Your Questions About Paper Trading Futures

Sandra asks…

Who are the major trading partner of Colombia 2012?

need the top 10 countries and the value of the trade (total export+import)
if you don’t mind please provide the website..
Big Thanks, for economic project

John answers:

United States receives 36% of Colombian exports.

The European Union receives 15% of Colombian exports; the Andean Community of Nations receive 6%, while China receives 5% and Venezuela receives 5% of Colombian exports.

Although South Korea in the near future will be one of the largest trading partners of Colombia.

Http://www.dinero.com/actualidad/nacion/articulo/quien-compra-colombia/174638

The countries that invest most in Colombia are

United States = US$1,467 million
Panama = US$1,118 million
Switzerland = US$1,034 million
England = US$774 million
Anguilla = US$551 million
Cayman Islands = US$406 million
The Netherlands = US$400 million
Chile = US$353 million
Mexico = US$344 million

Although Spain has also started to invest heavily in Colombia

http://www.dinero.com/actualidad/economia/articulo/paises-mas-invierten-colombia/189439

Although its main export product is the petroleum and natural gas, Colombia is rich in natural resources, and its main exports include petroleum, coal, gold, precious stones, nickel, forest products, pulp and paper, coffee, sugarcane, cereals and vegetable oils, cotton, rice, soy beans, oilseed, tropical treetops, tobacco, fruit and other agricultural products, food processing, processed fish products, beverages, machinery, electronics, military products, aircraft, ships, motor vehicles, metal products, ferro-alloys, boilers, home and office material, chemicals and health related products, petrochemicals, inorganic salts and acids, agrochemicals, perfumery and cosmetics, medicaments, plastics, animal fibers, textile and fabrics, clothing and footwear, leather, construction equipment and materials, cement, software, among others.

Http://web.archive.org/web/20090305064033/http://www.intracen.org/tradstat/sitc3-3d/er170.htm

Colombia is also known as the world’s leading source of emeralds, while over 70% of cut flowers imported by the United States are Colombian.

Http://web.archive.org/web/20080821232509/http://www.gemstone.org/gem-by-gem/english/emerald.html

http://web.archive.org/web/20090327111935/http://www.florverde.org/pdf/florverde_economic_impact.pdf

Jenny asks…

Wouldn’t this be a good trade for the Celtics?

Rajon Rondo and Avery Bradley go to the Raptors for Andrea Bargnani and Jerryd Bayless. I did it on NBA Trade Machine and it works, I just didn’t feel like posting the link because I’ve seen that it doesn’t work sometimes. The analysis said it would increase the Celtics projected wins by 1 and the Raptors would stay the same. I think Bargnani would be a great fit with the Celtics as the short term C and long term PF…he’s one of the better scorers in the league and the Raptors don’t seem to like him. Bayless is at least as good as Rondo and can shoot a lot better. I’m a Celtics fan and obviously if the Raptors if they took the trade their starting lineup would have almost no shooters. Rondo, Derozan, Ed Davis and possibly James Johnson would probably be one of the worst lineups in the league in terms of shooting. But what do you think?

John answers:

IMO, trades done in Paper don’t mean a thing. Unless the people involved perform, then you have no way of saying that the trade will be good or bad (see how the Chandler trade which was supposed to be a left-over contract turned out to be the championship formula for dallas last year).

And BTW, you can’t give away Rondo! Rondo is the glue that holds the Celtics together. See how the Celtics won when he was playing great basketball. If he wasn’t injured by Wade in the East Finals last year, they would have made a great run for the win.

But if you are looking for a trade that would see Rondo go, I would give Rondo + Garnett to get Dwight Howard + maybe… Gilbert Arenas? That would put the Celtics on the right spot to build around Howard for the future

Paul asks…

Am I ready to start trading futures with a live account?

Ok, so, I’ve been studying trading on and off for about four years. My first attempt at trading with a live account resulted in a blow-out. It was very difficult to deal with, but I only had a $1500 margin. My second trading experience endured for about two months. I managed to defend a $2000 margin for two months until I lost $1000 and stopped trading. That was about a year and a half ago. I’ve now simulated for over two weeks with a $20,000 margin. I’m up in the simulator by about $1500. I have a good money management plan. I risk no more than 1% of my margin on any given trade. I’ve cut my losses and ridden my gains with good stop-losses and good trailing stops. I use price indicators with volume and ATR studies to enter trades. Out of the past 15 trades I’ve made, the market has moved in my direction 11 times. I’ve run the numbers. Even if I were only right 39% of the time, I would have still made 1.5% of profits to my margin. I have studied “High Probability Trading” by Marcel Link, “Trading Commodities and Financial Futures” by George Kleinman, and a half dozen other trading publications in the past four years. To any professional traders out there; how much more simulating do you think I need to do to really be ready? Am I ready now? It’s actually been a little bit scary. In contrast to my past performance, I’ve done exceptionally good in the past two weeks, and it’s been a lot easier than I ever remember. I don’t want to naively enter the market thinking my system is adequate to find that I was just fooling myself. As of right now, I feel ready.

John answers:

Ultimately, only you can answer the question about whether you’re ready, or not. I think you are certainly on the right path, but I would not allow two weeks of paper trading success to indicate the likelihood of prolonged success.

If I were you, I’d continue paper trading for a while. There’s no rush to get in with real dollars since opportunities for profitable trades are always available in the futures market. You won’t miss anything by not trading today.

Nancy asks…

Are Philippine Interest Rate Futures traded somewhere in the world (they aren’t traded in the Phlippines..)?

..as we have no futures exchange in this country.)

Also, where could one find a study regarding how the Philippine economy is affected by growth/turbulence in the United States?

John answers:

Philippine Interest Rate Futures would not be traded somewhere in the world outside that country in any offcil exchange or banking circles.
For study on the effect of the US economy on the Philippines economy, the best source is tyhe Asian Development Bank (Manila) research papers and their regular economic outlook publications. You may like to visit ADB site.
Philippine economy is not ging to be affected by growth or turbulence in the USA in any major widespread way, for the dependence of the former on the latter in terms international trade or foreign investment flows are not very high. About 20 % iof the country’s exports and alo of imports are to and from the US. With the slowdown in US, exports may be affected but exports to US are even otherwise would become costlier for the US to import because of the depreciation of the US dollar. For the same reason, imports from the US would be cheaper and there would not be much problem of importing from the US. However, the majority of the top ten BPO firms of the United States operate in the Philippines. Total jobs in the industry grew to 100,000 and total revenues are placed at $960 million for 2005. Thus aturmiol or slower growth in the US may affect this sector in Philippines.
In general however, an uS slowdown will have an adverse economic impact on the whole world. But the Philippines economy has been growing at a very high rate and therefore would be able to withstand the shock. The mining sector, agriculture and the remittances from the non-residents together with the general high grwoth in the Asian countries will keep the Phillipines economy in decent health.

Donna asks…

Setting up S&P 500 E mini Futures trading account?

Hello everyone
I am going to practice paper trading S & P 500 e mini futures.
My question has 4 parts:
1) what steps should I take and in which order to set up an account?
2) how many different type of companies or parties are involved in setting up such account?(That’d be great if you could answer this question with an example name in each field)
3) Is paper trading an included part of any account or I should ask them to add this feature for me?
4) If paper trading has to be added, which of the above companies or parties should I talk to, In order to set up the paper trading?

PS. To clarify my question I only know this much that I need to get a trading software, live feed and open an account with a broker.

Any professional comments will be definitely appreciated.
Thanks

John answers:

All of the large brokerages offer a free trading platform that includes some form of simulator or paper trading feature. All you have to do is register for their free trial. You won’t even have to fund the account for one month, 90 days, or maybe a year.

But not so fast. If you don’t have a trade plan and something specific to test, you’re just wasting your time and playing another video game, except this video game attacks you relentlessly.

There’s more to trading than installing trading software and pushing the right buttons. Until you learn good trading strategy, until you learn how to analyze risk, until you learn how to reduce risk and increase probability, until you learn good money management techniques, until you learn how to employ/deploy applicable trading tools, until you learn something about technical analysis and indicators and support and resistance, then you’re just another guessing novice doomed from the beginning, spinning the roulette wheel.

Even after you’ve done the above and still can’t make a profit consistently and decide to hire a mentor for $4,000 for the first month, heed the advice of one mentor: “Most traders we speak with have learning curves that have cost them between $15,000 and $70,000 and up to two years in time.”

There are many comparison charts for online brokers, plus look in Barron’s or other papers:

http://www.brokerswiki.com/

http://www.brokerage-review.com/

http://online-stock-trading-review.toptenreviews.com/

http://www.howthemarketworks.com./

http://simulator.investopedia.com/#axzz1fc83KRM5 (simulator, and finance terms and definitions)

http://www.fool.com/how-to-invest/index.aspx?source=ifltnvpnv0000001

http://beginnersinvest.about.com/library…

You can also type in the Search Y! Answers box at the top of this screen for “how to invest,” or “futures trading,” and get lots of answers.

Are You Ready To Trade Futures?
Http://www.investopedia.com/articles/optioninvestor/10/are-you-ready-to-trade-futures.asp

Tips For Getting Into Futures Trading
http://www.investopedia.com/articles/optioninvestor/09/get-started-with-futures.asp

The Bottom Line
Trading futures is fraught with risk. Since the vast majority of futures traders fail to make consistent profits, anyone who is considering trading futures should take a step back and ask themselves a number of questions before proceeding.

Opening an account is probably one of the last things you should consider. By the time you understand enough about trading to begin, you will also understand about “accounts.”

Be careful of what you think you “know.” One of the most important Samurai texts ever written, by Miyamoto Musashi, “The Book of the Five Rings (1643)”, offers this advice: “Think of what is right and true. Learn to see everything accurately. Become aware of what is not obvious. Be careful even in small matters. Do not do anything useless.”

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