Some tips for you to become profitable in future trading.
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1. Develop and maintain a planThe most important aspect to consider before establishing your position is to consider your trades before you make them.
2. Keep your focus narrow
Trading in futures can be challenging work and involves taking a lot of time to analyse news reports, charts and market commentary.
3. Maintain an even rate of trading
When you first begin trading in futures, consider starting small with a single or even a handful of contracts, then build your portfolio from there.
4. Consider both long and short trading
Trading futures typically means buying (going long) or selling (shorting) the market. When trading in futures, considering both long and short trades can give you more opportunities than considering just one.
5. Don't forget your goals
It's easy to become too engaged with trading, and with all the research and energy that goes into it, it’s just as easy to forget about your overall trading goals.
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