Beginner Guide: How to Get Started Trading Futures
So, you want to trade Futures?
Ever since the movie Trading Places, where Eddie Murphy and Dan Akyroyd’s characters struck it rich overnight trading Orange Juice futures the public has been fascinated by the futures industry. In fact, if you do any late night channel surfing you’ll see that Futures (also know as Commodities) are once again at the forefront and gaining in popularity.
While the late night TV hucksters try to convince you that “gold is poised for a tremendous move” or that you can make it rich trading the FOREX by watching two lines twist and turn, most people are very unfamiliar with what futures are.
Trading futures is probably unlike anything you’ve ever tried before.
While futures are generally grouped with other forms of investments like stocks or bonds, they are like neither.