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  • When I first started trading back in the 90’s all we really had were paper charts, a ruler, and a pen to update the paper charts which were almost a week old by the time I got them. Now we all have commodity online trading. We no longer have to look at outdated paper charts again. Yea!! Not only do we not have to look at paper charts we now actually have real time charts also. Back in the [...]

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    There are many new traders who want to learn to trade but don’t know which commodity futures trading course to get. Everyone knows that there are about a “gazillion” out on the market to choose from. I can tell you that in general terms, “you get what you pay for”. Free and cheap courses are often worth what you pay for them. In many cases they are used strictly as a [...]

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    Options Trading Software

    There are a lot of different options trading software platforms on the market. Some are free (you get what you pay for) and some are extremely expensive (you get less than you pay for). The software I use for trading options as well as trading futures is Gecko Software’s Track n’ Trade Live. I’ve been using their software ever since it first came out about 20 years ago. I’m not [...]

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    Defining Profit Targets

    Targets are profit-taking opportunities. When you make a trade, you must know what your profit target is before you place your order. If you don’t know what it is, how can you figure your reward/risk ratio? I’m also going to define stop loss for you also. Whether you are figuring profit targets for long-term, mid-term, short-term, or even day trades, the question always remains:  When is [...]

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    What is In The Money: The Complete Answer

    What is in The Money? In the money is a term that describes the strike price of an option that is closest to where the market is currently trading. There are three “places” the strike price of an option can be. In The Money At The Money Out of The Money Below is an example of three different strike prices on a Call option on the Swiss Franc. All of them will expire in 32 days [...]

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    If you are like most new traders, you want to know what is the best way to learn commodity trading. I know, I’ve been there too. Mine was a very expensive lesson I might add and I don’t want you repeating the same mistakes I made. I’m going to outline some steps for you and the reasons why I feel these steps are important. This comes from my heart and not from the “my wallet” side. [...]

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    Do Trading Systems Work

    April 27, 2016
    Do Trading Systems Work

    “So…. Do trading systems work?” I get this question ask quit often from my students and my answer is always the same. What do you mean by “Trading System”? If one is talking about what is called a black box system which is a closed proprietary system and you don’t know how it works then the short answer is I’ve never seen a black box system work going [...]

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    Stop Loss vs Stop Limit: Orders Explained

    Even though some people think that it’s not a lot of difference between a stop loss vs a stop limit order there really is and sometimes it can make a big difference on how much you make or lose on the trade.Every trader knows that they should use a stop loss order on every trade they make. This of course can help limit your losses in case of major moves in the markets; as an example when the[...]

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    Euro Trade Options: Strike Points covers a trade I made today that the Euro will stay between two strike points I set up. Already ahead and looking good.

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    Canadian Dollar Rise

    April 20, 2016

    Watch the Canadian Dollar rise on April 20th, 2016 and my Put and Call options placed for the next 17 days. Great chance for success here. Stay tuned.

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