"Winning the Trading Game" will teach aspiring traders the mental discipline and practical skills used by experienced and professional traders. It explains how to master the three essential skills of trading: money management, technical analysis, and risk control. The goal is to supplant the gambler's mentality of just "picking" the right trade to a set of systems that will guide the trader through both winning and losing trades. Once the average investor is equipped with this new skill set, he or she is able to take control of futures and forex investing the same way the professionals have always done.
Preface.Acknowledgments.Part One. More Life At The End Of Your Money.Chapter 1. The Need To Build Wealth.Retiring Early.Negative Savings Rate.Social Security.Conclusion.Chapter 2. Money-Making Megatrends.Industrialization.Emerging Markets.China.India.Brazil.Russia.Mexico.Other Emerging Market Countries.Resources Under Fire.Food.Water.Energy.Ethanol The Gasoline Alternative.Futures, Forex, Or Stocks?Chapter 3. What Type Of Investor Are You?Yale Study.What Are The Returns To Investing In Commodity Futures And How Do These Returns Compare To Investing In Stocks And Bonds?Are Commodity Futures Riskier Than Stocks?Can Commodity Futures Provide Diversification To Other Asset Classes?Pros And Cons.Types Of Investors.Type A Investor.Type B Investor.Fatal Market Conditions.Gold And Silver Cornering.Interest Rate Backfire.Asian Flu.Where You Fit In.Part Two. Why 95% Of Investors Fail At Futures And Forex.Chapter 4. The World Of Futures And Forex.Futures And Options.Hedgers And Speculators.Futures Exchanges.What Markets Are Traded?Foreign Exchange (Forex)What Is The Spot Market?Importers And Exporters.OTC Forex Contracts.How Is The Spot Price Calculated?The OTC Participants.Components Of OTC Contracts.Types Of Positions And Orders.Positions.Types Of Orders.Options.Option Rights Vs. Obligations.Premiums.Time.Types Of Options.Conclusion.Chapter 5. The Fallacy Of Traditional Stock Investment Beliefs.Futures And Forex Investing Is Not New.What You Don't Know Can Hurt You.Explaining The Strategies.Buy And Hold.Dollar Cost Averaging.Value Investing.Portfolio Diversification.Margin.Don't Short The Market!Fear Leverage!Good Use Of Leverage.Neutral Use Of Leverage.Bad Use Of Leverage.Myth Busting.Chapter 6. How To Be Among The Five Percent Who Win At Trading.The Reality.Trading With Emotions.In The Beginning: Happiness.Next Comes: Greed.Followed Up By: Fear.Which Leads To: Sorrow.Next You Have: Frustration.Finally: Defeat.What The Other 5% Are Doing.Selecting Trades Properly.Entering Trades Properly.Monitoring The Trade.Exiting The Trade.Battling The Demons Of Fear And Greed.Holding Losing Trades.Chasing Markets.Overleveraging You Account.So What It Does It Take To Be A 5% Trader?Chapter 7. Becoming A Speculator.Speculation Versus Gambling.Let's Define Gambling Addiction.Could Trading Represent A Form Of "Gambling Addiction" For You?10 Symptoms Of Gambling Addiction.Seeking Assistance.The Role Of A Speculator.Are You A Sucker Or A Speculator?The Three Keys To Success.Money Management.Technical Analysis.Risk Management.Using The Keys To Map Out Your Journey.The Trading Plan.The Trade Worksheet.The Trade Journal.Pulling It All Together.Part Three. Seven Lessons For Trading Success.Chapter 8. Lesson 1: Developing A Trading Plan.Myths Of Trading.What Markets Should You Trade?1. Get A Margin Sheet Of All Of The Tradable Markets.2. Understand Initial Margin And Maintenance Margin.3. Figure Out Which Markets Have Margins Less Than Your Account.4. Learn Minimum Tick Or Point Values Of Those Markets.5. Find Out "Average True Range" To Choose Acceptable Volatility.6. Organize "Short-Listed" Markets From Least To Most Volatile.7. Check The "Open Interest" For Each Market To Find The Most Liquid.What You Have Accomplished.Chapter 9. Lesson 2: Preparing To Speculate.Your Money, Your Emotions.Defining Fear.Overcoming Fear.Defining Greed.Overcoming Greed.Setting Trading Goals For Yourself.Why Am I Investing In Futures/Forex?What Percentage Return Am I Looking For?When Will I Know If I Have Succeeded?Money Management Rules.Your Capital.Your Account.Your Trades.Conclusion.Chapter 10. Lesson 3: Choosing Your Technical Indicators.Fundamental Vs. Technical Analysis.Why Technical Analysis Works.Technical Analysis Strengths And Weaknesses.Strengths.Weaknesses.Questions For Technical Indicators.Where Is The Market Going?How Fast Is It Getting There?When Has It Arrived?Liverpool Trader Checklist.Black Box And Systems Trading.
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