Futures, common sense trading. Futures trading instructions
For some reason, it just so happens that people who don't have money want to earn a lot and as quickly as possible, despite the risk.
At the same time, when you already have a substantial amount of money in your hands, greater preference is given to options with minimal risk, even if they have less profitability.
Futures are one such option; trading futures is simpler than other exchange-traded assets, yet much more profitable than investing in deposits or bonds.
The main thing is to grasp the essence of the trading process itself and understand the dynamics of price movements for the most popular futures.
Perhaps the problem is that it was written by employees of one of the brokerage companies , and therefore it contains less theory than standard university textbooks.
Summary:
Looking at the market, charts – charts in the trading platform are the main tool for analyzing the futures market. Chart time frames, terminology, and concepts used.
Charts – this chapter focuses more on trend analysis and its properties. You'll also learn methods for determining trend direction.
Support and resistance levels – general concept, formation of price channels, principles of constructing support and resistance levels.
Reversal and continuation patterns are examples of chart patterns that can help in predicting the future direction of a trend using chart analysis .
Entering a trending market – determining the most successful entry points taking into account the specifics of futures trading.
Goals : Determining the potential profit before opening an order. Planning the profitability of a trade based on market conditions.
Indicators – an overview of the most effective indicators that can be applied to this type of trading.
Traders' Open Positions Report – Analyze market sentiment using the Traders' Open Positions Report or Indicator .
Putting it all together – a summary of the key principles to follow when trading futures.
