introduction to trading mini futures

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1、TOP1INTRODUCTIONTOTRADINGMINIFUTURES©TradingMini-CommoditiesAndTheMini-FOREX.ABeginnersGuideToMakingMoneyWithASmallBankRoll.ByRichardA.Tolar(ThisbookhasbeenupdatedJan./2008)Hello.MynameisRichardTolarandI'vebeentradingcommoditiesandcurrenciesforover20years.Thereisamythbandiedab

2、outinthefuturesandFOREXtradingcommunitythatunlessyouhaveatleast$10,000youcannotsuccessfullytradethesevolatilemarkets.Nonsense!Youdon'tneed$20,000,$10,000,oreven$5000totradecommodities.TheMidAm,nowwiththeCBOT,designedtheMiniFuturesmarkettofillthegapbetweenthehighrollerlargeacco

3、untsandthetraderthatonlyhasacoupleofthousanddollarsorsotoinvest.TheFOREX,(ForeignExchange)hasmini-forexcontractsthatyoucantradeforacoupleofdollars.SomeFOREXaccountsrequireonly$300toopenandafewyoucanopenanaccountfornothing.Thisbookismainlybasedonthemini-commoditiesbecausethatis

4、whereIhavethemostexperience.However,theFOREXpricemovementsareessentiallythesameascommodities.Thatmeansthata123-UPwilllookthesameinbothmarkets.ASideNOTE:Technicaltradersinthestockmarketsusethesamepricepatternsthatforminthesemarkets.DoYouReallyWantToBeASuccessfulTrader?AFEWTHOUG

5、HTSONTRADINGFUTURES***·Therearemultitudesofcommoditytradingbooksonhowtomakemoneytradingfuturescontracts.However,apersonwillbehardpressedtofindhow-tobooksdevotedexclusivelytotradingMini-Futures.ThereasonIbelieveisthatMini-Futureslacktheglitterandclaimstoinstantwealthfoundinthem

6、oretraditionalcommoditytradingmanuals.·It'sunfortunate,butanalarmingnumberofnewtraderswillreadoneormoreofthehow-tobooksoncommoditytradingandjumprightinandplaceatradeordernotfullycomprehendingtherealrisksinvolvedintrading.·Futurespricescananddomakeextremepriceswings.Newtraders,

7、becausetheylackexperience,areunpreparedtohandlethelargelosseswhentradingstandardfuturescontractswhenpricesmovesuddenlyagainsttheirposition.·Mini-futuresarenotimmunefromthesameextremepricemove.However,thedollarlossisconsiderablyless.Minifuturescontractswillletanewtradersurvivea

8、suddenmarketshiftandhavemoneyleftintheirtradingaccountforthen