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Here are world futures markets ranked by liquidity from most liquid (#1 = Bund futures on Eurex) to least liquid (#74 = Fluid Milk on CME). Right click and choose Save As... because the image file is too tall to render well inside a browser window. Instead, put it on your hard disk and...

Here are some rules that give 70% winning trades. For each of the stocks in your Watch List, do the following steps:If ADX > 20, buy tomorrow at market on the open Immediately after your buy order is filled, place a Limit order to sell at 0.05 above your buy price. This is a "profit target...

If you left NYC and moved to a low cost-of-living, zero income tax state (New Hampshire, Nevada, Texas, Florida), you could focus on trading your personal account upwards AND start building a track record. When you've grown your account to $500K you can open a CTA and trade just your own money...

On this question the only opinion that matters is yours. If you like it, do it. If you don't, don't. You can ask yourself the question: is the long-only system good enough that I would be comfortable trading it all by itself, standalone? You could also consider whether the short-only...

Wouldn't you think somebody would invent a derivative product that allows people to hedge their currency risk? And wouldn't you think that businesses who face a lot of currency risk would be eager to trade this derivative product (hedging their exposure)? A forward contract or an option whose...

The highest trading volume futures markets areBund eMINI S&P BOBL EuroSTOXX Schatz Dax Euro Currency futures EURIBOR Crude Oil FTSE-100

With commodity futures, I find that the long trades perform much better than the short trades. However I also find that when you take all trades (long and short), the result is better still. Here is a representative example of this kind of behavior. Notice that run #3, which takes all trades...

Medicine. THEN Wall Street. You will find there is a career diode (a word worth looking up) which dictates a doctor can become an investor / speculator / plunger, but not vice versa. Therefore do them in the only practicable order.

I hold the belief that taking an outright position is tantamount to making a prediction. When I go long 5 contracts of Feeder Cattle, I am predicting that prices will rise. Or, if you like, I'm betting that the mathematical expectation of establishing a Long position is sufficiently greater...

"Smith Barney makes money the old fashioned way: they EARN it." -- TV commercial starring actor John Houseman -Horribilicus (a technical, non-discretionary, mechanical systems trader who places his own orders manually)

Google search for TR (see image file) gave the appropriate answer in the first displayed link (the first "hit"). Google search for WL gave the appropriate answer in the first hit. Google search for TBB gave the appropriate answer in the fourth hit. Google search for software AND "the Einstein...

Most economic pontificators prefer to invoke the name of Adam Smith.

For futures trading, a good first start is V & B http://www.amazon.com/gp/product/0471527564/ http://www.amazon.com/gp/product/0471522155/ Quickly you'll discover that what you really need is simulation software that lets you tinker with all aspects of your portfolio management rules and...

It might be better to express YTD profits in percentage terms rather than absolute dollars. A guy with $2M in a 4% money market account has made more than $25K from start of year to current date, yet you wouldn't call him a great trader. (He might be a Mutual Fund Market Timer whose system has...

Some people think "how the commodity markets work" is such a complicated topic that they have written entire books to answer the question. Possibly you might benefit from reading or skimming one or more of them. http://www.amazon.com/gp/product/0471732923/...

The ultra-pragmatist wing of the church of mechanical trading systems often uses a rough rule of thumb as follows:Make sure your simulation tests produce AT LEAST 200 trades per parameter in your system's rules.Don't trust a 3-parameter system unless you've got >600 trades of backtesting...

I prefer 3 or 4 adjustable parameters for the entry+exit portion, and another 1 adjustable parameter for the position sizing portion, in the mechanical systems I trade. However, there is an interesting philosophical disagreement about "how should you count parameters?" Let's say your...

traderdragon is correct. The simplest procedure is Simulate system with risk=0.2%. Write down the max drawdown. Simulate system with risk=0.4%. Write down the max drawdown. Simulate system with risk=0.6%. Write down the max drawdown. Simulate system with risk=0.8%. Write down the max...

I trade futures using a mechanical, pure-TA approach. One of my most profitable systems only uses two technical analysis functionsTrue Range (as defined by J. Welles Wilder) Exponentially smoothed moving averageHowever I deploy them and combine them in slightly offbeat ways, including...

Buy-and-hold has seen drawdowns of 30% to 65% in the most recent ten years. It's actually rather fun to grab the data off Yahoo Finance for the Dow, the S&P 500, the Nasdaq 100, the Russell 2000, toss them into a spreadsheet, and calculate the drawdowns. (If you prefer, you can use Total...