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Should You Get Into Day Futures Trading?
from: Maxx Trading GuidesStatistics show that more and more people are becoming interested in investing into futures trading accounts because of the strong likelihood of collecting robust gains. The reasons why they choose futures vary:
* They have gotten a little bored with investing in other financial instruments, like mutual funds, bonds and stocks and want to dabble in something new.
* They have been successful with stock, bond and mutual fund investing and are hoping to widen their earnings even more.
* They have not had much success with bonds, stocks or mutual funds and would like to try their hand at day futures trading in the hopes of finally raking in a win
* Someone they know has had good experiences with day futures trading that they want to obtain a piece of the sumptuous money pie.
The common denominator why people choose to invest in futures is the lure of money. However, day futures trading is not a fool-proof business. There are risks involved and it would be wise to first find out what you're ready to face before you get into it.
The market is unpredictable
Just because you're trading futures and have some form of control over the outcome of your transaction, you can never be fully sure that you'll be banking a win. A lot of experts will give out forecasts about where the futures market is going, but none are extremely accurate. Trading is basically a gamble, so it's best not to put all your eggs in one basket.
You must determine how much you intend to risk
All traders seek to prevent huge losses on their futures accounts and not even the most seasoned of traders are spared when the tides turn against them. However, what separates professionals from the novices is that the former have greater emotional control when the heat turns up.
It is inevitable that markets fall, because that's their nature. If you think you can't handle too much risk, then don't invest too grandly. Put out only what you can comfortably work with.
To be successful in day futures trading, you must first determine what your key goal is. Are you trading to generate profits, or are you doing it because it's exciting? Also, you must have a realistic aim, one that you can truly work with based on the resources you have.
Overshooting is one of the common mistakes in day futures trading. When you make a financial plan, stick to it until the end and don't keep changing along the way. This will only cause confusion and result in you losing a lot more money in the end.
The main thing day futures trading can guarantee you is that you will lose at some point. This advice isn't really encouraging but it's a realistic look at the industry. That's why those who are just starting out in futures trading are being told to expect the worst, but hope for the best. If you win, then good for you. If you lose, take defeat like a professional, see where you went wrong and then trade again.
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Trading Futures In Singapore News
Oil Falls on Bigger-Than-Expected Inventory Gain, Lower Demand - Bloomberg
 Seattle Post Intelligencer | Oil Falls on Bigger-Than-Expected Inventory Gain, Lower Demand Bloomberg - 8 (Bloomberg) -- Oil futures dropped for a third day after a US government report showed bigger-than-expected gains in supplies of crude, gasoline and ... Oil slide continues Crude Prices Stay Below $43 Despite Mounting Mideast Tension Oil set for rebound in 2009, analysts expect |
DJ Energy Calendar - Futures, Options Dates - Jan 8 - MarketWatch (press release)
DJ Energy Calendar - Futures, Options Dates - Jan 8 MarketWatch (press release) - 23 Nymex February Singapore fuel oil futures last trading day Jan. 26 Nymex January uranium futures last trading day Jan. 27 Nymex February natural gas ... |
Crude Oil Rises After Rockets From Lebanon Struck Israel - Bloomberg
 ABC News | Crude Oil Rises After Rockets From Lebanon Struck Israel Bloomberg - It was at $43.11 a barrel at 2:59 pm Singapore time. Yesterday, futures dropped $5.95 to $42.63 a barrel, the lowest settlement since Dec. 30. ... Video: Israel responds to rockets fired from Lebanon - 08 Jan 09 Oil Trades Little Changed as Rockets From Lebanon Hits Israel |
Citigroup Profits From Contango With Ship Off Orkney - Bloomberg
Citigroup Profits From Contango With Ship Off Orkney Bloomberg - 8 (Bloomberg) -- Citigroup Inc.’s commodities-trading unit followed BP Plc and Royal Dutch Shell Plc in anchoring a full oil tanker offshore northern ... |
ICE Announces Martin Luther King, Jr. Holiday Trading Schedule - Biloxi Sun Herald
ICE Announces Martin Luther King, Jr. Holiday Trading Schedule Biloxi Sun Herald, USA - ICE Futures Europe(R) is ICE's regulated energy futures exchange. ICE's regulated North American exchanges, ICE Futures US (R) and ICE Futures Canada(TM), ... |