Does your trading story read like mine? The first 12 - 15 years, when I traded, I eagerly digested all the books I could lay my hands on. I went to day trading courses, tutorials and lectures and bought software packages to help devise a unique trading system of my own.
What I ended up with was a reduced bank balance. Forget about the months and years I wasted. It was all of no use; the tutorials, classes, and software packages all have little scope. Not one of them trades before the market movement.
What You Should Look For In An Effective Commodity Trading System:
What eventually matters is the ability to forecast the price of the product you are dealing with. Traders who are truly successful correctly forecast time and again, without using indicators or studies, often resulting in ten point trades and more. They deal in real time and usually much before the market moves in that direction.
Ascertain that the commodity future online trading system you use functions in all market conditions. Also, you should be able to use it for all future, commodity or stock trading together with e-mini day trading.
Which Future You Should Opt To Trade:
I would advise you to trade a future that allows you to day trade in spite of your being only an individual with little hard cash.
Almost all futures provide enough leeway, considering the range of stocks offered, and the options are many - the very ones that big players trade in. At the same time, it must not cost you the earth for each contract. The main thing to keep in mind is that you should not have to spend hundreds of hours in research, or making use of stock screeners and examining charts in each and every time frame.
It should be possible for you to fill the contracts without delay with the market normally moving in your favored direction.
The Difference An Effective Trading System Can Make For You:
An effective system will teach you to predict commodity prices correctly and easily. If you encounter a system like this and figure out how it works, you will wonder why you had never noticed it before; of course, it isn't easy to see unless it is pointed out to you. And when it is, many new trading opportunities await you.
Trading futures on-line, which seems so complicated can be child's play. You can have fun raking in the moolah, in future system trading, without any of the stress and worry normally associated with day trading. It's all in knowing how to forecast correctly and once you master how to do it, you can become a winner for the rest of your life.
To recapitulate, even my best day trading strategy only insured my making losses. This program changed all that. It is not the Holy Grail, but it comes close.
How To Be Sure The System Is Really Good:
There are a number of advisors for commodity trading who will tell you that their commodity trading software program is infallible. Always remember that the proof of the cake is in the eating. The next time you hear about a wonderful online future trading system, tell the vendors you want to look at their trading record.
How much money have they made on the open market, in the proceeding year, say? Do the people who use their system make about 10 points daily? Would they allow you to watch them call the market in real time before the market moves, with a degree of certainty? Would they give you a free trial?
If you venture into day trading online before resolving these points first, you run the risk of losing your shirt, as I almost did.
Jim Canter is an expert day trader. He has developed 'The Precise Day Trading System', which teaches you to read charts without the use of indicators. He invites you to have a look at his trading record, and take a 1-week Free Trial of
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