Online Future Trading Systems: How I Nearly Lost My Shirt

By: Jim L Canter

Is your online trading experience like mine? The first 12 - 15 years, in the business, I read every book I could lay my hands on. I attended seminars and day trading courses and bought software to help devise a personal "universal trading system".

But what I did manage to develop was a smaller bank account. Forget about the months and years I wasted. It was all of no use; the books, seminars, programs, and indicators - none of them helped too much. Not one of them trades before the market movement.

What You Can Expect From A Good Commodity Trading System:

In the end, what is important is being able to predict the price of the commodity you speculate in. The truly successful traders accurately predict prices constantly, without the benefit of studies or pointers, normally achieving ten point trades, if not more. They call trades in real time and most entries are called well in advance of the market movement.

Make sure that the online system you rely on functions in all market conditions. In addition, it must be applicable for any future, commodity, or stock trading, including e-mini day trading.

The Future You Should Trade:

I would advise you to trade in futures that allow day trades regardless of the fact that as a mere individual, as opposed to a big company, you may not have much money.

Any future will give you sufficient leverage, in terms of the diversity of stocks it's possible for you to trade, and the options are many - the same futures traded by large institutions. Simultaneously, it should not prove very costly for a contract. Most importantly, it should not involve investing hundreds of hours in research, or using stock screeners and analyzing charts in each and every time frame.

It should be possible for you to complete the contracts immediately and the market should usually move favorably.

The Advantages Of A Good Trading System:

A commodity trading system that works well should get you to predict commodity prices correctly and easily. After you come across such a system and figure out how it works, you will wonder how you could have missed it; of course, it is not easily discernable until someone else points it out to you. And when it is, your scope for trading improves greatly.

Day trading may seem to be very complex but it can be very easy. It can be very enjoyable earning a lot in futures trading, without the tension and anxiety that usually is linked with day trading. The trick is to figure out how to forecast correctly and if you learn enough, success is yours for as long as you want.

To repeat what I said, in the beginning, my initial trading plans merely resulted in my squandering money. This program changed all that. I don't claim it's a magic wand, but it is the closest thing to it I have found.

The Steps You Need To Take To Be Sure Your System Delivers:

There are a number of advisors for commodity trading who maintain that their commodity trading software never fails. Always remember that these claims have to be proven first. The next time you hear about a wonderful online future trading system, tell the vendors you want to look at their trading record.

How much have they grossed while trading futures, over a reasonably long time-span? Do the people who use their system average ten points a day? Would they allow you to watch them call the market in real time before the market movement, with some precision? Is there a free trial period?

If you start day trading before resolving these points first, you may end up going bankrupt, as almost happened to me.

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