Breaking Into Futures Curt Wagaman PFGBEST’s Futures Training Division

Futures Misconceptions and Truths Hedgers and Speculators Exchanges Leverage Market Analysis and Strategy Formulation Testing and Implementation Systematic Process

What futures are NOT – Gambling – Get Rich Quick Scheme – Riskless – Rigged

What futures ARE – Vehicles to Transfer Risk Discover Price Speculate Diversify

Hedgers and Speculators – Hedgers Transfer Risk – Speculators Make Profit

Exchanges – Where Market Participants Come Together Major Benefits – Standardized Contracts – Flexibility – Liquid Markets

Leverage – Leverage Double Edged Sword – Margin Initial Maintenance Other

Analysis and Strategy – Market Analysis Technical – Charts Fundamental – Supply and Demand – Strategy Formulation Trading Plan

Testing and Implementation – Testing Simulated Trade Journal – Implementation The Process Discipline

Wrap Up Summary Learn the Basics Analyze Markets Develop Strategy Test Strategy Review Trade Journal Make Changes The Process