Wednesday, October 7, 2020

Trading Futures: It's Not Simple, But It's Not Voodoo

I've decided to take a couple of months and learn all I can about trading futures.  I have found from a variety of sources that it is something that takes patience plus a systematic, non-biased approach.

I started by contacting a young man who has been very successful and he has helped me tremendously with a couple of his courses.  You can find out more information on him by visiting triforcetrader.com or by looking at some of his videos on You Tube.

"Tri" uses algorithms to set up certain automated strategies.  Once you purchase his system, he shares these with you and you can let them run in the background.

However, if you want to be more active on a daily basis (not a crazy day trader) who wants to see some potential daily short-term gains, I recommend a book that "Tri" recommended to me:

Long Term Secrets To Short Term Trading

This book explains futures trading in a different way than "Tri" and outlines a methodology that gives a variety of strategies for daily futures trading: patterns as to whether a market is trending up or down, best days of the week to trade particular entities (indexes, metals, energies, agriculture), formulas to calculate how and when to leverage a trade.

It has all been very fascinating.  I recommend you learn some of this stuff even if you don't plan to trade currently.  

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