Download Winning in the Futures Markets by George Angell PDF and Boost Your Trading Skills
Winning in the Futures Markets by George Angell PDF: A Comprehensive Guide for Traders
If you are interested in learning how to trade futures successfully, you might want to check out Winning in the Futures Markets by George Angell. This book is a classic in the field of futures trading, written by a veteran trader and educator who shares his insights and experience on how to profit from the markets. In this article, we will give you an overview of what the book is about, what are futures markets and how they work, what are the benefits and risks of trading futures, what are the key concepts and strategies for winning in the futures markets, and how to use George Angell's book as a reference and a learning tool. By the end of this article, you will have a better understanding of the topic and hopefully be inspired to read the book yourself.
winninginthefuturesmarketsbygeorgeangellpdf
What are futures markets and how do they work?
Futures markets are places where buyers and sellers can trade contracts that specify the price and quantity of an underlying asset or commodity that will be delivered or settled at a future date. For example, you can trade futures contracts on wheat, gold, oil, currencies, stocks, bonds, etc. The price of a futures contract reflects the market's expectation of what the value of the underlying asset or commodity will be at the expiration date of the contract. Futures markets are also known as derivatives markets because they derive their value from something else.
Futures markets serve two main functions: hedging and speculation. Hedging is when traders use futures contracts to protect themselves from adverse price movements in the underlying asset or commodity. For example, a farmer who grows wheat can sell wheat futures contracts to lock in a price for his crop and avoid losing money if the price of wheat falls by the time he harvests it. Speculation is when traders use futures contracts to bet on the direction of price movements in the underlying asset or commodity. For example, a trader who expects the price of oil to rise can buy oil futures contracts and make money if his prediction is correct.
What are the benefits and risks of trading futures?
Trading futures can offer several benefits for traders who want to diversify their portfolio, leverage their capital, and take advantage of market opportunities. Some of these benefits are:
Liquidity: Futures markets are usually very liquid, meaning that there are many buyers and sellers willing to trade at any given time. This makes it easy for traders to enter and exit positions quickly and at competitive prices.
Leverage: Futures markets allow traders to control a large amount of an underlying asset or commodity with a relatively small amount of money. This is because futures contracts require only a fraction of the contract value as margin or collateral. For example, if you want to buy one contract of gold futures that represents 100 ounces of gold worth $1800 per ounce, you only need to put up about $10,000 as margin instead of paying $180,000 upfront. This means that you can magnify your profits (or losses) by using leverage.
Diversification: Futures markets offer a wide range of products that cover different sectors, industries, regions, and asset classes. This allows traders to diversify their portfolio and reduce their exposure to specific risks. For example, if you are bullish on the US economy, you can buy futures contracts on the S&P 500 index, the US dollar, and US Treasury bonds. If you are bearish on the global economy, you can sell futures contracts on crude oil, copper, and emerging market currencies.
However, trading futures also involves significant risks that traders need to be aware of and manage carefully. Some of these risks are:
Volatility: Futures markets are often very volatile, meaning that the prices of futures contracts can change rapidly and unpredictably. This can lead to large swings in profits and losses for traders who are not prepared for such movements. For example, if you buy one contract of gold futures at $1800 per ounce and the price drops to $1700 per ounce, you will lose $10,000 in one day.
Leverage: Futures markets can also amplify your losses as well as your profits. This is because leverage increases your exposure to price movements in the underlying asset or commodity. For example, if you buy one contract of gold futures with $10,000 as margin and the price drops by 10%, you will lose $18,000, which is more than your initial investment. Moreover, if the price moves against you and your margin falls below a certain level, you will receive a margin call from your broker, who will ask you to deposit more money or close your position. If you fail to do so, your broker can liquidate your position at a loss without your consent.
Complexity: Futures markets can also be complex and challenging to understand and navigate. This is because futures contracts have different specifications, such as contract size, expiration date, delivery method, settlement price, etc. Traders need to be familiar with these details and how they affect the value and performance of their positions. For example, if you buy one contract of wheat futures that expires in March and the price of wheat rises in February, you might not be able to profit from it because you have to either deliver or accept delivery of 5,000 bushels of wheat in March or roll over your position to a later contract month at a different price.
What are the key concepts and strategies for winning in the futures markets?
To succeed in trading futures, traders need to master some key concepts and strategies that can help them analyze the markets, identify opportunities, manage risks, and execute trades effectively. Some of these concepts and strategies are:
Trend analysis: Trend analysis is the process of identifying and following the direction and strength of price movements in the futures markets. Traders can use various tools and techniques to determine whether the market is in an uptrend (rising prices), a downtrend (falling prices), or a sideways trend (flat prices). Some of these tools and techniques include trend lines, moving averages, chart patterns, indicators, etc. Trend analysis can help traders align their trades with the prevailing market direction and avoid trading against the trend.
Technical analysis: Technical analysis is the study of past price action and market behavior to predict future price movements and trends in the futures markets. Traders can use various methods and systems to analyze historical data and patterns on charts and graphs to identify support and resistance levels, breakouts and breakdowns, reversals and continuations, etc. Technical analysis can help traders find entry and exit points, set stop-losses and profit targets, and confirm or invalidate their trading signals.
Fundamental analysis: Fundamental analysis is the evaluation of the underlying factors that affect the supply and demand of an asset or commodity in the futures markets. Traders can use various sources and indicators to assess the economic, political, social, environmental, etc. conditions that influence the value and performance of an asset or commodity. Some of these sources and indicators include news reports, economic data releases, government policies, weather forecasts, crop reports, etc. Fundamental analysis can help traders anticipate major market events and trends that can create trading opportunities or risks.
Risk management: Risk management is the practice of controlling and minimizing the potential losses that can result from trading futures. Traders can use various techniques and tools to measure and limit their exposure to market volatility, leverage, margin calls, etc. Some of these techniques and tools include position sizing, diversification, hedging, stop-loss orders
How to use George Angell's book as a reference and a learning tool?
One of the best ways to improve your skills and knowledge in trading futures is to learn from the experts who have been there and done that. George Angell is one of those experts who has written a comprehensive and practical guide for traders who want to win in the futures markets. His book, Winning in the Futures Markets, covers everything you need to know and do to become a successful futures trader, from the basics of futures markets and contracts, to the advanced techniques and strategies of trend analysis, technical analysis, fundamental analysis, risk management, etc.
The book is divided into four parts: Part One explains what you need to know about futures markets and contracts, such as their history, structure, function, terminology, etc. Part Two describes what you must do to win in the futures markets, such as developing a trading plan, choosing a broker, opening an account, placing orders, etc. Part Three discusses the various types of futures trading, such as spread trading, hedging, chart trading techniques, contrary opinion trading, etc. Part Four provides some additional tips and resources for traders, such as how to use Gann techniques, how to deal with emotions and stress, how to keep a trading journal, etc.
The book is written in a clear and concise style that is easy to understand and follow. It is also filled with examples, charts, tables, diagrams, and exercises that illustrate and reinforce the concepts and strategies presented. The book is suitable for both beginners and experienced traders who want to learn more about futures trading and improve their results.
Conclusion
In conclusion, Winning in the Futures Markets by George Angell is a must-read book for anyone who wants to trade futures successfully. It covers all the essential aspects of futures trading, from the fundamentals to the advanced techniques and strategies. It also offers valuable insights and advice from a veteran trader and educator who knows what it takes to win in the futures markets. By reading this book and applying its principles and methods, you will be able to enhance your skills and knowledge in trading futures and achieve your trading goals.
If you are interested in getting a copy of this book in PDF format, you can download it from this link. Alternatively, you can buy a hardcover or paperback version from Amazon or other online bookstores.
FAQs
Here are some frequently asked questions about Winning in the Futures Markets by George Angell and their answers:
Who is George Angell?
George Angell is a professional trader, educator, author, and speaker who has been involved in the futures markets for over 40 years. He has traded various commodities and financial instruments, such as grains, metals, currencies, bonds, etc. He has also taught thousands of students how to trade futures through his seminars, courses, books, newsletters, etc. He is the author of several books on futures trading, such as Sniper Trading, The Complete Day Trader, The Inner Game of Trading, etc.
What is the main message of the book?
The main message of the book is that anyone can learn how to trade futures successfully if they follow some basic rules and principles that have been proven to work by George Angell and other successful traders. These rules and principles include understanding how futures markets and contracts work; developing a trading plan that suits your personality, goals, and risk tolerance; using various tools and techniques to analyze the market trends and signals; managing your risks and emotions; and constantly learning and improving your skills.
What are some of the key features of the book?
Some of the key features of the book are:
It covers both the theory and practice of futures trading in a comprehensive and systematic way.
It provides clear and concise explanations of complex concepts and terms.
It uses real-life examples, charts, tables
FAQs
Here are some frequently asked questions about Winning in the Futures Markets by George Angell and their answers:
Who is George Angell?
George Angell is a professional trader, educator, author, and speaker who has been involved in the futures markets for over 40 years. He has traded various commodities and financial instruments, such as grains, metals, currencies, bonds, etc. He has also taught thousands of students how to trade futures through his seminars, courses, books, newsletters, etc. He is the author of several books on futures trading, such as Sniper Trading, The Complete Day Trader, The Inner Game of Trading, etc.
What is the main message of the book?
The main message of the book is that anyone can learn how to trade futures successfully if they follow some basic rules and principles that have been proven to work by George Angell and other successful traders. These rules and principles include understanding how futures markets and contracts work; developing a trading plan that suits your personality, goals, and risk tolerance; using various tools and techniques to analyze the market trends and signals; managing your risks and emotions; and constantly learning and improving your skills.
What are some of the key features of the book?
Some of the key features of the book are:
It covers both the theory and practice of futures trading in a comprehensive and systematic way.
It provides clear and concise explanations of complex concepts and terms.
It uses real-life examples, charts, tables
, diagrams, and exercises to illustrate and reinforce the concepts and strategies presented.
It offers valuable insights and advice from a veteran trader who has been in the trenches for decades.
It is suitable for both beginners and experienced traders who want to learn more about futures trading and improve their results.
How can I get a copy of the book?
You can get a copy of the book in PDF format by downloading it from this link. Alternatively, you can buy a hardcover or paperback version from Amazon or other online bookstores.
What are some other books that are similar to this one?
Some other books that are similar to this one are:
The New Trading for a Living: Psychology, Discipline, Trading Tools and Systems, Risk Control, Trade Management by Alexander Elder
Technical Analysis of the Financial Markets: A Comprehensive Guide to Trading Methods and Applications by John J. Murphy
The Complete Guide to Futures Trading: What You Need to Know About the Risks and Rewards by Refco Private Client Group
A Trader's First Book on Commodities: Everything You Need to Know About Futures and Options Trading Before Placing a Trade by Carley Garner
Futures Made Simple: A Beginner's Guide to Futures Trading for Success by Kel Butcher
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