Tim is a full-time trader in the futures and stock markets and founder of EminiMind.com. He is also a Chicago-land native, competitive mountain biker, adventurer, and ASU Sun Devil.
While the trading of futures contracts is a seemingly modern one, where there is a great deal of speculative investing, in reality the commodity future contract is one of the oldest financial instruments, and arose from far more mundane concerns.
Thinking about trading futures but don’t know where to begin? Are you looking for help making the transition? In this session Tim Racette of EminiMind.com goes over the most important aspects of futures trading and help you build a foundation for your trading in the futures markets.
Traders are fascinated by indicators. But just because something is interesting, logical or mystical does not mean it works in the market. Testing is needed to be sure the indicator adds value, and we will define value as improving profits. If an indicator beats a simple trend following strategy, it adds value.
Stocks are a wonderful investment but they will not be the right choice for small investors looking at trading for a living. A widely cited figure is that stocks return about 10 percent a year in the long run.
In the fast paced business of commodities trading, it can be difficult to find someone who wants to take the time to help you understand the potential profit opportunities as well as the risks involved in today’s markets.
The first step to becoming a successful trader is developing a sound foundation of tools and knowledge in which to trade. Whether you’re new to trading or been at it for years, the tools and strategies outlined here provide a solid foundation for a successful trading career.
In the early seventies, amidst political upheaval, inflationary pressures and stagnant economic growth, the richest family in America (at the time), the Hunt family of Texas, tried to corner the market on precious metals.
It’s the commodity with which non-commodity investors are most familiar. It’s probably the most “emotionally” driven commodity where core supply demand factors matter little. And no matter what price it’s at, somebody always loves it.