How to trade futures successfully

The Futures Trader's Destination for Over 25 Years.

Top 4 Mistakes That Cause Futures Traders To Fail

Ilan Levy Mayer, Vice President of Cannon Trading, shares with you 8 of the most important concepts involved in the day trading of futures. Read the sample below and then download the rest of the booklet for free by filling out the form to the right.

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10 rules successful traders follow | Futures Magazine

My name is Ilan Levy-Mayer and I am the Vice President and Senior Futures Broker at Cannon Trading. I came up with the following personal observations after serving online traders worldwide for more than 11 years. The following steps are guides to progress, and are not necessarily in sequential order. Some of them are always required, but each futures trader is different and will relate to these stages in their own ways.

While attempting to learn and progress, one must keep in mind that futures trading is risky and can involve significant losses.

Hopefully if you are already trading you have completed your initial education: Understanding this information is essential to futures trading. The second type of education is ongoing: What I am advising is developing a trading technique: As you progress, you may want to put the different rules and indicators into a computerized system, but the most important factor is to have a focus and a plan.

Don't just wake up in the morning and trade "blank. This is the key! Do what you need to do in order to survive this brutal business and give yourself the chance of being here down the road with more experience and a better chance of success. Survival is probably the biggest key for beginning traders. There is a saying in this business: While it is closely related to survival, money management can also stand alone. Sound money management is closely associated with knowing your risk-reward ratio how to trade futures successfully, per trade and per time frame.

You should have a game plan and established goals which will function as a road map to measure your progress and improvement. Set per-trade goals, daily goals, weekly goals, etc. Many of you who are clients are familiar with these questions: What is your daily profit goal? Where do you power options radioactive trading yourself in a week from now.?

Six months from now? A year from now? How are you planning to get there? Break it down into small steps, and you'll always know whether or not you're on the right track. And do not forget to continually re-evaluate your financial situation as it pertains to risk capital. If you made it to this stage you're on the right track! Just like anything else in life, the more experience you have, the greater your success is likely to be.

The key is to acquire the experience without devastating your risk capital. What good is experience without risk capital in your trading account? Teach yourself to recognize different set-ups that you feel comfortable and confident with.

You nse stock option quotes get to this stage without going through the previous steps. If you did how to trade futures successfully survive, develop a trading options for the development of the australian wholesale gas market, set goals, etc.

I sometimes compare being the "pro" to the lion who is waiting patiently for its prey and then attacks when the time is right!

How To Day Trade

This means you will continue to evolve as a trader and go through these stages over the years again and again. Please be realistic, make sure you only try this with risk capital only and periodically check yourself and try to learn from your mistakes and successes.

The material contained in this letter is of opinion only and does not guarantee any profits. These are risky markets and only risk capital should be used. Past results are not necessarily indicative of future results. The risk of homepath earnest money deposit in trading can be substantial, carefully consider the inherent risks of such an investment in light of your financial condition.

Day trading can be extremely risky. Day trading generally is not appropriate for someone of limited resources and limited investment or trading experience and low risk tolerance. You should be prepared to lose all of the funds that you use for day trading. And more, you should not fund day-trading activities with funds required to meet your living expenses or change your standard of living. You should be wary of advertisements or other statements that emphasize the potential for large profits in day trading.

Day trading can also lead to large and immediate financial losses. Day trading will generate substantial commissions, even if the per trade cost is low. Day trading involves aggressive trading, and you will pay commission on each trade.

The total daily commissions that you pay on your trades will add to your losses or significantly reduce your earnings. Day trading on margin may result in losses beyond your initial investment. You and your broker will work together to achieve your trading goals.

10 rules successful traders follow | Futures Magazine

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All Rights Reserved Futures Brokers About Cannon Risk Disclosure Privacy Statement Contact CFTC NFA Sitemap. The risk of loss in futures trading can be substantial, carefully consider the inherent risks of such an investment in light of your financial condition.

Cannon Trading Company, Inc. Trader's Profile Demo a Platform Contact Us. Read our guide which outlines some important futures day trading concepts.

It may be beneficial to read this guide before trading commodities on the futures market. Shogun Trade Executer Real Time Trading Algorithm. Download the 8 Steps Fill Out Your Trader's Profile. Services Why Cannon Trading?