The following is a short extract from the course "How To Trade The Futures Market", please click here Trade Futures Course for full details on how to obtain the full text, futures trading simulator along with sample data and bonus trading ebooks package.

Find: Broker trading order phone futures pit floor through revolution days.

Looking back at my first year's losing streak, if I had restricted my losing days to - 500 my loss of 61,620 would have turned into a profit of 83,525. Not only that, I think that had I been sticking to a loss limit during that period, my confidence would have been that much greater and my percentage of profitable days would also have been higher. 7 Section I: Futures Trading Chapter1: Introduction The trading revolution We live in very exciting times, the futures industry is going through a revolution, a revolution brought about by advances in technology. How it used to be When I started trading, all futures market orders were executed in a trading pit on the floor of the exchange building. I started out trading the FTSE100 futures market through a discount broker. When I wanted to enter a trade I would call my broker, who was sitting in his office somewhere in the City, he would check my account to make sure I had enough funds, and then phone my order to a phone broker on the floor of LIFFE. The phone broker would write down my order and then phone it through to another phone broker who was situated within shouting distance of the FTSE pit. This broker would write down my order and signal it to his pit broker who would actually execute the order in the pit. As you can imagine, this could take some time, especially when there was a lot of activity. There were multiple potential bottlenecks in this approach and I would often find that my actual fill was some way off the price that was available when I originally entered the order. The trading floor

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How To Trade The Futures Market

For full details about this detailed course, which includes a futures trading simulator software package complete with some sample trading data, and free trading ebook package please click here Futures Trading Course

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