Thread: How to become a successful futures trader

Results 1 to 5 of 5

  1. #1

    Default How to become a successful futures trader

    Hi Folks,
    I am new in trading and lost too much money so far and getting disappointed Could you please guide me how I can be a consistent winner? What should I do? What strategies/methods do really work? Is there any good and reliable trading room which calls trade (futures) with more than 70% winning rate? I tried few rooms and almost all of them were loser or at least break even. Any advise would be appreciated.
  2. #2
    FarmonTob
    Guest

    Default

    A few items
    - study / work a lot, there is no real short-cut into becoming a profitable trader, most likely there is possibility to make money i another activity easier, if you don't want through the learning curve
    - forget all trading rooms
    - forget all fancy indicators
    - don't change every other day
    - your trading style must fit your personality, there is not good and wrong
    - don't trade real money until you are profitable on SIM
    - keep in mind trading real money is still very different
    - be prepared for a lot of study and a lot of screen time
  3. #3

    Default

    yupp trading rooms you will see in course may not be worth it.....

    am/been on a few twitter based stuff ....and see they are a hit and miss....and most may not use any special apps/indis.

    not saying everything is useless but if they actually trading large AUM, but person following is a 1lot trader may not have anything in common to the person holding x+Mill and trading. spending money on useless stuff is also an art...wink

    but i think @rleplae hit it...if not profitable on SIM....and you dont sweat if on SIM.....SIM will not get you far

    from a trading perspective....people go for the grail. it is illusive. but there is a grail. however it is what you believe and can trust in...as its your money at risk and no one else's.

    there is no single answer unfortunately. reason i said rooms cannot help....as they wont accept loses. its easy to give advice..likewise also on a bulletin board.

    am not discouraging. i myself have also given a fair share to the market and also taken...however the given is bigger when you also count taxes paid on profits

    what i realized is what i look for has to come from me..i.e for me i need to understanding charting, i need to understand OF. Period i need to know why price is moving...other than a exogenous event since i do not have news subscriptions.
    There are many things i also do not look into which a well rounded trader does...which is Fx/Int Rates/Credit Swaps...etc..but for me that will come in time.

    what i penned is not advise....but just some of my ramblings and 2cs which i try to follow as my quest to be in the markets. For everyone else it will be different

    i wish you only the best.
  4. #4

    Default

    behnod View Post
    Hi Folks,
    I am new in trading and lost too much money so far and getting disappointed Could you please guide me how I can be a consistent winner? What should I do? What strategies/methods do really work? Is there any good and reliable trading room which calls trade (futures) with more than 70% winning rate? I tried few rooms and almost all of them were loser or at least break even. Any advise would be appreciated.

    Gotta find yourself a good system and stick with it

    Sent from my SAMSUNG-SM-N910A using Tapatalk
  5. #5
    Gelfordmi
    Guest

    Default

    behnod View Post
    Hi Folks,
    reliable trading room which calls trade (futures) with more than 70% winning rate?

    If there was a guy/girl who could do that you really think they would run a trading "ROOM"?

    For futures and I assume you mean eminis and not sugar hogs grains cattle I suggest to spend the next 3 months studying everything FT71. He gives away his vast knowledge for free, technical and on the psycho level.

    -

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts