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The Advantages of Trading Futures with Anka Metcalfe, Ep #105• 34 min
Anka Metcalfe is the Founder and CEO of TradeOutLoud.com, an international trading education and service company. She is an expert day trader, swing trader, and active investor with a precise approach to daily income-style trading and wealth-generation trading, delivering results in any market environment. In this episode of How To Trade It, Casey talks with Anka about the advantages of learning to trade the futures market. You don’t want to miss it! Subscribe to How To Trade It You’ll want to hear this episode if you are interested in… [07:15] Identifying the fundamentals [13:59] Infobesity!!![21:02] Why Futures?The Fundamentals of Trading Anka talks about the importance of understanding your trading platform, having a trading plan, managing risk, and never, ever chasing a trade. As a new trader, it’s critical to have a thorough grasp on how to use your platform - ie) how to enter and exit a trade, add a stop or trailing stop, etc. Having a trading plan, written out and well defined, is like your daily trading bible that you can reference again and again. Managing your risk is an important part of becoming a successful trader too. Infobesity This is the concept of hopping from one webinar to another, in permanent-student status because you don’t want to take any accountability for yourself, and you don’t want to apply anything that you have learned. There are literally thousands of strategies available, so you can’t possibly use them all. Anka says that it’s time to roll up your sleeves, seek a trustworthy educator that speaks to you, and resonates with your style, and then stick to that ONE strategy. The Current State of the Markets There’s a big debate right now about the state of the markets. Are they going up? Are they going down? Well, according to Anka, it all depends on what time frame you are looking at. Technically speaking, the market is in a difficult spot and will most likely continue to be choppy for the foreseeable future. Resources & People Mentioned RealtickTD AmeritradeFREE eBook - The Power of Trading Futures Connect with Anka Metcalfe Website: http://tradeoutloud.comYouTube: https://www.youtube.com/user/TradeOutLoud Twitter: https://twitter.com/TradeOutLoud Facebook: https://www.facebook.com/TradeOutLoud Subscribe to How To Trade It Disclaimer: Trading carries a high level of risk, and may not be suitable for all investors. Before deciding to invest you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment. Therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. Support the show (https://caseystubbs.com)
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