Must Efforts Before Being a Futures Expert

WikiFX Strategies (25 Mar.) - The futures market is a zero-sum game, which indicates you earn money at the expense of others capital. Though profitable traders are always the minority, the only way to survive in the market is to become one of them.

There is no professional training for futures traders, thus long-term practices are necessary for constant earnings.

Before trading futures, you first have to gain an overall comprehension by studying it for at least one to two years. Besides, you need to read a few books, with good ones reviewed at least twice. Then you could simulate tradings for three to five months until you build up your own trading system!

Secondly, futures trading is a test of emotional intelligence, which is divided into three stages that leave you struggling with pain and hope:

Stage 1: Overcome fear and greed. You should keep honing skills in the market, stay self-critical, and develop yourself with perseverance!

Stage 2: Follow the discipline, that is, stick to the trading rules set by yourself.

Stage 3: You could earn a profit after the first two stages. At this time, you should be alert to empiricism and inflated egos! In the face of great risks, you must handle funds in a low-key manner and always be in awe of the market.

In futures trading, the first goal is to survive in the market for a long time; the second one is to make long-term, stable profits; gaining windfall profits comes only the third!

Download WikiFX (bit.ly/wikifxIN) to get lessons from experts who have traded forex for over 20 years.