Jack of all trades, Master of none
A recurring question that has been asked by prospective traders wishing to join the Trading Floor Training programme during a flurry of interviews this week has been “which markets will I trade?” A sensible question for the eager, novice trader to pose and one which is asked with an expectation that the answer will be “a suite of products across a range of asset classes.” “Surely that is the glamorous world of financial markets that I will now inhabit as a Professional Trader” is the thought process of the interviewee! Futex traders and investors access multiple futures markets on a variety of global exchanges in addition to options and various cash markets. In fact, one of our business’ key strengths is the speed and ease with which our team of professional market participants can take advantage of opportunities in any product of any asset class. However, the ability to negotiate effectively a suite of products simultaneously is one which is honed over time; a difficult skill that requires tuition, experience and dedicated practice.
The risk of spreading yourself too thinly as a new trader is very high and the chance of generating consistent, controlled returns over the medium to long term is very small; as a trading approach it is certainly not conducive to generating a regular income – the key objective for our new market participants. Our tried and tested approach is to educate, coach and mentor our trainees in such a way that they develop a deep understanding of the characteristics of one product. Within that one product they are then helped to identify a series of high probability, repeated patterns of price behaviour that can be aggressively traded, with confidence, to generate consistent returns. To this solid foundation of understanding novice traders can add new patterns, techniques and skills with a view to becoming a Master of one market. Combined with their comprehensive appreciation of the technical and fundamental outlook for a broad range of global markets, as developed during the Trading Floor Training programme, they are strongly positioned to develop an enduring and successful career.
Futex Investment & Trading Academy
“The Ultimate Futures Trading Education”
Tags: futex, futures, learn to trade
