## Understanding more about emini day trading
It’s simple — emini day trading is a ‘miniature’ (ie, mini) contract, traded daily through an electronic means.
## Don’t most people fail at this type of trading?
Yes, there are reasons that most people do not succeed when they learn to day trade. One reason is that they are not rooted in a solid method or system. Another reason is that they are not mentally prepared for the whole environment of trading. A successful day trader must have a firm set of technical skills along with preparation for the psychological ride of trading.
It’s like a psychiatrist’s office inside a trader’s brain — all sorts of emotions coursing back and forth throughout a single day, especially for a day trader. So being able to handle these (in the guise of a system that has clear rules) makes things a lot easier, and brings success quicker.
## Do people make cash on falling markets?
The issue isn’t really about the direction of the market, because you have the opportunity, when trading futures, to trade long or short positions. Basically, these are like bets you’re placing on the future price of a stock — so if the stock hews to the direction you predicted, and that direction happens to go down, you’ll make money on a falling market.
## How do these demo accounts I’ve heard about work?
Demo accounts are great for people still trying to figure out the ins and outs of the entire system. They allow you to follow the markets actively, and make trades with a fixed sum of money in order to build up your habits and your system. They let you stick to one specific style without commiting to spending a ton of cash first, and getting used to investing well beforehand.
## How long will it take me to make money?
This is the question that everyone asks. Everyone is different, with some people understanding the concepts before others. Generally, the more work you spend on learning and refining your craft, the sooner you will see financial reward. Most emini day trading students spend a couple hours per day for at least a month before they begin with a demo account. Your first 3 months of trading will not be the gauge for your entire career as you are just beginning to apply the skills you have learned.
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