“Day Trading Micro Futures for Income: The Beginner’s Gateway to Trading for a Living” by Don A. Singletary is an essential guide for those looking to enter the world of day trading using micro futures contracts. This book provides a comprehensive introduction to a trading method that has become increasingly accessible to individual investors.

Singletary examines the advantages of trading micro futures, which offer lower capital requirements and reduced risk compared to traditional futures contracts. He explains how these smaller contracts allow beginners to participate in markets previously dominated by large institutions and experienced traders.

The book covers:

• The basics of micro futures contracts and how they differ from other financial instruments
• Strategies for day trading micro futures, with a focus on stock index futures
• Risk management techniques specific to micro futures trading
• The psychological aspects of day trading and how to develop a winning mindset
• Step-by-step instructions for setting up and executing trades

Readers will learn:

• How to analyze market trends using technical indicators, with a focus on the MACD
• Techniques for identifying entry and exit points for trades
• Methods for calculating and managing risk-reward ratios
• The importance of developing and sticking to a trading plan
• How to choose the right broker and trading platform for micro futures

This book serves as a practical guide for those who want to take advantage of the opportunities presented by micro futures contracts. Singletary’s approach emphasizes responsible trading practices and the importance of education and practice before committing real capital. By following the principles outlined in this book, readers can develop the skills and knowledge necessary to navigate the fast-paced world of day trading micro futures.