How to Get Started Trading Futures
For those new to futures trading, we provided a brief guide to help get started.
Gain Knowledge
One thing that most traders and investors agree on is that knowledge is power. It’s also a necessity in regard to understanding the basic principles of futures trading, building reasonable expectations and accepting risk involved. Knowledge gives you comfort and confidence with however you’re approaching the markets. Learn more about futures trading as relevant to your chosen means of participating in the markets.
We encourage you to visit our website’s educational section, which contains useful educational information for those new to futures trading. The best resource available to you at ECG Futures is the knowledge and the experience of our licensed professionals. We’ll help you develop your personal plan on how to gain knowledge and prepare for future trading. Contact us to schedule a personal consultation.
Accept Risk/Reward
Understand the concept of risk and reward that define futures trading as relevant to your chosen way of participating in the markets. Learn about how leverage and volatility can affect your investment, including account capitalization. Accept the concept of risk/reward, balance your expectations and manage both concepts throughout your futures trading experience.
Select Your Trading Method
If you decide to participate in futures trading, you have to make commitments in two specific areas – capital and time. You can make your own trading decisions choosing a Self-Directed account or employ a more hands-off approach by using our Managed Futures and Systems Trading services. Your choice can be based on such factors as risk capital availability, time commitment and your preferred trading style. If you chose to be directly involved with decision-making process in trading your account, we suggest you follow these steps to get started:
• Pick the right contract
• Develop your trading strategy
• Build your trading plan
• Begin with simulated trading
• Determine the right size of your trading account
• Set definite risk parameters
• Stick to your trading plan
• Know your position
• Diversify
Gain Knowledge
One thing that most traders and investors agree on is that knowledge is power. It’s also a necessity in regard to understanding the basic principles of futures trading, building reasonable expectations and accepting risk involved. Knowledge gives you comfort and confidence with however you’re approaching the markets. Learn more about futures trading as relevant to your chosen means of participating in the markets.
We encourage you to visit our website’s educational section, which contains useful educational information for those new to futures trading. The best resource available to you at ECG Futures is the knowledge and the experience of our licensed professionals. We’ll help you develop your personal plan on how to gain knowledge and prepare for future trading. Contact us to schedule a personal consultation.
Accept Risk/Reward
Understand the concept of risk and reward that define futures trading as relevant to your chosen way of participating in the markets. Learn about how leverage and volatility can affect your investment, including account capitalization. Accept the concept of risk/reward, balance your expectations and manage both concepts throughout your futures trading experience.
Select Your Trading Method
If you decide to participate in futures trading, you have to make commitments in two specific areas – capital and time. You can make your own trading decisions choosing a Self-Directed account or employ a more hands-off approach by using our Managed Futures and Systems Trading services. Your choice can be based on such factors as risk capital availability, time commitment and your preferred trading style. If you chose to be directly involved with decision-making process in trading your account, we suggest you follow these steps to get started:
• Pick the right contract
• Develop your trading strategy
• Build your trading plan
• Begin with simulated trading
• Determine the right size of your trading account
• Set definite risk parameters
• Stick to your trading plan
• Know your position
• Diversify
ECG Futures is a registered ‘dba’ of Essence Capital Group, Inc
Registered Independent Introducing Broker | Registered CFTC | NFA Member | Since 2007
Past performance is not necessarily indicative of future results. Trading commodity futures and options involves substantial risk of loss and is not suitable for all investors.
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