Trading in futures

I attended a talk last Saturday on futures trading. All this while I wondered what is futures trading and is it related to commodity trading. It was a very fruitful talk as I learned a lot about the mechanics of futures tradings and it's really not that hard as many people had mentioned to me (commodity - yes, because of its high volatility in price). The presenter also reminded us the golden rule when trading in equities - that you have to be discipline, knowledgeable, prepared and respect for the risks. If we can't handle them, then better not try our hand in this market.

We were talking casually during the break when a lady participant commented that with these many people attending the talk, why then there are not many people who made it in this ventures. I told her that in any program, only a small percentage of people who really go out and do exactly what they have learned and out of this small percentage, only a fraction will be successfull. The difficult part is to maintain the discipline to follow this new "regime" to be in the game.

So, it really boils down to our mental ability and how much we really want to implement change in our lives. Change is what we all have to face and the faster we can adapt to change, the better our lives will and can be.

So, true enough, after the talk session, only about 20% of the participants signed up and I bet only a handful of them will actively trade in this market.

There will be another session - the follow up session - next week. I wonder how many would turn up....