I recently went through the entire EMini Success Formula 2.0 by Todd Mitchell(founder of Trading Concepts Inc.), which is an extensive training product on how to trade E-Mini futures and wanted to provide a detailed, honest review.
First off, let me say that if you have read other posts on my site you will know that I mainly focus on stocks and options. I am familiar with futures but never got into trading them (I have mostly just traded the futures options by selling option premium).
I decided to go through E-mini Success Formula 2.0 because Todd Mitchell provides great quality training and because I was interested in the best way to trade E-mini’s. You can lose a lot of money if you don’t what you are doing trading futures, so you want to make sure you have a solid understanding and plan before trading futures/E-Minis. (If you aren’t into active trading then E-mini’s and futures probably aren’t for you.)
EMini Success Formula 2.0 Review
I have been through lots of trading education and what impressed me the most with the course is that Todd provides a lot of great detail at the beginning about trading psychology, how to approach trading as business, and how to be successful long-term as a trader.
There is no hype like you see with many trading products out there. You need to have the proper mindset in that you are developing a skill and have to work at it to be successful trading E-mini’s.
The course flows through a series of modules that progress from brand new trader and evolves into “Master” trader. Each level is multiple steps with detailed videos and lots of PDF’s to print out and read.
The course is extremely detailed and well organized in presenting the key components to being a successful trader.
It is easy to get information overload with trading and jumping around to different indicators and strategies so this course tries to prevent that by laying out a detailed education plan of steps that build on each other until you have a solid foundation and trading plan to follow once you reach the end of the course.
The course will go through in great detail on topics like:
- Money management and trade sizing.
- Developing a trader business plan.
- How to analyze the market.
- How to approach the market each day.
- How to find your setups.
- How to calculate your position sizing and stops.
- What indicators to use and which indicators actually work.
- Multiple trade strategies that are proven to work.
- Step by step trading system you can follow each day.
- …..and much more
It really is a very detailed and well planned out course and Todd has been trading since the 1980’s and is sharing what really works after many years of trying all the indicators, and trading methods out there.
Pro’s and Con’s of E-Mini Success Formula
- Very well laid out and step by step. Provides very detailed high-quality videos along with PDF’s of each step. (It is a lot of material)
- Provides lots of real charts and examples applying what is taught instead of just generic informational training.
- Provides a quality learning foundation to trading E-Mini’s and realistic expectations to trading. (In other words you must be committed to learning and applying what you learn). You can apply much of the material taught in this course to other trading instruments.
- E-Mini’s are not for the faint of heart so you need to be more active with your trading for E-Mini’s.
- The trading methods are oriented around using charts and a disciplined strategy so you must be the type of trader that can stick with a plan and enjoy technical analysis.
Overall, I highly recommend this course if you are serious about learning how to trade E-Mini’s(aka Index Futures) and wanted a step-by-step detailed training product. Realize that E-Mini’s are a leveraged way to trade the market so you need to have a solid plan in place before trading them.
The system does get results even if you only wanted to trade for a short period each day (You don’t have to trade all day).
The price on this product is cheaper that many seminars out there and other products I have seen, but it is not the cheapest product either. I would say though that a lot of time has been spent putting together this course and Todd is sharing the best of what he has learned from his decades of trading successfully.
Also, what I like is that it is a course that they continually support and update/improve it rather than just create some other course.
The course is only open a couple times a year so that they can support the current group of students.
5/30/2016 Update – The course has been updated and is reopening for a brief period in early June 2016.
You can sign up below and get some free training while they have the product open and decide if it is right for you (They also now offering a double your money back guarantee and will show the updated results that they have had from trading their system).