Proper money management is imperative for success in futures trading, and there are several very common trading mistakes that will guarantee failure should you decide to implement them. It's not uncommon to see people engage in these account busting practices. To be sure, most unsuccessful traders engage in these practices on our regular basis. I want to clarify that money management refers to the manner in which you manage risk in ...

From the onset I want to emphasize that there is no Holy Grail to becoming a proficient day trader. There is no magic dust, no special pills, there is hard work, constant learning, and the drive it takes to be both efficient and skilled in any profession. A novice trader does not need to invest his or her money in 4 or 5 courses at a cost of $10,000 or ...

An investor designs a trading plan for maximum returns over the long term, but if you trade for a living other factors are more important. This may seem strange to the novice trader, but if you have traded for a long time you will come to recognize that certain types of plan, while very profitable in the long term, are impractical as a means of supporting a person with bills to ...

Many traders depend too much on charts and technical analysis. It is true in the short term technical analysis is the best tool a trader can use. It is purely based on price action. Now professional traders often anticipate the market fundamentals and factor these fundamentals even before they occur. For example, heating oil demand tends to rise in the fall and winter. Now a novice trader will think that it ...

I don't doubt the legion of day traders who claim great success with options and stocks. But neither of these investments meets the criteria for a great day trading instrument for me. Why? The real issue in day trading stocks for me is the lack of leverage available to maximize profits. Regulation T is currently set at 50%, which means your margin account must contain at least 50% if the net value ...