Trading can be one of the most financially rewarding professions around. There is no other profession around like trading. It can also break down your character, raise your blood pressure, and leave you completely broke. The good news is, through careful research, relentless work ethic, and adjustable plans, trading is a tamable beast.
In order to succeed in trading, you have to begin to develop a strong thirst for information and knowledge. It begins by carefully conducting an honest self- assessment, knowing what is expected, and being able to shift your attitude and work ethic so that you can be prepared to handle brutal market moves.
Losses are, and will always be, a part of trading. So, being able to limit them without going completely insane is the key. By having the sufficient capital that you are not afraid to lose will help ensure your trading is smoother and more controlled.
It’s not always good to be in the market or in a trade. Understanding how, why, and when the market moves will make you aware of when to avoid trading. Knowing basic market functionality - from simple concepts to complex market orders - can help you gain an edge in the long run.
Solid liquidity, low costs, and speed are essential to being a quick and efficient trader. It is vital to understand the best securities to trade and where to trade them. All financial instruments trade differently and, sometimes, they flow together. Seeing how instruments behave during different times will help you see their predictability.
Will there be a new paradigm for trading within the next few years? With the evolutionary changes in market technology every day, people can’t argue with the fact that markets are indeed evolving by the second.
Technology that was once available to only exchanges and institutional traders is now at the fingertips of anyone with enough funds to open a trading account. Powerful computers, internet faster than the blink of an eye, electronic markets, and direct access trading have made trading possible for more people than ever before.
This audiobook is meant for anyone who has ever had a strong interest in futures trading. From beginner to expert, this book aims to go through the depth of financial markets in order to help you understand how markets behave and to hone your own personal trading strategy.
This audiobook gives a comprehensive guide on the following:
How to start trading
Futures contract codes, sizes and trading months
Futures spread trading
Ways to know your products
Which market to trade and with which broker
When to trade and when not to trade
Utilizing binary options
Comparing and combining models
Performance visualization and combinations
Developing trading models
Why is leverage riskier
Entries and exits
Markets will fall, and markets will rise - it is within their very nature. Prepare yourself by learning all there is to know about the markets. Equip yourself with the full and complete knowledge of the markets before you decide whether trading is for you.