I need to thank my buddy Mike for getting me interested in futures (or blame Mike if I lose all my money). He said he has been studying it for a few months and that he was going to begin trading soon. I looked into it and thought he was crazy. But the idea stuck in my mind and it started to grow. After a few weeks of reading websites, blogs, and other internet info, I decided it would be fun and I could make a few extra million dollars over the long term. I have no delusions that this is a get rich quick plan.
What are futures? Check out www.wikipedia.org/wiki/Futures_contracts for an explanation. If you did not read the link, Futures are leveraged investment contracts that you can trade (buy & sell). Gains/losses can occur quickly. About 95% of traders fail trading futures. I will try to give you my opinion for this as time goes on and my knowledge increases.
Futures trading is the perfect business for me. I can do it when I want (almost 24/7). I have no customers, inventory, bosses, employees, licenses, etc. Costs almost nothing, losing trades excluded.
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