FAQ

For more information on anything discussed on this FAQ, please contact our office:

  • Phone:  800.381.2084
  • E-Mail:  Sales@SchoolOfTrade.com
  • Skype:  Megan.James12345
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As always, please remember, Futures and Options trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.
SchoolOfTrade.com and United Business Servicing, Inc. are not registered investment or trading advisers.  The services and content provided by SchoolOfTrade.com and United Business Servicing, Inc. are for educational purposes only, and should not be considered investment advice in any way.
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Who is Joseph James & what is SchoolOfTrade.com?

Joseph James is the head trader of SchoolOfTrade.com (SOT), a trading education website based in Los Angeles, CA.

Joseph’s goal with SOT is to provide his students with the proper knowledge of how the business of day trading works, the technical analysis skills to find reliable trading opportunities, and accurate trade set-ups to give them the edge they need to earn a consistent profit in any market around the world.

JJ, as his friends call him, became fascinated with the financial markets and the business of day trading when he learned about trading from a professor in one of his college classes. 

Trading became an instant passion for Joseph when he discovered that day trading was the most efficient business model in the world with unlimited growth potential and very few barriers for entry and growth.

It didn’t take Joseph long to realize that trading offered him a unique opportunity to earn a substantial income, while living a lifestyle that was previously thought to be for only the elite and wealthy. 

Joseph has dedicated the majority of his time learning and perfecting the art of reading 'price action' on a chart and using 'technical analysis' to find reliable trading opportunities by exploiting the emotions of fear and greed that affect other traders in the market.

Joseph's favorite futures markets are Crude Oil, E-mini Dow, E-mini S&P, Gold, and Euro.

After successfully developing his own proprietary trading system, Joseph became the head-trader at the SchoolOfTrade.com so that he could share his passion of technical analysis and day trading with the rest of the world.

Joseph has grown SchoolOfTrade.com into most likely the #1 day trading educational website in the world, and is known as an industry leader in education and development of new day trading strategies for financial markets around the world.

Joseph operates a ‘Trade Room’ every day with his students at SchoolOfTrade.com where he teaches & demonstrates his trading strategy so that his students may learn to trade in an interactive, real-time environment.

Joseph also publishes a daily video newsletter Monday thru Thursday evenings on his blog, http://www.sidewaysmarkets.com/, and is possibly one of the most popular day trading blogs on the web.

Joseph is known as one of the most motivating personalities in the day trading industry, and enjoys reading, yoga, the sport of triathlon, home-cooked organic meals, red wine & margaritas with his family and friends.

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SchoolOfTrade.com is known as the industry leader in day trading education. 

SchoolOfTrade provides their clients with a self-directed video education course, a real-time (web-based) 'trade room' and a Nightly Newsletter Video to prepare for the most reliable trading opportunities the following day.

The self-directed video education course provides the client with the knowledge and skills they need to understand how the business of trading works, how to use technical analysis to identify high-probability trading opportunities, along with the understanding of market psychology and risk-management that is essential to a trader's long-term success.

In addition to the video course, clients of the SchoolOfTrade attend a daily webinar (‘trade room’) from 8:00am - 12:30pm EST M-F where they can learn in real-time with the moderator, Joseph James. 

The goal of the 'trade room' is to demonstrate the application of the trading strategy in a real-time environment, and it is known as one of the best in the trading industry.

Here are some of the most important tools that Joseph uses in his Trade Room:

·        Economic News
·        Alarm Clock Software
·        Ninja Trader Software

Joseph is a master at teaching his trading strategy during the real-time market action, allowing his clients to learn quickly by watching him execute the same strategy he teaches in his video education course

Joseph also posts his Nightly Newsletter on his blog at SidewaysMarkets.com every evening M-TH @ 7:00pm EST to outline where the most reliable trading opportunities will likely occur the following trading day, and that video has quickly become one of the most popular tools for professional traders available on YouTube.

In addition to the education course and the daily Trade Room, JJ also provides his students with tech-support, unlimited e-mail support, and a helpful community of traders to support them every step of the way.

For information on our membership package or take a FREE TRIAL, please contact our office:
  • Phone:  800.381.2084
  • E-Mail:  Sales@SchoolOfTrade.com
  • Skype:  Megan.James12345

What is included as a student of SchoolOfTrade?

We have created a professional-grade video education course for our students, available 24 hours per day, 7 days a week, and we demonstrate how to trade the strategy every morning @ 8:00am EST in the trading room using the real-time markets.

We have three (3) levels of membership:

Beginner Membership:
The beginner membership has something for everyone, and is focused on laying a strong foundation of knowledge to begin your trading career.

The beginner course is perfect for someone who is new to trading because it provides the student with the most important fundamentals of getting started; learn the business of trading, the correct way to use a computer, trading software and working effectively with your broker. 

You will also learn about the most important calendar events, economic news, and how to use your charts and technical indicators with confidence. 

The beginner course also has an entire chapter dedicated to ‘trader psychology’ and developing the ‘trader’s mindset’. 

Ask any experience trader and they will tell you… the ‘trader’s mindset’ is what separates the rookies from the professionals, and we have extensive coverage of this in the beginner course.

Intermediate Membership:
The Intermediate membership builds on the strong foundation in the Beginner Course and teaches you the correct way to use technical analysis to find reliable trading opportunities.

Learn to use charts, candlesticks, moving-averages, trend lines, channels, measured-moves, trading-ranges, and much more. 

The Intermediate course will teach you the same techniques that I use in the Nightly Newsletter and it will give you all the tools you need for the Advanced Membership and to attend the Trade-Room.

Advanced Membership:
The Advanced Membership builds-on the technical analysis you learned in the Intermediate Course and teaches you how to define the current ‘market conditions’ and how to define the best ‘trading opportunities’ throughout the day while providing you with a Trade-Room to watch us demonstrate the strategy on the real-time markets.

Learn how to trade during both ‘trending’ and ‘range-bound’ market conditions. 

Learn the correct way to find reliable trading opportunities, execute & manage the trade using profit-targets and stop-losses with correct balance of risk and reward.

The Advanced Course provides you with the Trading Plan, the cheat-sheets & worksheets you need in the Trade Room, and unlimited access to our Trade Room where you can watch Joseph execute the trading strategy in real-time.

Join the Trade-Room, which is open every morning @ 8:00am EST, and enjoy working with other traders from around the world in a real-time environment. 

Don’t forget… our Advanced members have un-limited email & skype support, and there are NO monthly payments to your membership that never expires

As you can see, our 3 levels of membership provide our students with the knowledge they need to start their trading business correctly, the skills they need to find the most reliable trading opportunities, and the trading plan to follow along with us every day in our Trade-Room.

Do you provide any financing options for Advanced Membership?

Yes, we have many flexible payment options available for our Membership course(s) and we do all of the financing in-house without any credit-check.

For additional information on our financing packages, please contact our office:
  • Phone:  800.381.2084
  • E-Mail:  Sales@SchoolOfTrade.com
  • Skype:  Megan.James12345

Can I learn to trade part-time?
What if I work a full-time job?
What if I can’t attend the Trade Room?

Yes, we have many students who work a full-time job while learning to become successful full-time traders in their free time.

Our online video education course is available to our students 24/7/365, which makes it easy for our students to learn on their own schedule.

We provide unlimited e-mail and skype support for our advanced members, and we have many students who trade in the morning before they leave for work, or in the evenings when they return from work.

We record every session of our trade room for students who cannot attend the Trade Room, or may have missed that day’s session.

Our students watch the recoding of that day’s trade room session, and send their charts with their trades “marked-up” to our support team for review. 

We have many clients who learn the strategy from the video education course, they trade on their own each day, (or they attend the trade room for only a few hours) and they send Joseph their charts to review when they are finished. 

Joseph & the support team spend a considerable amount of time with our clients on skype each day, reviewing their trades, and helping them improve more every day.

Also, keep in mind, your membership will never expire, and we do not charge recurring monthly fees, which enables our students to learn at their own pace without the pressure of ongoing expenses.

Ultimately, our goal is to ‘teach you to fish’ so you can trade on your own in the near future.  Once you learn the strategy you will be able to trade whenever you want, without the need to be tied to a set schedule.  This is the freedom that day trading will provide you when you learn the strategy.

And don’t forget, the futures markets are open 23-hours a day, 5 days per week.  The markets are always moving, and we can find trading opportunities at all times of the day. 

(The most active times of the day are from 3:00am - 5:00pm EST M-F)

How much time does it take to learn to trade?

Although every student will be different, the average student will require 2 weeks to learn the strategy, and another 2 weeks to practice the trading using a simulated trading account.  

After the student has completed the 'practice' time and their results are acceptable, they may begin trading with their brokerage account.

With that said, the students of SchoolOfTrade are given a substantial learning advantage because they can attend the 'trade room' and learn by watching Joseph execute the trading strategy that is taught in the educational course.  This alone will dramatically 'shorten' the learning curve and all new traders to succeed in a very short period of time.

Do I need to use any specific broker or charting software?

No, we do not require you to use any specific broker or charting software, however we do recommend you use a broker that provides you with low-cost commissions and a dedicated customer service line.

In regards to charting software, we do recommend Ninja Trader, however, there are hundreds of available charting providers in today's marketplace and they can all be used effectively.  The only requirement for charting software is the ability to access real-time market data using time, tick, or volume data.

For information on brokers, charting software, or real-time data, contact our office:
  • Phone:  800.381.2084
  • E-Mail:  Sales@SchoolOfTrade.com
  • Skype:  Megan.James12345
How much money do I need to begin trading?

We recommend at least $3,000 in a brokerage account, a computer that is less than 5-years old with a consistent internet connection, professional charting software, and our advanced membership for the proper education on HOW to trade.

Do I need to fund my trade account before I join and begin learning?

No, you do not need to have your account funded to begin learning as a student. 

Many new traders believe they need to have everything perfect before they begin learning how to trade, but in reality, they are wasting valuable time.

We recommend that you become a student and start learning how to use the software and practice trading the strategy on your simulator as soon as possible.

If you want to be a professional trader, start the learning process now, the worst-case scenario is that you know how to trade, you’ve learned how to trade the strategy on the simulator, and then all you need is to fund the account.  At that point, you will have plenty of reasons to be confident funding your new trade account.

Can I practice day trading with a demo account?

We recommend using Ninja Trader Software for many reasons, one of which is because it comes with a ‘demo’ or ‘simulator’ that you can use to practice our trading strategy without the risk of losing real money.

As a beginner member, I am going to show you how to use your Ninja Trader software to practice using a simulator so that you can refine your skills and be ready to move to trading with real money in your account.

What if I don’t know how to use the software?

First of all, you can use any broker and any charting software you want.  We have students using Ninja Trader, TradeStation, ThinkorSwim, MultiCharts, Sierra Charts, ESignal, MetaTrader, etc. 

If you are new to trading, and you don’t have experience using the software, not to worry, this is why we call it the SCHOOL of trade.  You will find the software easy to learn, and Joseph will be there with you to show you how to use it correctly.

In all reality, people who have the DESIRE to become professional traders will NOT allow new software to stand in their way… they will invest a few hours to learn how to use the software… and WISE people will always seek out experienced professional to help them shorten the learning curve, such as becoming a member of our beginner course.

Please remember, our beginner course will teach you how to use our trading software. 

In addition to teaching you how to use the software, we also provide you with all the templates and technical indicators.  As an added bonus, our support team can even remotely-connect to your computer to help set-up the charts correctly when you need them. 

We truly provide a full-service trading education, which included making sure you have the software working correctly when you join as a student. 

Do I need an expensive computer with a lot of monitors?

No, you do not need a fancy or expensive day trading computer to trade with our strategy.  

Unlike other complicated trading systems, our trading strategy can be traded with only a laptop computer because we keep things very simple.

With that said, to maximize your time, we do recommend a computer with at least 2 monitors, such as a laptop with a 2nd side monitor, which can be purchased for less than $100 online.

Did you know?  We help build professional day trading computers for our clients, check out the website and build your computer here.

What is your daily trading schedule?

Our video education course is available to our students at all times on our website, and our trade room is open every trading day M-F from 8:00am – 12:30pm EST, excluding holidays.

Every day has three trading sessions:

·        London:  3:00am – 8:00am EST
·        US-Morning: 8:00am – 12:30pm EST
·        US-Afternoon: 12:30pm – 5:00pm EST

We open our 'trade room' every morning at 8:00am EST and we trade together with our students until 12:30pm EST, Monday through Friday.

Which markets do you focus on trading?

We focus on the futures markets because they provide us with a regulated, on-exchange, leveraged, liquid, tax efficient, and low cost trading environment compared to stocks, Forex, and other financial instruments.

Our favorite futures markets are Crude Oil, E-mini's, Gold and Euro.  Our primary focus is trading Crude Oil in our 'trade room'.  

Trading Crude Oil allows us to keep it very simple; we can easily focus on one market, one chart, and a handful of simple trade set-ups every day to earn profit, rather than having to scan hundreds of different charts to find trading opportunities. 

What type of trading strategy do you use?

Our trading strategy can be applied to both long and short term trading, Futures, Stocks, and Forex, but our focus at SOT is for 'short term' futures trading for many reasons:

Short term trading allows us to use small amounts of risk and earn a quick, reliable reward without the need to manage an open position for weeks or months at a time.  We appreciate being ‘flat’ at the end of the day with the money back in our account to avoid overnight volatility. 

The Futures markets provide us with a regulated, on-exchange, leveraged, liquid, tax efficient, and low cost trading environment compared to stocks, Forex, and other financial instruments. 

Crude Oil is our favorite because its market personality and daily volatility is a great compliment to our short-term trading strategy in our trade room.  We can easily define the trend, find the targets, and then find 3-8 reliable trading opportunities every day we trade.  It’s hard to want to change anything, it’s the best of all the options!

We use a combination of technical analysis, risk management, market psychology, and emotional discipline to find the most reliable opportunities each day we trade.

Our average trade lasts between 3-10 minutes, and use a strict 3% risk tolerance to ensure that our students protect their capital at all times.

We teach everything you need to know about our trading strategy in the Advanced Membership Course.

What if your strategy doesn’t match my trading style?

The best part about our day trading strategy is that it can be applied to all different markets, different timeframes, and trading styles.

Our students learn how to use technical analysis to identify reliable trading opportunities, and they can apply the knowledge and skills they learn to anything they want. 

For example, we have students who will learn our strategy for day trading Crude Oil Futures, and then apply the same techniques to trading Oil Stock ETFs for long-term investing.

The knowledge of what we call the 'Price-Action Cycle' is priceless, and can be applied to all markets and all timeframes.

What chart timeframes do you use? Do you trade with multiple timeframes?

We keep it simple, and use only one time-frame for our trading, and we prefer to trade one market at a time.  

We believe that new traders should focus on one market and one time-frame while they learn.  

Every market has a different 'personality' that needs to be understood, and most new traders make the mistake of trying to learn multiple markets and use too many different chart timeframes at the same time.

Our day trading strategy will easily identify between 3-8 trade set-ups each day for each market, so you don’t need to use multiple charts or multiple markets to earn consistent profit.

Here are the chart timeframes we use for each market:
  • Crude Oil we use a 1,000-volume (or) 800-tick chart (or) 5-minute chart
  • E-Mini S&P we use a 6,500-volume (or) 2,000-tick chart (or) 5-minute chart
  • Gold we use an 800-volume, 610-tick (or) 5-minute chart
  • Euro we use a 1,000-volume (or) 800-tick chart (or) 5-minute chart
What is your favorite chart type, and why?

My favorite chart types are ‘volume’ and ‘tick’ charts because they provide me with plenty of reliable trading opportunities without a lot of risk.

With ‘volume’ and ‘tick’ charts I see the most important information needed to make trading decisions, and the size (range) of each candlestick is usually small enough to use a 10-tick stop which keeps my risk to a minimum.

Although ‘time’ charts (such as a 1-min or 5-min) will work, you will see few candlesticks on the chart, and the candlesticks tend to be larger (range) which requires me to use a larger stop-loss and thus requires more risk on each trade.

Again, I can use any chart type and chart timeframe that I want with this, but if I had to choose, I would choose the ‘volume’ and ‘tick’ charts because they provide me with plenty of trading opportunities without the need to risk more than 10-ticks on each trade.

Does your trading strategy use any technical indicators?

Yes, we use a small handful of technical indicators in our trading strategy.  

         Moving-average
         Entry-Counter (custom-built for SOT members)
         Measurement Tools
         Drawing Tools

As you can see, we don’t use any complicated tools, and our main indicator is a moving-average, which is used to gauge market strength, and also used as support and resistance.  I’ll give you more details in the educational course on the specifics of this.

We also use the ‘entry count’ and ‘measurement’ tools to help identify the proper timing of entries and to make sure we have enough room for each trade, and we have a suite of custom drawing tools that help us with our technical analysis.

Keep in mind, we don’t rely on technical indicators to find trading opportunities, we rely on our strategy to define ‘situations’ where the odds at stacked on our side of the market to enter a trade. 

As we always say… “we don’t trade signals, we trade situations” 

Our main focus is to use the moving-average along with trend lines, channels, and trading-ranges to identify the trend, and find reliable trading opportunities that follow the trend.

As you can assume, our video education course will teach you everything you need to know about using our indicators, and we use them in real-time in our Trade-Room so you can learn the correct way to use them by watching Joseph in real-time.  

How many trades do you take each day?

Each day is different, we take what the market offers us, but on average we find between 3-5 trading opportunities each day, with the focus on quality over quantity.

The best traders in the world are patient and selective with which trades they take.  Experienced traders know that over-trading rarely produces the desired results.

We firmly believe that 20% of the trades earn 80% of the profit for most traders, which means that new traders should trade LESS often because they need to learn how to be patient to wait for the times when they have an 'edge' in the market and can enter trades with considerably more reward than risk.

Our goal is to find 3-8 reliable trading opportunities every day so we can grow the balance of our trade account, and then use those profits to trade larger position sizes in the future so that we can earn more profit without changing the way we trade.

We encourage you to take our FREE TRIAL to see example of this
  • Phone:  800.381.2084
  • E-Mail:  Sales@SchoolOfTrade.com
  • Skype:  Megan.James12345

What is the risk to reward ratio on your trades?

Managing risk & keeping things simple are the most important aspects of a successful trading career, which is why we use a 1:2 (or greater) risk to reward ratio, which means we never risk more than we expect as a reward, and our winning trades earn us MORE than our losses cost us.

By using a 1:2 risk (or greater) risk to reward ratio we ensure that our student do not need to be perfect.  Our goal is to provide the student with a trading strategy that will allow for losses while producing profitable long-term results.

For example:

We like to trade the 1,000-volume chart of Crude Oil and use a 10-tick stop with two profit targets.  

The first target is +10ticks, and the second target is placed at the next level of support and resistance.  
  • Stop-Loss = -10ticks ($100 per contract on Crude Oil)
  • Target #1 = +10ticks
  • Target #2 = +20ticks (The next level of support and resistance)

Will this trading strategy work in all types of market conditions, even choppy,  sideways ranges?

Yes, our day trading strategy works well in all market conditions because we have a strategy for ‘trending days’ as well as ‘range days’.

While every trading day is slightly different, every day will fall into one of two categories; the market is either trending, or it is trading inside a sideways range.

The first thing we do each morning @ 8:00am EST in our trade room is define the market conditions for that day. 

Trending Days:

If the market is trending, we focus on following that trend with pullbacks, failures, strength, and traps

When the market is trending, we never trade against the trend, and we have a very simple way of using the moving-average and market psychology to define when the trend has changed so we’re always going in the right direction.

We use trend-channels, measured-moves, and many other simple techniques to identify targets, and we resist the temptation to go against the trend.

Range Days:

If the market is trading inside a range, we change our focus to buying low, selling high, avoiding the middle, focusing on failures, and using the ‘pendulum swing’.

Ranges come with either double-tops and double-bottoms or in the form of a ‘wedge’ or ‘triangle’ on the chart.  Once we see these on the chart then we switch our strategy to trading within that range.

Not to worry, you will learn how to properly define both ‘trending’ and ‘range bound’ scenarios in our Intermediate and Advanced Courses at SOT.

We encourage you to take our FREE TRIAL to see example of this
  • Phone:  800.381.2084
  • E-Mail:  Sales@SchoolOfTrade.com
  • Skype:  Megan.James12345

Can your trading strategy be used on Stocks/Equities, Forex, or for Swing Trading?

Yes, our trading strategy is built on a firm understanding of crowd psychology and human emotions of fear and greed, which can be applied to any liquid financial market where people are trading for a profit.

With that said, we can apply our trading strategy to any market, using any time-frame that we chose.  

With a few small changes to chart time-frame we can adapt our short-term strategy to a more long-term strategy that can be applied to any liquid market around the world.

Furthermore, I can use the same strategy to trade Crude Oil Futures, stocks, forex, CFDs, any liquid markets where technical analysis and human beings are involved.

What are the essential elements of your trading education and strategy?

We believe that a successful trader must possess a combination of both technical and mental skills to be able to deal with today’s challenging markets.

It is not enough to simply know how to trade, you must have the mental focus to be able to follow rules in the heat of the battle, so we spend considerable time on trader psychology and building the discipline to wait for the proper time to enter the trade.

We begin in our Beginner Course, by teaching our students how to use a computer & trading software effectively for a professional trading career. 

In our Intermediate Course, we then move to teaching the student how to CORRECTLY use technical analysis.  When done correctly, technical analysis allows us to define trading opportunities where we have the ‘edge’ we need over the rest of the traders in the market.

Once we find our ‘edge’, then we move to finding trade set-ups and entry triggers in our Advanced Course.

We use a ‘trade set-up’ to tell us when to be looking for the entry, and we have well-defined ‘triggers’ into each trade that effectively get us into trades with small risk and large reward situations.

Once we are in the trade we then focus on trade-management which is easily one of the most important pieces of the trading puzzle.  We seek to remove risk quickly, lock in a small reward, and hold a portion of the position for the medium-term in order to capitalize on the larger moves in the market.

Lastly, and arguably the most importantly is our focus on discipline and patience to wait for the proper time to enter and exit the market.  There is no room for emotions in trading, and we spend considerable time working on developing the patience to wait for the correct time to get into the next trade while leaving trades open until they achieve their profit potential.

Is your average student successful with your trading education and strategy?

While individual results will vary, our average student is consistently profitable when they invest their time to learn our trading strategy and execute the strategy correctly with the proper attention to managing risk and reward.

Our goal is to provide the highest level of quality product, service and support to all of our clients, and we have helped thousands of students become successful professional traders over the years.


For more information, please contact our office:
  • Phone:  800.381.2084
  • E-Mail:  Sales@SchoolOfTrade.com
  • Skype:  Megan.James12345

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