UPDATED & EXTENDED 2ND EDITION This practical book provides you with everything you need to be able to day trade grain futures effectively. It opens with chapters explaining the author's preference for the grain futures markets, and his reasons for preferring to day trade, before going on to explain the fundamentals of trading and the more specific knowledge required for his chosen approach. In a concise, punchy style the reader is introduced to some timeless trading concepts, and shown how these ideas can be moulded into a trading system to attack the exhilarating grain markets. No sophisticated indicators or complex mathematics are found here. Instead, the author builds a system based on tried and true trading principles, combined with sound money management strategies. The particular challenge for a day trader during the volatile market open is to quickly identify support and resistance zones, and form a view on trend direction, based on limited information. The author describes how he does this, with detailed illustrations and real life examples. He then goes on to explain exactly how, based on the initial market movement, he determines stop loss and target levels. A key feature of the book is the chapter tracing the progress of a real life trading session. It shows the author's methods being applied in practice, with numerous screen shots giving the reader an understanding of what the trading process feels like in practice - effectively giving you a fly on the wall view of the author in action. Another highly illustrated chapter shows a complete month of trading charts with commentary on trades taken, giving the reader an appreciation of the longer term trading process. A process described by the author as "constant repetition of a simple plan, concentrating on implementation excellence". Other chapters outline the author's views on the need for practice, and discuss the practical points a home-based trader should attend to in their computer and internet set up. The book's focus is to highlight the exciting opportunities of grain futures and provide the vital detailed and hands-on information that will make it invaluable to all futures, equity, options or CFD traders.
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UPDATED & EXTENDED 2ND EDITION This practical book provides you with everything you need to be able to day trade grain futures effectively. The book's focus is to highlight the exciting opportunities of grain futures and provide the vital detailed and hands-on information that will make it invaluable to all futures, equity, options or CFD traders.
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About the Author A Note on the Second Edition Preface Prologue Part I: Day Trading Grain Futures Chapter 1: Introduction Chapter 2: Why Trade the Grains? Chapter 3: Why Day Trading? Chapter 4: It's All a Gamble Chapter 5: It's All About Managing Risk Chapter 6: What Do I Trade? Chapter 7: What a Speculative Trader Does Chapter 8: Charts Chapter 9: Support and Resistance Chapter 10: Entry Rules Chapter 11: Managing the Trade Chapter 12: Implementing the Plan Chapter 13: My Trading Calculator Chapter 14: My Trading Screen Chapter 15: A Case Study Chapter 16: A Month at the Tables Chapter 17: The Importance of Practice Chapter 18: The Computer Set-up Chapter 19: The Trading Ritual Part II: Reflections 10 Years On Chapter 20: A Winter's Day Chapter 21: I'm a Trader Chapter 22: What's This Psychology Stuff? Bibliography
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"Throughout the book he offers useful comments about trading and risk management that he has experienced over many years of trading. These are well worth the reader’s time, since making too many mistakes and not focusing on the key elements of trading will result in an expensive failure.
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Produktdetaljer

ISBN
9780857196590
Publisert
2017-08-14
Utgiver
Vendor
Harriman House Publishing
Vekt
358 gr
Høyde
234 mm
Bredde
156 mm
Dybde
13 mm
Aldersnivå
00, G, 01
Språk
Product language
Engelsk
Format
Product format
Heftet
Antall sider
248

Forfatter

Om bidragsyterne

David Bennett is a futures trader living on the Gold Coast in Australia. His formal career spanned computing, teaching and human resource management, but his passion is trading. "For many years I tried every trading technique I heard about, with indifferent results, but then I got into day trading futures – and I've never looked back!". With an IT background, he developed software for his own use, and this is now sold to other traders under the TradeOnAUTO brand. David initially became interested in finance and trading when he was chairman of the trustees of a large superannuation fund, working closely with professional fund managers.