are long term futures just a quick way of making money?

Answer 1

No. Futures can be a way of making money quickly. But you need to know a lot about what you're investing in, you need to be an experienced investor and you need to be able to monitor the market constently. Otherwise you will loose a lot of money very quickly.

I used to work in this area and I've seen traders lose £50K in the middle of the afternoon because they took a toilet break.

Answer 2

Hi - no such thing as a quick way of making money - the financial markets move on the back of movements of large volumes of money - these are controlled by a few individuals who basically rule the markets - if you go on some of the trading blogs - they talk about shakedowns and take outs - traders basically suppressing or hyping prices and making money off the back of peoples greed - it's really all a con - unless you are on the inside - then it's gravy.
Good luck

Answer 3

It depends on what type of business you are getting into. For instance if it's a chain of business like KFC Wendy's. Your Financial Management needs to be honest and up to par with paying your correct taxes and other business Levy's.

Creating new ways of strategies, you have to be very discipline in order to make your money and not let it over come you as well.

If it does you end up mis managing your money as well and end up in alot of dept.

Which is what we don't want. Patience is also a key factor if you fall get up dust your pants and try again.

Answer 4

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Answer 5

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i have attended a lot of seminars, read counless books on forex trading and it all cost me thousands of dollars. the worst thing was i blew up my first account. after that i opened another account and the same thing happened again. i started to wonder why i couldn,t make any money in forex trading. at first i thought i knew everything about trading. finally i found that the main problem i have was i did not have the right mental in trading. as we know that psychology has great impact on our trading result. apart from psychology issue, there is another problem that we have to address. they are money management, market analysis, and entry/exit rules. to me money management is important in trading. i opened another account and start to trade profitably after i learnt from my past mistake. i don't trade emotionally anymore.
if you are serious about trading you need to address your weakness and try to fix it. no forex guru can make you Professional trader unless you want to learn from your mistake.

Answer 6

Or loosing money.

Answer 7

yes indeed