More Trading Articles By Joe Ross
And Other Writers
- Trading Plan by Rick Thachuk
- Trading Stochastic Crossovers with 1-2-3 Top Formations by Joe Ross
- A FREE book about Forex "No Idea" by Simon Gurney
- 39 Mistakes: The subtle Trap of Trading
Trading Plan
by Rick Thachuk
Many who trade Futures successfully rely on a trading plan. Just like a business plan outlines in detail the establishment and development of a proposed business, a trading plan outlines in detail a structure for trading. There are two major components of a trading plan: a method of price prediction which signals if and when to buy or sell a particular futures contract, and a risk management program which dictates the amount of money to risk on any trade, and specifies when to cut losses. Trading plans are fluid in the sense that they are constantly being tested and amended so as to improve overall performance and profitability. Strict observance of the rules of the trading plan is the hallmark of a successful futures trader and it is part of a successful commodity trading education.
Profit on a futures trade is earned if you buy low and sell high, or sell high and buy back low. While simple in concept, this requires you, the trader, to have some idea of where prices will be several weeks or months from now. That is, it requires some sort of price prediction methodology. Most traders tend to rely on some variation of fundamental or technical analysis to predict prices. Many traders also spend considerable time and energy attempting to identify new measurements or signals that provide the edge in predicting prices. Stories abound of traders who claim to have discovered proof-positive techniques for predicting prices, and then offer to sell the information to you for a price. In my experience, genuine fool-proof techniques are very hard to come by, and I would advise you to be very careful and skeptical of such grand claims.
Trading
Stochastic Crossovers with 1-2-3 Top Formations
by Joe Ross
Click on this link to open the Pdf-File to read the article!
A Free book about Forex "No Idea"
by Simon Gurney
Follow this link to download your Pdf-File to read the 40-page forex book "No Idea" by Simon Gurney
Chapter Contents:
1. Introduction
2. Losing money and finding FOREX
3. Learning Forex
4. Typical Bogus Forex Trading System
5. Online Forex Alert Providers
6. Moneytec, Systems and Indicators
7. Joe Ross
8. A slightly better Bogus Forex Trading System
9. Fundamentals and walmsly
10. Day Forex
39 Mistakes: The Subtle Trap of Trading: Why So Many Smart People Don't Make Money Trading - And How To Get On The Right Track In Less Than 2 Hours
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