Success as a futures trader is dependent on your ability to master technique, psychology and money management. Life as a trader can be phenomenally successful, but it can be equally risky, particularly while you’re learning to dot the i’s and cross the t’s. It would be a mistake to quit your day job until you’ve mastered the three elements of successful trading. Master only one and your lack of knowledge and expertise in either one of the other two areas may bring you to the brink of disaster and topple you over. Remember, mastery and balance of all three elements is vital to success.
Archives for July 2007
What Are E-Minis?
July 17, 2007 By
E-mini futures trading is a specialized type of derivative futures index trading. E-minis are small futures contracts on the S&P 500 index, the NASDAQ 100 index, Russell 2000, or the Dow 30 index. It’s a way for small individual investors to participate in the broad movements of the market. The lure of index futures trading is the excitement of pitting yourself against the broad market, not individual stock issues. Trading e-minis allows even relatively small investors to try their hand.
The Birth Of The Futures Market
July 13, 2007 By
In a Windy City a long time ago . . .
Though some suspect the ancient Phoenicians and Greeks may have dabbled in futures trading, the modern futures market was born in Chicago with the establishment of the Chicago Board of Trade in 1848. Know as the hog butcher to the world, Chicago was also the commercial hub connecting Midwestern plains farmers with East Coast food merchants. Telegraph lines, railroads and shipping all passed through Chicago. It was to Chicago that Midwestern farmers came in the 1840s to sell the wheat that fed the world.
Telephone Clerk Charged With Trading Fraud
July 12, 2007 By
“US District Court has ordered a telephone clerk of a NYMEX Floor Brokerage operation to pay more than $3.6 million for defrauding his employer.”You can read the full article here from the Commodities Futures Trading Commission website.
