5 Tips for Beginner Futures Traders in the UK
Experience and talent mean nothing if you don’t have a solid strategy in place.
With that in mind, here are the top 5 tips for beginner futures traders in the UK looking to get their feet wet:
One of the most important things to factor in when developing your strategy is what kind of market analysis tools you will be using.
Technical indicators like moving averages, momentum oscillators and candlesticks can be crucial for trading success, no matter which type of trading you pursue.
For example, regarding futures traders, the moving average convergence divergence (MACD) indicator has been proven time and again as an effective and reliable technical tool that is best used with crossover strategies.
The good news for beginners is that free online trading courses are abundant, so take advantage of this free education to learn all you can.
Trading the News
As with any investment, there is no way around it; at some point, the news will affect the market’s direction.
Traders should always be on top of their latest news stories as futures traders because not only will they have the edge over other traders, but they’ll also be able to better prepare for upcoming trends.
To ensure that your trades are profitable, being aware of all significant economic events that could impact a particular asset class is crucial if planning on making a long run out of trading.
The first step to trading the news is identifying what makes a sound or short … READ MORE ...