Profit Swings - Helping you Master Swing Trading - Please Click Here !
Who am I and Why Should You Listen To Me? 
My name is Guy Edrington and I started trading over 28 years ago, My grandfather and uncles down in Mississippi who were cotton and soybean farmers and got me interested in trading. I have been a classical musician, ( French Horn Player, even played for Princess Dianna!), am a Black Belt in Yoshinkan Aikido, worked with Edward Jones, Refco Futures, been on the Board Of The Canadian Society of Technical Analysts and have completed Level 2 of the Chartered Market Technician Certification. I have been publishing a futures trading newsletter for over 11 years that 1000's of traders read ever day and I love looking at the charts, technical analysis and the markets.UNDERSTANDING FUTURES AND FOREX TRADING
Given the proliferation of online futures and forex trading websites, how do you start understanding how to trade these markets? Where do you go and who do you talk to? It might seem to be an insurmountable task but, you can do it.
Get ready by setting aside time daily for whatever means you are using to learn about futures and trading. Keep your notes, materials or trading in one place. Get organized early and stay that way. This will help make your journey and learning far easier and less time consuming.
To start with try going to your local library and asking if there are any guides or other books available. If you don't have a library card try going to the library anyway and making notes on what books you find then heading to your local book store to find those titles and take them home.
Make notes of the basics: things like futures and forex trading strategies, where and how to trade your money and the like, how to enter and exit a trade.
To take that a step further a quick search on the Internet can provide you with numerous resources to start understanding futures and forex trading. A simple search on the search engine you prefer can show you thousands of articles and other resources for learning about trading. Maybe start off by reading about the experiences of some do it yourself traders, find some financial resource websites or even, online futures and forex trading courses.
As with anything on the Internet make sure you do your research. If you do decide an online futures trading course is for you, check out the school offering the course. Ask about former students, find forums or other online communities to find out what courses are legitimate and which aren't. There is no need to waste your time or money on something that won't teach you what you need to know.
Before you begin trading make sure that you have learned at least the very basics of futures and forex trading. Whether that means you have taken a class or read some books. When you're ready to start trading try practicing by following the market and keeping track of mock trades to see how you're doing and how your progress of understanding futures and forex trading is going. Give yourself time before you start investing to completely understand how things work.
Once you've got your basics down and have spent a little time learning about the market and how to trade you're almost ready to go. What else do you need? You will need some capital before starting up. Whether this is money you have set aside specifically for trading or other monies please be sure not to trade money you can't afford to lose.
Futures and forex trading is not a guaranteed success and you can and will lose money. The secret is to make sure your profits are bigger than your losses. That is a key thing to remember when you start out. Remember that the market is a volatile thing and ever changing.
Once you have learned the basics you can then look for trading advisories that can provide you with trading signals, protective stop loss ideas and give you strategies about when to exit a trade.
Happy trading and good luck!
Guy EdringtonProfit Swings - Helping you Master Swing Trading
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Disclaimer - I am not a commodity trading advisor. The information on this site is for trading education only. There are no trading recommendations for any one individual made on this site and this information is paper trades for trading education. All trades are extemely risky and only risk capital should be used when trading.U.S. Government Required Disclaimer - Commodity Futures Trading Commission Futures and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.
CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.