After Trading Forex For 5 Years, I Tried Futures ... | Honest Review
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- Опубликовано: 15 мар 2024
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#FUTURES #DAYTRADER 
Хобби
Zero spreads really next level 🫱🏾🫲🏽💰, hope everyone been killing the markets 🔥
Futures Broker I Will Be Using: trader.tradovate.com/welcome-live
Zero spreads is the way fr fr. I’m trading on a futures prop firm, Elite Funded Traders, and the more I go through this and see all the rules I see that they’re much more strict. They’re not looking for gamblers just throwing max lots to pass the challenge. They’re looking for consistent profitability. First 3 payouts on a $300k account is capped at $3500. After the 3rd payout it’s unlimited. But you have to qualify for the next payout by getting certain amount of trading days. They don’t play. They want consistency.
Zero spreads means the same thing as zero commission, if you then get higher commissions and fees: nothing.
The only fee to ever consider (besides swap) is the entry/exit fee.
That's the cost to open then close a trade without price changing.
....well, zero spread also means something for exact price levels, where orders would otherwise differ on buys/sells because of the bid/ask difference, but it doesn't mean anything for cost because it's likely the same or more, like how zero commissions add the commission cost plus extra to the spread.
Bookmap can help see that liquidity in the market on futures level 2 it’s a subscription and it was offered free on Td Ameritrade.
Welcome brother we are happy to have you your one of the real ones
Welcome to the Futures Market!!!
Futures is my life long best friend now. Same exact charts, same everything. Just contracts. Yeah you gotta do a little more to get an account and alll that but who cares your money is safe
PLEASE ADVISE .
I was told to spread my savings across different things like stocks and bonds to protect and support my retirement.with everything being shaky,I'm considering going into Trade.?
You are absolutely right.
I have same issue loosing in real trade but win in Demo.I think about giving up sometimes.
you must have these things in mind
1. Have a long term mindset.
2. Be willing to take *risk*.
3. Be careful, if you're not spending to earn back, then stop spending.
4. Never claim to know - Ask questions and it's best you work with an assistant.
The wisest thought that is in everyone's minds today is to invest in different income flows that do not depend on the government, especially with the current economic crisis around the world. This is still a good time to invest in gold, silver and digital currencies (BTC, ETH. stock,silver and gold)
Been trading futures and forex for a few years. Been commenting on youtube videos trying to tell people that futures is pretty much the same thing and you can trade with good leverage on regulated brokers. But everyone was regurgitating the same false information, saying you cant trade indices, while not being educated about it. Glad people are learning about futures finally. But there is slippage, missed orders, etc with futures as well. Just not as frequently.
What’s the minimum? U need heavy capital?
Sorry we don't need Forex scammers to come to Futures only mature serious people needed
I literally just started learning forex 😩😩 I feel so lost.
@@kristalliiite6408 Same, I just got a course too and started learning from it, now I come across this Future's which I have no idea what it is, with there being so much information out there, maybe my research is just done all over the place, but even so, learning about this new thing called future's when I have almost no knowledge on forex either, as a beginner, making me feel like I'm all over the place, wondering if I could still learn forex and could easily transition to future's if I wanted, with the skill's I will be building from learning forex, or if it had nothing to do with it, if it is better, how I have to pay attention to change's and so on, pretty annoying, but honestly all just a matter of taking the time to learn, I am not a US citizen, I think I will continue with my forex course, but I will also be looking into this Future's, if I end up changing my mind, I will do more research on this, if you don't take the time, I will just let you know about thing's, if you don't already, I say this coming from a new learner as well, and know how messy it feel's with trying to learn all the information out there, so I would like to help you out, as I said I know little to nothing either, but would be glad to help you out little by little, as I learn, don't be discouraged, this is a serious skill set to learn, it take's time and dedication, there are different market's out there, Forex, Future's, Stock trading etc, look into them all, similarities, what suits you best etc, if you got a laptop or pc and internet, its all you need to learn, I even use chatgpt, yes it can be wrong sometime's but ask question's according to your need's, like "What is future's trading", then if it say's something you don't understand, just point that part out, sorry if you already know these thing's, I just know how frustrating it can be to want to learn but don't know where to start.
My man!! I knew you would love futures. I started to say something over a year ago when I made the switch. It’s perfect for you because you trade fixed lot sizes anyway which is pretty much the same with contracts but the ease of getting in and out of trades is clutch for scalpers. Glad to see you in the mix. I’m sure it’s going to grow your accounts even more. Props to you for continuing to evolve and bring the people along with you.
yessirrrr lets run it up
Facts the no spread is amazing on futures and being able to execute directly off TV imo is the biggest W
Yo, does it have zero spread on the currency futures as well?
@@legacyanthony9588 Yes
its so smooth
ya it does@@legacyanthony9588
@@legacyanthony9588yes there is no spread on the currency futures
Your mindset and passion is very inspiring to me as I’m learning how to trade. I never traded Forex a day in my life but recently came to the conclusion that Futures is probably the best route for me to go rather than trading options which I was previously learning and practicing with. It’s great to see you now potentially transitioning over to trading Futures yourself since it will only make your content even more relevant and helpful to me.
I appreciate you sharing your journey and your knowledge on here bro, It really helps me along on mine. 💯
Forex is not going nowhere no time soon... I suggest you work and save your money and then trade and stop depending on the prop firms!!!
Most of the forex trading is on offshore cfd brokers platforms. It’s ass
Exactly forex has been around before us and will be here after us lol, get better and save your bread you regulated spread doesn't hurt you
Forex is here to stay it does the most volume than any trading market.
@@Guyfromtha619 🗣️Facts!!!
Honestly to me that's how USA fight competition.
Eg like they ban stuff
I’ve been with apex since last summer, no issues, payouts, and multiple accounts with trade copier. There’s a onetime payment of 150$ or 85$ a month depending on you. If you’re profitable you WILL get payouts, that’s the best thing about Futures. There’s no “you’ve been denied because” at least for me. I do agree that the market data fees are annoying but that’s just what it comes with.
Welcome. I knew that you would love it. I am in your Discord and also purchased your course. I love Futures. You have helped me tremendously. Thank you Doyle.
welcome to the group, make sure you watch them webinars 🙌🏾🔥
@@doyle__e I love them. They help me so much. Simple to follow. You are a natural teacher.
Well done Doyle thanks for pushing the big incentive, lots of love.... I've been testing Futures for 3 months now will go live soon.
Smart man! Best decision I’ve made is making that switch in November 😎🤙🏻 also most monthly fees on the prop firms side of things end after you pass your challenge then you pay the 1 time activation fee. 🙏🏻
Don’t forget that YES the futures market is simple but you can quickly blow your account as well. YES the prop firms are cheap but are made for consistent traders, let’s not forget about the unrealistic profit and Stop trail that some prop firms have to make sure your consistent. But once you’re REALLY consistent then everything will be a breeze
Learning a lot from you brother. And I just wanted to say thank you so much. Just switched to futures
We got em. Welcome to futures Doyle.
😂❤
Futures the future
@@doyle__e Been telling you for a while bro so I'm stoked to see you join us with futures. Excited to see where the content goes.
I stick. With nas100.. I don't trade. Prop firms. .... I used my own capital.. The process is slow.. It on the end of the run in 3 years . I am gonna be good or early than that.. If God permitted
same. Prop first just dont sound right to me no matter how many people have givin it good reveiws.
@@Nogovname People hold fast to it because of the BS about “risk management”. After being funded, it’s really all BS. Think about it, they don’t give you 100k to trade on the challenges, they give you 10k to flip or blow. Either way you lose 10k or make 10k, and that 1% risk BS is actually 10% of capital you have available to use.
You better off flipping or steadily growing you own capital bro, trust me.
Switched from Forex to futures almost a year ago. Best decision I ever made in my trading journey. main thing that stuck out between the 2 was the SL. Risk management is even a bigger deal in futures. Esp on the NQ minis lol
I'm favoured financially, Thank you Jesus $32,000 weekly profit regardless of how bad it gets on the economy.
That's awesome, which source/ platform did you use to earn such huge sum of money?
As I know it's possible, I'd appreciate it if you showed me how to do it.
Mrs mary smith service made me who I am today and God is the master planner 3
I know I'm blessed if not I wouldn't have met someone who is as spectacular as Mrs mary smith
I keep hearing a lot about Mrs mary smith, must be really good
idk
just some about seeing Doyle post everyday on IG
just some about Doyle relentlessly showing us transparency and motivation
just some about Doyle always preaching prosperity and truth
just some about being on this journey growing with Doyle.
Appreciate you heavily bro! Always here to listen and progress.
appreciate that fam fr... gotta show the real with this trading stuff
Thank you for sharing your analysis, been waiting on some content since you mentioned Futures in one of your previous videos
Honestly thanks so much Doyle! Going to try it out, I felt so stuck in the a box with forex. My fiancé rates you so much, thanks for the knowledge! 🙏🏾👌🏾
food job bro u finally figured out that regulations are looking out for us not the other way around. i've always done futures so u know 0 spread not anything bs or slippage straight price action
Don’t know if you know but to have real time data, you pay monthly and that can be anywhere from $40-$200+ depending on what data packages you want and whether you label yourself as “professional” or “nonprofessional”
*for those who don’t have the capital trade micro contracts you could trade the MES with $100*
As a long time subscriber.. Bro, you’ve come a long way 😎🥂 Keep going.
I am trading futures options just because of the tax discounts and no capital gains . I traded stock options last year my taxes for 2023 $43k all capital gains. I look forward to seeing your journey into futures.
What broker(s) or prop firm(s) you trade with if you don't mind me asking?
No prop firms! I saved my money and my family helped me . A heads up please invest in a Roth IRA as soon as possible, I just started my Roth IRA 2 years ago I am 50. That’s the game changer as far as getting away from the IRS.
@@rondelchambers9309 OK I see. Thanks. As far as the long term hold I got that covered. I got into that fortunately early back in 2007 and have been riding it since before I even learned how to trade. Thanks for mentioning that though. Long term hold is so under appreciated by most!
Word, thinking you mean indepedent contractor? Then yes
thank u for making this video i needed this last push to switch to futures i’m tired of the fx bs
fx industry
Great video, I totally understand transitioning from one style to the next, especially after being successful trading the other way. I have been a swing trader for 15yrs this year is my first leaning into to day trading and so far so good.
I just *can’t* bring myself to return to Forex, regulated or unregulated, after indulging in Futures. If you were already used to the cons that came with Forex in general and already know how to trade, then you should have a smoother time transitioning with a Futures platform.
The pro firms are way less. It shouldn’t take you a month to pass a future firm. I only pay like $18 for a 50 k I passed in 1 1/2 weeks. once you pass, you can pay a one time fee of 170 and you won’t have to pay no more for 10 years. The only thing I don’t like is you still have rules to abide by to get a payout.
What’s the firm!!?
@@TEETWOXX Apex always have sales and I just got funded with elite trader funding and I only paid $20 for 100K account but I don’t know if it’s still on sale though
What prop firm
@@TEETWOXXTOPSTEP AND APEX
Bro gotta drop the name😂
I switched over back in January welcome brudda
Hopefully we get some live futures trading from you. Welcome to the futures side 🤗 ❤
I first started looking into trading forex about a month and half ago. About 2 weeks ago I looked into futures and instantly thought this was it! I just started my first 50k eval! Trading supply and demand hope it works!
Ayeee ima have to join that discord now
🔥🔥Welcome to the futures market been trading futures for 13 years and never looked back. Started in futures stayed with it. Theres so much potential in trading futures and so many different assets to trade(indices, currencies, financials, commodities). Much success to you!!💵💵
Thank you for this video♥️
Let's gooo Doyleeeee for the win🎉
*Been trading futures for a year now and it’s the move!*
Somebody needs to make a video on prop firms and brokers that allow trading forex currencies. It's my understanding that only US currency pairs are allowed to be traded here in the U.S.
From my understanding about Futures prop firms, the "monthly fees" are only if a person does not pass the eval stage to the live account within 30 days of buying the challenge. I was told once a funded account goes live, there are no monthly fees.
I couldn’t figure out how to set up Tradovate…. Can you do a video on getting an account set up.
Been trading futures over a year now its most definitely top dog like you say scalper paradise! Nice video!
@@EdgeTradingFX- Whats up who this lol I remember Airo
Great vid!
Futures or options is def the way to go instead of forex, just due to regulations and the lack of BS to deal with. Paying for data is normal for stocks or futures for the most part, very common
yeah its not that bad
Please make a video on futures contracts and fees in details later on. Great video as always 👍
It's been nice knowing y'all ✌
That auto liquidation shit pissed me off so bad the other day😂 Literally had to eat my damn drawdown. I am using Tradovate also and it’s very smooth
this🔥🔥 bouta start trading futures fr
Started trading with futures never look back
Real
what a liar 🤥
Welcome bro you ll love it
I’ve been trading futures and it’s lit never going back to forex
😂😂 i feel you bro
Same!
Have you tried running your Tradovate through Trading View?
so propfirms the move stil or ??
Let’s us know about withdrawals
I heard lambo Raul was getting denied withdrawals
Doyle God Bless you for updating us. Could you explain more about how auto liquidation works on futures so we avoid it?
Close all trades 15 min before 4pm Eastern Standard Time and you'll be good. Also make sure you know what the electronic trading hours are for various assets some end before others don't quote me 100%, RUclips is where I get most of my info and it's not always reliable lol
Hey Doyle, for how long do you think you will be sharing your trades in the chat group? I would like to keep learning while taking the trades
Can you make a vid about explaining futures and your setup, how much capital would you recommend for starting.
have you learned about switching contracts every month too? I'm currently learning and i find that a little confusing lol
Do you move your stop loss once it’s been set? Do you trail your stop loss . (Day trades). Do you let your stop loss get hit?
Please do a video explaining how to convert from forex to futures. From a-z if you can. This is a NEW experience for all of us and your insights would be greatly beneficial. What you have learned so far and how we need to implement it. I appreciate all you do for us and want you to know that, Thank you
Will you be doing live trading with futures?
Welcome brother!! I’ve been telling you for years 😂
How do you like Tradovate Platform, though?
futures is the way !
Bro, do you have any recommendations/ suggestions on where I can/ should even start? I'm a complete trading virgin, with $700 as a start. I just don't even know where to start. Thanks!
Futures prop firms are way better than forex prop firms. I just passed my very first futures challenge. Excited to start getting to this money knowing my hard work and discipline worked in my favor with no sketchy business from the firms.
For newbies entering futures or options, keep in mind if you use a take profit and stop loss order you need to manually cancel them.
If you are long, and price hits your SL, manually close the TP order (which is a sell order) or you run the risk of price reaching that TP order and activating a sell position.
Some platforms allow you to link a TP order to a SL order so that when one closes the other is closed as well.
For some reason I’m not understanding what you’re saying. Can you explain it again in kindergarten
@@zee-aaliyahi got u. say for example, you open a position (nq for this example) go long at 18250, stop loss at 18210, and a take profit at 18290. stop loss gets hit at 18210 but, your 18290 order is still open. price goes to 18290 (your original take profit) then pumps to 18340 before you catch it. you have now lost twice😂
Seems like those fees is the price we pay for security. It probably costs them a lot to go through regulations so they passing the cost down to us. But those zero spreads makes up for it.
No it’s for the data to the liquidity provider. That’s why the entering and exiting is so smooth. Offshore cfd brokers use 3rd party LP’s. Futures they only use the CME. Chicago mercantile exhange which is a regulated market for derivatives
Also same price for all instruments unlike forex and cfd brokers
Where can i read about the guy Doyle is talking about, failed 80k payout? Anyone a link please? I couldn't find anything
I’ve been trading forex on and off for a few years. I tried a futures prop firm challenge and passed in 13 days. It’s really the same just a lot of new lingo.
Just switched over to futures from forex after trading for 3 years. I immediately noticed a difference. Faster to enter and exit trades.
I started with $200 and trade micro Nasdaq and im starting to be profitable. I average $50 to 100 a day. I dont trade Mondays though.
same here bro it’s amazing!
@@user-zg8rp8uw6p LOL. I'm not a bro, though... 🙋♀️
Futures are regulated, so Prop Firms and Brokers have to play nicely. Starting with Options and Futures and trying Forex I was shocked everyone was okay with the spreads and manipulation. Welcome and enjoy Futures.
Noticed this about way back when mt4/5 was removed from apple store due to the Russian sanctions,that is when real trader's moved to futures.
Bro connect your tradovate account to trading view. Way more clutch to place trades
After being burned by forex prop firms so many times. I switched to futures a month ago and never going back.
isnt it basically the same as cfds with raw account
Can you trade futures outside US?
What are some of the futures on can trade?
S/O to the Discord 🔥🔥🔥
Hey Doyle hope you doing well. Would love to join your private discord but am still trading CFD with prop firms. Will you still be doing outlooks and chart education on forex in your discord? I really wnat to learn from you as well as trade. Currently I got 2 payouts and I bought another 50k account which I plan to pass slowly.
Can anyone tell me the difference between, I’m learning to trade forex but if futures is better why not try it before I go live and time a waist of time
How much money do you need to trade futures?
I’ve been wanting to buy your course and I’m finally in a position to do so but just made the switch to futures as well, will the strategy work the same?
Yes
Futures yaaaaaaaasssssssss…… NO freaking spread!!!! Get it Doyle!!!!!!
What “fees” are you referring to like the day margin and maintenance margin ? Because those are determined by the time you trade !! U must’ve been trading after 4:50 to be charged that much because day margin isn’t a lot
I'm sure he's talking about the NFA fee, clearing fee, and exchange fee (applied to each contract)... If you open a position with a lot of contracts or make multiple scalps a day, fews can get expensive
I think you'll also find it better from a tax perspective. Profits made from trading futures are subject to a blended rate between short term and long term gains. The other CFD trading was all taxed at the higher short term rate.
Can you use Magic Keys on futures ?
What I don’t like most about futures is the maximum daily win. I trade what the market gives me. It ranges most of the time so when you get a trend day, that’s your opportunity to make the best trade but they limit you
gotta open your own acct leave the prop firm after building funds
are forex unregulated brokers that sketch? i'm new to forex so i'd like advice on it
All please be aware the futures industry does have more rules as far as scalping and the time an order has to be in the market and then canceled. The rules can be different for each exchange. The fees are higher than forex. Always has been. If you have questions, you can call the exchange and get directed to their rulebook.
I say all this because the futures exchange will fine you for improper following of trading rules. And the fines will not be cheap.
i do better trading in futures then I ever did in forex, my game has gone up tremendously scalping in futures .. i should have switched long ago to futures and the prop firms only charge the monthly fee until you pass eval and its cut off you just pay a one time activation/data fee and that's it after that
Happy that you switched. We are predicting the future after all. 😂
Quick tip for y’all:
NQ and ES shows divergence. Backtest it in hindsight using other confirmations. Do not use it by itself.
Happy trading y’all. 💯
Passing prop firms like Topstep is super easy!!!!
wow cool thanks for sharing
Facts 💯
Next video you gotta brek down the lots/contract sizes per tick or point next video please
Monthly fees on prop firms are for evaluations.
what about crypto?
Don’t you have to pay monthly payments per month for futures
would rather get in at the right price and pay more fees than deal with spreads and laggings
exactly...