2010 Trading Guide for Beginners
Commodity Futures, Options and Forex

Abstract: Although attracted by the potential to earn profit by trading, many individuals fortunately do not succumb to the illusion that trading is a quick and easy way to become a millionaire. Rather, they view trading as a possible way to generate a secondary source of income, a source over which they can exercise control and that can potentially continue even after they retire from traditional employment. The desirability of having a secondary source of income has been driven home by this recession which showed just how easy it was for an entire family to suddenly face financial disaster leading even to the loss of one’s home.

This 2010 Trading Guide for Beginners will give you a balanced overview of commodity futures, commodity options, and Forex. It is a 91-page Adobe Reader document (pdf format) that can be downloaded and read at your leisure. The Guide includes immediate links to free Learning Centers, trade videos, and educational brochures and concludes with some entertaining stories of the author's first commodity trade and his luckiest commodity trade. Table of contents include:

  • so… what have you heard?
  • what’s in it for you?
  • understanding the terminology
  • what’s the advantage?
  • trading responsibly
  • types of orders
  • selling short
  • commodity futures
  • commodity options
  • covered option sales
  • comparing price movements: options vs. futures
  • forex trading
  • forex vs currency futures
  • day trading
  • electronic trading
  • the trading plan
  • trade system development
  • managing the risk of trading
  • fundamental and technical analysis
  • psychology of trading
  • the benefit of paper trading
  • trading costs and fees
  • trading as a business
  • taxation of trading gain/loss
  • spotting investment swindles
  • additional resources
This Guide was written by Rick Thachuk, President of World Link Futures, Inc. and is being made free of charge thanks to the sponsorship of The Futures Training Division of PFGBEST. To receive this free Guide, please complete the information below.

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THE RISK OF LOSS IN TRADING COMMODITY CONTRACTS CAN BE SUBSTANTIAL. YOU SHOULD, THEREFORE, CAREFULLY CONSIDER WHETHER SUCH TRADING IS SUITABLE FOR YOU IN LIGHT OF YOUR FINANCIAL CONDITION.