Winning in the Futures Market (Three ways to beat the system) by Allen D. Hanson
There are very few successful futures traders. Most winners tend to give back their earnings and many
of the people that try the commodity futures markets never really get to first base. Income tax accountants
and bankers know full well that the average trader is a loser.
There is always the old question, "Where are the rich commodity traders?" They are few and far between.
Almost everybody that I have known over the years that made it big in commodities also lost it big
The market is a great taskmaster and a great personal equalizer. It is a challenge unsurpassed in difficulty.
That is why I trade it.
Let's examine the advantages and disadvantages of trading futures contracts.