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Futures Trading Article
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Should You Get Into Day Futures Trading?
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Statistics show that more and more people are becoming interested in investing into futures trading accounts because of the strong likelihood of collecting robust gains. The reasons why they choose futures vary:
- They have gotten a little bored with investing in other financial instruments, like mutual funds, bonds and stocks and want to dabble in something new.
- They have been successful with stock, bond and mutual fund investing and are hoping to widen their earnings even more.
- They have not had much success with bonds, stocks or mutual funds and would like to try their hand at day futures trading in the hopes of finally raking in a win
- Someone they know has had good experiences with day futures trading that they want to obtain a piece of the sumptuous money pie.
The common denominator why people choose to invest in futures is the lure of money. However, day futures trading is not a fool-proof business. There are risks involved and it would be wise to first find out what you're ready to face before you get into it.
The market is unpredictable
Just because you're trading futures and have some form of control over the outcome of your transaction, you can never be fully sure that you'll be banking a win. A lot of experts will give out forecasts about where the futures market is going, but none are extremely accurate. Trading is basically a gamble, so it's best not to put all your eggs in one basket.
You must determine how much you intend to risk
All traders seek to prevent huge losses on their futures accounts and not even the most seasoned of traders are spared when the tides turn against them. However, what separates professionals from the novices is that the former have greater emotional control when the heat turns up.
It is inevitable that markets fall, because that's their nature. If you think you can't handle too much risk, then don't invest too grandly. Put out only what you can comfortably work with.
To be successful in day futures trading, you must first determine what your key goal is. Are you trading to generate profits, or are you doing it because it's exciting? Also, you must have a realistic aim, one that you can truly work with based on the resources you have.
Overshooting is one of the common mistakes in day futures trading. When you make a financial plan, stick to it until the end and don't keep changing along the way. This will only cause confusion and result in you losing a lot more money in the end.
The main thing day futures trading can guarantee you is that you will lose at some point. This advice isn't really encouraging but it's a realistic look at the industry. That's why those who are just starting out in futures trading are being told to expect the worst, but hope for the best. If you win, then good for you. If you lose, take defeat like a professional, see where you went wrong and then trade again.
Futures Trading Specific links
Futures Trading News
Eurex Trading Activity Sharply Lower In November - CNNMoney.com
Eurex Trading Activity Sharply Lower In November CNNMoney.com - CME Group (CME), the world's largest futures exchange, is anticipated by analysts to report an approximate 30% decline in trading activity across its CME ... CME Trading Slumps; ICE Sees Gains CME Group Hires Mark Thompson as Director, Hedge Funds CME Group Volume Averaged 10.5 Million Contracts Per Day in ... |
Futures trading in four commodities likely to resume soon - RTT News
 TopNews | Futures trading in four commodities likely to resume soon RTT News, NY - Earlier last week, the FMC said it is hopeful that the government would not extend the ban on futures trading in these four commodities beyond October. ... Futures trading in 4 commodities may start soon Bourses await FMC nod to resume futures in 4 commodities Futures trading in four items set to resume |
Competition hots up in futures trading - Livemint
Competition hots up in futures trading Livemint, India - The National Stock Exchange (NSE) had the first-mover advantage in currency futures trading, but it has lost its lead over rival MCX Stock Exchange in ... FIEO ties with MCX Stock Exchange |
Mentha futures fall on fresh arrivals - Hindu Business Line
Mentha futures fall on fresh arrivals Hindu Business Line, India - NEW DELHI: Mentha oil fell on Tuesday in futures trading in the range of 1.60 to 1.80 per cent, on fresh arrival from producing area. ... Sugar in futures decline on reduce offtake MCXCOMDEX trades lower by 15.08 pts Gold futures decline |
www.ONN.tv Asks Jeff Quinto for E-mini Trading Advice - MarketWatch
www.ONN.tv Asks Jeff Quinto for E-mini Trading Advice MarketWatch - CHICAGO, Dec 01, 2008 (BUSINESS WIRE) -- In a special edition of Mark2Market's "Fundamentals of Futures," www.ONN.tv's Kevin Cook got together with veteran ... |