Finding a System to Day Trade the Futures Market
Below is a MRR and PLR article in category Finance -> subcategory Investing.
Finding a System to Day Trade the Futures Market
Summary
Finding an effective system to day trade the futures market was challenging fifteen years ago and remains difficult today.Article
When I first became interested in trading futures, I had no idea where to start. I didn't know anyone who traded, and the prevailing advice was to avoid the futures market due to its risks. True, you can lose money quickly, but the potential for fast gains due to high leverage was appealing to me. I knew I needed a reliable system, but where to find one?
Back then, brokers would send out information from various exchanges, detailing different trading strategies for the futures market. This information seemed promising, and I thought that getting a charting service would set me on the right path.
However, I struggled to make these indicators work for me. Surely, someone was trading successfully with this information; otherwise, why publish it? I assumed more information was the key.
I turned to books, reading 30 or 40 of them multiple times. Despite applying the techniques, I couldn't trade profitably on a consistent basis. While others might succeed using these methods, I didn't. I kept one book from this period as a reminder of my experience, glancing at it occasionally. There might be great books out there that offer consistent trading success, but I never found them, and I wasted years searching.
Eventually, computer trading became popular. I found a program allowing me to create and back-test my own system. It sounded fantastic at $4,500, promising that anyone could program it. Unfortunately, that didn't include me. After wasting countless hours, I bought another program for half the price. I managed to write a few programs that performed well in back-testing, but they required tolerating large stops, which wasn't sustainable.
Years of daily chart studies, including evenings and weekends, taught me that everything in trading starts with price movement. Price is always right?"it reflects the current reality. So, I focused on studying price movements, eventually discovering patterns and trends I had missed before. After another year of refining entries and exits, I developed a system that consistently yielded profits. Price reveals its direction and potential turning points, and with practice, one can anticipate these shifts.
Learning to trade without a mentor was difficult and costly, demanding years of commitment and hard work. If you're new to trading futures or any market, finding a mentor with a successful system should be your top priority. It's said that 90% of futures traders lose money?"ensure you're among the successful 5%.
Keywords:
- Online future trading system- Commodity trading system
- Day trading online
- Day trading
You can find the original non-AI version of this article here: Finding a System to Day Trade the Futures Market.
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