(Commodities)

While you might want to follow and analyze as much markets as you can master (which is usually a plethora), I did learn – the hard way, what else – that one shouldn‘t try to go and trade more than

Forecasting techniques make it easier for a trader to develop a directional bias, anticipate changes in a trend, and pre-plan strategies. When we develop a *bias*, it must be understood that it is solely for the purpose of planning a

First of: this is not to bash brokers as such in any way. But because of my dealing with a lot of newbies day in and day out, I feel obligated to stress here the following; if you are a

One thing I always tell new traders, among all other things, is „Do expect to LOSE. Because you will“. Now, I don‘t mean, „Oh, you know, you will maybe experience a losing trade now and then“… What I mean is

Here goes my own guideline for account management (not just margin management). It has been long-term working for me but may not be suitable for yourself. I try to not put at risk more than 10% of my account on

Before you ever consider stepping into real markets with your real jingle, youd better know exactly what you want to do in there. I am talking about having a solid strategy here. But, there are almost as many market startegies

Those who dont master the art of successful timing or the equally essential art of money management, generally lose their money trading commodities. Moreover, it should be noted that this includes most speculators. Small speculators, who frequently enter the market with just a few grand in initial trading capital, tend to have the largest attrition rate.

Guess what… trading is A BUSINESS, just like anything else. Now I know that you‘ve heard this before, perhaps zillion times over. But I think that most of us take this statement much too lightly. Let‘s put it in a

Low risk / high probability trading and diversification – that’s my approach to trading in a nutshell. My losses are small and frequent. But gains are modest, sometimes large… and about as frequent as losing trades. My philosophy is having

I wish that you print this message out and keep beside you at all trading times. I also wish it could be printed out with 24K gold letters. It‘s that important. Basically, there are only two ways to make money

You know, since I run this website and communicate with lots of my course students as well as other traders on a daily basis, its amazing to me how some folks seem to complicate this business. I have been trading

Hi there. I often write about the hazards and difficulties involved with trading futures. It takes a high level of discipline and consistency, mental toughness, the ability to preserve during times of adversity, knowledge, etc. New traders with trading ambitions

Basically there are two schools of price-forecasting methods in the commodity markets: fundamental analysis and technical analysis. Fundamentalists are oriented toward forecasting the market in terms of supply-and-demand factors. Technicians stress price behavior and the movement of such tech indicators

(Q) Even though I am not futures trader myself – I have been trading stocks exclusively – I go here now and then and enjoy reading a lot of posters. What I particularly like about this place is that nobody

The question we are getting quite often; there seems to be some confusion about daytrading margins; You may have been told that margin requirements are ment to protect the client (in a way, they are). The real purpose of margin

Having turned my trading screens off… I sat in the near dark, sipping coffee and watching the full moon outside. I thought of the coming next few days. The Christmas which marks 2000 years since Christ was born, and the

Emotions are probably the biggest obstacle any commodity trader has to overcome. Many traders become losers because they are not able to follow a PLAN. They experience a couple of losses, start panicking, abandon their plan (if had any) and

(Q) Would someone with experience please describe exactly how a trade works with a discount broker, compared to a full service broker? I mean do they call back with fills, etc. (A) You asked how discount differs from *full-service*. The

Howdy folks. I have been asked several times if and how diversification can help us trade better; I believe diversification is one of the crucial factors in the success of a trading plan besides having a good trading system and