An Essential Ingredient for a Profitable Trading Life!
Recommended for traders at all levels, beginners all the way through to advanced.
Can you believe it? Over the years, Joe Ross has come to realize that many traders, perhaps most traders, are unable to give a correct answer to the questions listed below:
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What is the "settlement price?"
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Is there a buyer and seller of last resort when trading futures?
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What is backwardation?
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How are feeder cattle contracts settled? How are live cattle contracts settled?
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What does the study called "Stochastics" measure?
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Name two indicators that can be used to give true confirmation of one another as well as of the price action?
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Define the two kinds of FCMs?
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Define the two kinds of IBs?
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Is anyone required to make a market in futures, and if so, when?
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What is a clearing firm?
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Why is your money safer with a futures broker than with a forex broker?
How did you do? Did you know the answers? Are you sure?
Asking you this series of questions was the best way to help you determine if you need our guidance. "Futures - From The Beginning" don't let the name fool you. This eBook has information for traders at all levels, from beginners all the way through to advanced. Whether you've been trading for years or are just a beginner, there is detailed information about this business that most traders do not know, and are unaware that they need to know. If you're lucky, you might find this information on the web, but you might have to read through thousands of pages to get it. However, in "Futures - From The Beginning," you will find the answers all in one place.
Example 1: You are trading a Eurodollar spread. You give the broker your order: "Buy one December 2006 Eurodollar and sell one December 2007 Eurodollar at a spread of 52, premium to the buy side. After awhile the spread comes back and it is filled. You look at the individual legs of the spread and realize that the fill you received for the December 2006 contract was at a price beyond the limits of the prices traded throughout the entire day. What recourse do you have? Do you need recourse? Was the fill legitimate?
If you trade spreads, regardless of which markets, you need to know the answer. The answers are available in this course.
Example 2: You enter a euro fx trade from your electronic trading platform. Prices move into a trading range and continue to move sideways for awhile. Suddenly you realize that the prices on your screen have stopped ticking. You check your computer and it seems to be working. To be sure, you reboot. Nothing changes, still no ticking. You call your broker and he tells you the exchange computer is down. After about an hour the exchange computer comes back up, and you are facing a substantial loss. Do you have to eat that loss? Do you have recourse?
"Futures - From The Beginning" gives you the answers - all in one place.
Example 3: You bought an in-the-money Put option and prices have moved up. The Put is now out of the money, and your option is within a few days of expiration. The broker issues you a margin call. Can he do that?
Example 4: You are long a soybean contract. Somehow first notice day slipped past your attention and you discover that you have been assigned to take delivery. What are your options?
Example 5: You are short a Call option. The option finishes in the money and the option is called away from you. What does that mean? What is your position? What do you have to do?
Example 6: You are trading forex and are long. The trade has you with a very small gain, so you decide to hold overnight. What impact does that have on your account?
Example 7: You decide to trade Crude Oil futures at the NYMEX. You enter with a market order. You do not receive a fill for 45 minutes. Is that allowable for a market order?
If you are not sure of the solution to every one of the seven examples, then you will some day find yourself facing serious difficulties.
Did you know that there is a better way than a moving average to follow a trend? You will discover that way in this eBook, along with a method for staying with a longer term trend. That doesn't mean that you have to trade the daily, weekly, or monthly charts to realize the benefits from what we will show you.
We've seen a market trend for 400 price bars on a one-minute chart in the British Pound. That's the equivalent of two years of trading on a daily chart. You can trade a trend like that.
You can increase your chances for trading success when you know and understand the business of trading.
The more you know, the better off you will be. You need to know the rules and the players; you need to know what can hurt you and what can help you.
For instance, so many traders seek to acquire confirmation from two or more indicators that are all measuring the same thing. You can chase your tail round and round like a dog with an itch, but you will gain nothing from your pursuit when all the indicators are duplicating each other. What we're saying here is that many traders will use more than one momentum indicator, or more than one volatility indicator, to confirm not the price action, but to confirm a different indicator of the same type, measuring the same thing. But that's not the way to do it. The correct way is revealed.
There is more, much more, contained in the 21 Lessons. We feel this is information every trader should know, but that all too many do not know. The course will give you the facts you need to make important decisions.
You've waited long enough. Every day that you trade without this vital information puts you at greater risk.
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Futures - From The Beginning
eBook
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