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

When everyone thinks alike, everyone is likely to be wrong. Not my words, altho I could easily second them. These words were spoken of Mr.Neill, the father of contrary-opinion trading as we know it. He believed that the crowd, whether

Before you start thinking of some trading program of yours, you may want to select one area of specialization. One way to do this is to limit yourself to one type of commodity: the grains, metals, meats, etc. A meat

In talking a lot with newbees on this forum, I have come to the conclusion that they think trading is something you develop an intuition for. I can tell you I do not have that. Today I was talking with

…good attitute, huh? Many traders lose, not because they „dont have the right software“, or because „the market was terrible“, they lose because they screwed up. When money is on the line, the powers of our own mind become mind

(Q) Just curious: a floor broker??? I have heard that term many times, not knowing exactly what specific work they are doing. Are they the guys in those funny-colored jackets I can watch them on CNBC? (A) Yep. A floor