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.
Les mer
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.
Les mer
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