I recently bought a really good eBook called How To Trade The Futures Market by Malcolm Robinson.
I love to read first hand accounts of how traders begin by failing in the markets and then instead of just giving up, they take a step back and look at how their trading system fails to make profits and then tweak their system to go back into the markets to become a successful trader.
How To Trade The Futures Market is a great example of this type of story! Within the pages Malcolm Robinson gives an indepth account of how he went from losing £60,000 (currently about US$120,000) in his first year as a futures floor trader to turning himself into a successful and profitable professional trader.
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If you have been thinking of getting started in futures trading, then you might want to consider E-mini Futures Trading.
The reason that E-mini futures trading can be a really good choice for the trader who is starting out in futures trading is that the trading lots for the futures contracts are considerably smaller, so lend themselves to the trader who does not want to risk as much trading capital.
As any trader who wishes to embark into the leveraged world of the futures pit should know, there is a considerable amount of extra risk compared to stock trading because of the leverage that is allowed when buying and selling contracts.
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If you trade futures or Emini Futures then you should have, or at least be thinking of creating, a Futures Trading System.
Why is it so important to have a Futures Trading System?
Probably the biggest reason is that if you are going to be speculating by trading financial instruments, then trading futures is probably carries the highest risk.
With the high amounts of leverage, lock limits and volatile markets, you need to do everything possible to arm yourself against huge losses that can occur when trading in the futures market if you don’t have a well laid out trading system.
If you don’t already have a Futures Trading System, there are several ways to get one.
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