Given that many new futures accounts end up busting out, starting out in trading can be a scary concept. However, because many of the same mistakes are to blame, knowing what not to do in trading is a major part of the battle. Here are 10 mistakes to avoid.rnResearch is always the first step in trading. You need to understand the futures contract you're trading - tick size, how it is quoted and its normal daily range. Learn and factor into your trading schedule important economic release dates that will affect the market. Exchange Web sites offer education centers with product guides and free webinars. National Futures Association (NFA) offers free one-hour online courses on trading and guides on how to compute the cost of trading futures.
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