Breaking Into Futures with Curt Wagaman
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Transcript of Breaking Into Futures with Curt Wagaman
Breaking Into Futures
Curt WagamanPFGBEST’s Futures Training Division
Futures
• Misconceptions and
Truths• Hedgers and Speculators• Exchanges • Leverage• Market Analysis and
Strategy Formulation
• Testing and Implementation
• Systematic Process
What futures are NOT
– Gambling– Get Rich Quick Scheme– Riskless– Rigged
What futures ARE
– Vehicles to• Transfer Risk• Discover Price• Speculate• Diversify
Hedgers and Speculators
– Hedgers • Transfer Risk
– Speculators• Make Profit
Exchanges
– Where Market Participants Come Together• Major Benefits
– Standardized Contracts– Flexibility– Liquid Markets
Leverage
– Leverage• Double Edged Sword
– Margin• Initial• Maintenance• Other
Analysis and Strategy
– Market Analysis• Technical – Charts• Fundamental – Supply and Demand
– Strategy Formulation• Trading Plan
Testing and Implementation– Testing• Simulated• Trade Journal
– Implementation• The Process • Discipline
Wrap Up
• Summary
• Learn the Basics• Analyze Markets• Develop Strategy• Test Strategy• Review Trade Journal• Make Changes
• The Process