Stocks & Commodities V. 25:3 (43): Futures For You by Dan O誰eil

Stocks & Commodities V. 25:3 (43): Futures For You by Dan O誰eil
Item# \V25\C03\050ONEI.pdf
$2.95
Availability: In Stock

Product Description

Stocks & Commodities V. 25:3 (43): Futures For You by Dan O誰eil

INSIDE THE FUTURES WORLD

Want to learn how the futures markets really work? Dan O誰eil, a principal at online futures and forex broker XPRESSTRADE (www.xpresstrade.com), responds to your questions about today痴 futures markets. To submit a question, post your question to our website at http://Message-Boards.Traders.com. Answers will be posted there, and selected questions will appear in a future issue of S&C.

DON探 FAIL TO PLAN

I知 thinking about getting into the futures markets because it seems so much more fast-paced and exciting than stocks. But a friend of mine who invests in commodities told me that emotion can be a trader痴 worst enemy in these markets. How can I avoid getting caught up in the emotions of trading?

Your friend is right. Investing in futures is a thrilling thing to do the prospect of riding a bull market to a handsome profit can be exciting. And given the liquidity and constant movement of these markets, the action and emotion is a draw. However, experiencing that emotion and trading on it should be two separate things. It comes down to trading with your head or trading with your heart, and trading with the latter may mean you won稚 be trading long.

Most long-term traders who succeed in the futures markets have removed emotion from the decision-making process by sticking to a trading plan. Many traders who are already negotiating the markets without a defined plan in place find it difficult to set aside the time and energy to create one midstream; this is a common but unfortunate situation. After all, if you were living in a house built on a shoddy foundation, would you be thankful for every day it didn稚 collapse and hope that your luck continued, or would you go about finding a way to get things on solid ground?




FOR THOSE ORDERING ARTICLES SEPARATELY:
*Note: $2.95-$5.95 Articles are in PDF format only. No hard copy of the article(s) will be delivered. During checkout, click the "Download Now" button to immediately receive your article(s) purchase. STOCKS & COMMODITIES magazine is delivered via mail. After paying for your subscription at store.traders.com users can view the S&C Digital Edition in the subscriber's section on Traders.com.




Take Control of Your Trading.
Professional Traders' Starter Kit
All these items shown below only $299.99!
  • 5-year subscription to Technical Analysis of STOCKS & COMMODITIES, The Traders' magazine. (Shipping outside the US is extra. Washington state addresses require sales tax based on your locale.)
  • 5 year access to S&C Archive
  • 5 year access to S&C Digital Edition
  • 5-year subscription to Traders.com Advantage.
  • 5-year subscription to Working Money.
  • Free book selection.
  • Click Here to Order