Futures Trading Online: My Journey To Bankruptcy And Back

By Author: Jim Canter
Total Articles: 1
Comment this article

Is your experience trading online like mine? The first 12 - 15 years, in the business, I eagerly digested all the books I found. I attended seminars and day trading courses and invested in software packages to help devise a personal "universal trading system".

All that I got for my efforts was a smaller bank account. Forget about the time I lost. Nothing worked; the books, seminars, programs, and indicators all have little scope. Not one of them trades before the market movement.

What You Can Expect From An Effective Commodity Trading System:

What eventually matters is learning to read the price of the commodity you trade in. The truly successful traders make profitable calls constantly, on their own and without employing studies or indicators, usually ending up with at least ten point trades. They deal in real time and usually much before the market moves in that direction.

Insure that the commodity future online trading system you depend on performs in all market situations. In addition, it must be applicable for all future, commodity or stock trading together with e-mini day trading.

The ...
... Future You Are Best Advised To Trade In:

If you asked me, I would tell you to trade a future that allows you to day trade regardless of the fact that as a mere individual, as opposed to a big company, you may not have much money.

Any future will give you sufficient leverage, when you consider the diversity of stocks it's possible for you to trade, and the options are many - the very same futures that big institutions trade in. At the same time, it should not prove very costly for each contract. Most importantly, it should not involve investing many hours in research, or making use of stock screeners and examining charts for all time periods.

You should be able to complete the contracts immediately with the market normally moving favorably.

The Difference An Effective Trading System Can Make For You:

An effective system must make you learn to forecast accurately. Once you see such a system and figure out how it works, it will amaze you as to why you had never noticed it before; however, it must be said, it is difficult to notice it until someone else points it out to you. Once that is done, a whole new world of trading opens up to you.

On-line day trading which seems so complicated can be simple. You can have fun earning a lot in futures trading, without the tension and anxiety that as a rule is connected with day trading. The trick is to figure out how to predict accurately and once you master how to do it, success is yours for as long as you live.

As I told you at the start of this article, even my best day trading strategy only resulted in my losing money on the market. That was till I got this program. I don't claim it's a magic wand, but it comes close.

What You Need To Do To Insure Your System Is Effective:

There are many advisors and commodity trading consultants who will tell you that their commodity trading software program is infallible. Bear in mind that such claims have to be backed up by performance. The next time you hear about a wonderful online future trading system, insist on the vendors providing you with proof to back their claims.

How much have they grossed while trading futures, in the preceeding year, say? Do their clients average ten points a day? Will they let you watch them call the market in real time before the market moves, with some precision? Is there a free trial period?

If you start day trading before resolving these points first, you may end up going bankrupt, as almost happened to me.