Day Trade Futures Online

Larry Williams

• 14 juni 2000
• 9780471383390

Samenvatting:

For those who are well suited to day trading and short term trading, the futures market is one of the best games in town. As the original short term vehicle, the futures market allows the trader to collapse the time frame in which he or she can reach the desired profit target or pain threshold. As a result, wins and losses are compounded much more quickly than in stock trading and, in the case of wins, often more profitably. The ability to gain leverage with very little on margin gives you, the trader, the ability to earn more off smaller swings. And enough home runs could allow you to become your own boss, work from home in your bathrobe, or even work from your cell phone while lying on the beach. So far, so good. But what does it take to win? In Day Trade Futures Online, award winning veteran futures trader Larry Williams gives a no holds barred view of the risks and rewards of this increasingly accessible arena. His straightforward approach to helping you determine your trading personality is the first step. Then he offers traders what they really need: strategies and tactics designed to beat the futures markets. From hardware and software setup to trading psychology and successful strategizing, this highly readable book covers all the bases needed to prepare you to trade online, including:
Assessing your risk threshold
Streamlining the glut of trading and price information to make it work for you
The importance of knowing how to manage your money
Choosing an online broker and utilizing other online resources, such as news, chat rooms, and message boards
When to get out of your trades
Building a system based on Larry s time tested strategies
. and that s just for starters. Also included are an appendix of basic futures concepts and a select bibliography of some of the best learning resources. With good humor and brutal honesty, Williams guides you in building the trading system that will work best for you.