Online futures trading offers a profitable opportunity for traders working from all over the world. All that is required is a computer, an internet connection, and, of course, a profitable trading system.
You already have the computer and the internet connection - how about the profitable online futures trading system?
Online futures trading is a complex and competitive business where a proven trading system is essential. FxdailyInfo.com provides information, resources, and tools to assist traders in formulating a trading plan and successfully implementing that plan.
What To Trade
There are literally thousands of instruments that a trader can choose to trade. Online futures trading has a lot of benefits, but also take a look at the advantages and disadvantages of other ways to trade: Commodity Trading, Forex Trading, Stocks Trading, Options Trading and Spread betting. How To Trade
What is the difference between Mechanical and Discretionary trading?
There are a number of different trading styles that a trading system can be built on. However, a trading system's chosen style can be broken down into three parts: trade entry, trade exit, and money management. A system should always be carefully back tested to ensure that an idea is feasible and to examine historical performance of the system.
Diversification can help to reduce overall risk and reduce draw downs on equity. It is, therefore, often a good idea to develop a number of trading systems over a number of different instruments and incorporate them all into your trading plan. Finally, the Psychology of trading should never be underestimated.
Tools Of the Trade
Software, books and websites for traders. Also, advice for choosing a forex or futures broker. Mini Dow Jones Trading System
Follow the development of a mechanical trading system from conception to fully disclosed rules. Also, historical performance for 2003 and 2004 plus on-going performance for 2005. NEW - We have now added the results of trading the system over different markets.