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Learning how to trade futures can be extremely profitable — but it takes a lot of dedication and careful study to learn to be a good futures trader. Futures trading isn’t for everyone, but to know for sure, why not check out a futures trading course to learn the basics? Or take a course to hone your skills if you’re already a dedicated trader. Here’s how to get started.
Best Futures Trading Courses:
Here are Benzinga’s top choices for online futures trading courses. You’ll see beginner through advanced classes on many of these sites, so you must decide which one is best for you.
Are you looking for a course that has more interaction with a professional futures trader? If so, you might pay more because you’ll pay for a professional’s expertise and time. Maybe you’re simply looking for a course that can teach you the basics through videos. In that case, there are many cheaper (or free!) options.
We’ve split them up into 3 categories: best futures trading courses for beginners, best overall futures trading course and best advanced futures trading courses. Each category is then split by the lowest price point, medium price point and the highest price point.
Best Futures Trading Courses
These beginning trading courses teach the basic rules and terminology of futures trading and help you understand the market better.
1. Simpler Trading
Do you need a lot of capital to succeed in today’s volatile market? Some say yes but because of the leverage available in different markets, if you understand the potential within the futures market you can use it to profit.
That’s what Neil Yeager sets out to achieve in this one hour crash course designed from anyone from beginner to advanced trader. He’s the perfect guide to help you understand how to take advantage of this market.
After all, Neil is Simpler Trading’s intraday futures, currencies, and commodities trading expert and statistician. He has a wealth of knowledge about the markets. His combination of market profiling, Japanese candlesticks, and statistical data he pulls from personal studies he conducts on the ES will improve your knowledge of the markets immensely. He’s methodical and conservative in his entries and has excellent risk to reward ratios on his trades. Neil’s strategies are strengthened by statistical modeling and backtests.
Because of recent extreme market volatility, even if you don’t trade futures, Neil’s statistical approach to market analysis is sure to improve your trading. So for a limited time, Simpler Trading is offering instant access to their Futures crash course recordings at a special discount. Act now before this offer expires.
Udemy is a low-risk way to try out futures trading — some classes like the Futures Trading Ninja: DIY Futures Trading Course are perfect for beginners.
Most of the courses are between 5 and 20 hours, and you can try out several for a relatively low price of $11.99 per class.
You won’t get any feedback on your trading skills, but it is an inexpensive way to understand how futures trading works.
3. CME Group
To be a successful futures trader, you have to start from the beginning. CME Group teaches a Learn To Trade Futures, a course that shows how contracts work, incorporates expiration dates and how to trade in tick increments.
The best part? CME Group is 100% free, and you can revisit it as many times as you like. However, because it’s free, it won’t have as many strategies or tips that other courses on this list might have. This course is a great place to get your feet wet, but consider expanding your knowledge with a paid course.
4. UC Trading
The UC Trading Mentoring is a futures trading mentorship program entirely based on pop trading knowledge offering a professional and unique trading approach that most other providers do not have access to. It is accompanied by diversified coaching mediums such as a workbook, Discord server, videos, webinars and 1-on-1 coaching sessions to ensure the best possible learning experience.
The mentoring is led by a former private banker and experienced professional in his field of work maintaining 10+ years of experience in the financial markets.
In close collaboration with the mentor, this course will teach you:
- Prop trading knowledge
- Profitable strategies
- Learn to read the markets
- Developing your individual trading plan
- One-on-one coaching
The entire coaching process is clearly structured and follows three phases guiding you through the various steps to become a successful day trader.
Phase 1 focuses on building a theoretical understanding of the futures markets and day trading principles through the workbook and enclosed exercises.
Subsequently, phase 2 puts theory into practice providing you comprehensive educational content through their Discord server including numerous sample analyses, trades, and supplementary insights from other community members. Here you can ask all remaining questions and receive individual support as well as share your trades to get a detailed review. In addition, the Discord server provides access to videos and webinars providing you further learning resources to guide you best possible through the learning process.
Finally, in Phase 3 your trading becomes more independent, you have acquired an extensive theoretical as well as practical knowledge that is now applied in the markets. Through continuous trade reviews and in close collaboration with the mentor, you will develop an individual trading plan fitting to your individual personality. That is accompanied by 1:1 sessions to ensure you are reaching your goal of becoming a consistently profitable day trader.
All this comes to you for 1499€.
What is Futures Trading?
Futures trading has everything to do with the future. Futures trading is a contract between a seller and a buyer that some asset — typically a currency (dollars, euros, etc.), an index (group of stocks) or commodity (physical substance like gold or oil) — will be bought or sold for a specific price on a particular date in the future.
Futures traders do not trade contracts with the intent to actually take possession or distribute a particular commodity. Instead, futures traders take advantage of price fluctuations that might happen after a sale occurs.
You can trade futures contracts on specific exchanges. Markets like the Chicago Mercantile Exchange (CME) or Intercontinental Exchange (ICE) are 2 places where you can trade futures.
Unlike the stock market, futures trading doesn’t have restrictions like minimum capital required or time restrictions. You can sell and buy contracts whenever the market is open. In addition, futures traders don’t need to have $25,000 of equity in their account, which is the capital requirement for day trading on the stock market in the United States.
What Makes a Great Futures Trading Course?
Online courses can teach you about futures trading, but look for a course that will give you a strong understanding of the market that you want to trade, as well as strategies to maximize profits. Some courses even offer continued support and mentors to help guide you in your journey once the class has ended.
Look for these characteristics when you choose a futures trading course:
- Strong foundation: You must first have an understanding of the futures market to learn how to start trading futures. These courses should teach you the strategies you need to help maximize your profits.
- Mentoring: Course leaders who are objective observers should be able to help you learn. A mentor can help give professional advice on how to correct any fatal flaws you might be making.
- Ongoing support: Some trading schools can offer continued support or allow you to revisit key lessons to continue your education in the futures trading market and learn new developments — particularly in technology.
Put Your Skills to the Test
Make sure you choose your futures trading course wisely. Before you sign up, read all the reviews. Let’s say one person writes a bad review because he lost a lot of money to futures trading — it doesn’t necessarily mean that the course itself was bad. It could mean that the student didn’t put into practice what he learned. Take the time to read the description of a particular course to learn what you can expect from your futures trading course.
If you do decide that you want to take one of these futures trading courses, make sure that you take full advantage of the opportunity — engage yourself and learn as much as possible.
Interested in more information about trading futures, check out futures education courses on Benzinga.
Frequently Asked Questions
There are several factors to include: the fundamentals, mentoring and ongoing support.
The best ones Benzinga recommends include Jake Bernstein and TRADEPRO Academy.