Friday, May 31, 2013

The four biggest mistakes in futures trading

First  the  bad  news:  best  estimates  suggest  that  90%  of individuals  who  trade  commodity  futures  lose  money  doing so.  Now for the worse news: This estimate may be too low. The  sad  fact  is  that  somewhere  along  the  way  the  majority of  traders  make  one  or  more  critical  mistakes  in  their trading,  which  cause  their  losses  to  exceed  their  winnings. The  good  news  is  that  the  mistakes  that  cause  most  losing traders  to  fail  are  quite  common  and  readily  identified. These  mistakes  will  be  detailed  in  this  book. The  better news  is  that  by  being  aware  of  the  potential  for  making these  mistakes  and  by  taking  steps  to  avoid  them,  you  can make  a  great  leap  towards  becoming  a  more  consistently profitable  trader.    The  information  contained  in  this  book will  help  you  to  become  a  more  successful  trader  –  not necessarily  by  teaching  you  to  be  a  “good”  trader,  but  by teaching  you  how  not  to  be  a  “bad”  trader.

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