engineer & Investor
Engineer & Investor

9.0

CourseMarks Score®

8.4

Freshness

9.2

Feedback

8.9

Content

Platform: Skillshare
Video: 55m
Language: English
Next start: On Demand

Students are also interested in

Review widget (for course creators):

Stock Market: FUTURES INTRODUCTION rating
Code for the widget (just copy and paste it to your site):
<a href="https://coursemarks.com/course/stock-market-futures-introduction/" target="_blank" title="Stock Market: FUTURES INTRODUCTION on Coursemarks.com"><img border="0" src="https://coursemarks.com/widget/90.svg" width="200px" alt="Stock Market: FUTURES INTRODUCTION rating"/></a>