Saturday, February 28, 2009

Futures Trading : A Cautionary Guide

This is a short, sobering guide to futures trading. Tradingfutures.biz does not tell you how to make your first billion, but it does tell you how not to.
We also give you some useful futures trading links and a trading record sheet and we debunk myths which only serve to confuse traders and interfere tactically with their trading strategy. Sometimes the best advice is free.
1 A successful futures trading strategy
2 A brief account of my career as a futures trader
3 System trading
4 About brokers and churning
5 Trading stock index futures
6 Trading commodity and currency futures
7 Day trading versus position trading
8 A word about leverage
9 Options and other derivatives of derivatives
10 Stop loss orders stop losses, right? Wrong
11 Gaps are always filled, right? Wrong
12 Go with the flow, right? Er, right
13 Improvised rationalisations
14 Arbitrage Trading
Appendix 1 : Essential links for futures traders
Appendix 2 : A trading record sheet to print & use
Appendix 3 : Disclaimer : before you lose your shirt
Appendix 4 : Some more jargon