Some TradeOnAuto clients are experienced traders, and they quickly see how the software can serve their purposes.
Other clients, or prospective clients, are new to futures trading. This blog is to help them.
Our clients are usually well resourced. They’ve heard about the great gains you can make trading futures, but they have also heard that it’s risky.
Sensibly, they don’t want to commit substantial resources to a venture they don’t fully understand. They want to dip their toe in the water with a small trading account to see how this game works.
The good news is that TradeOnAuto makes it painless. You spend a few moments starting the program, and then get on with your normal occupation. You learn by reviewing trades taken by the software at your leisure.
This blog features daily live trades taken by TradeOnAuto in the wheat market.
The account is going to start with just A$5,000 capital, which is a bare minimum for futures trading. We’ll let profits ride so that we can take advantage of the compounding effect.
We have chosen a "dull" strategy setting. Big wins are foregone in favour of consistent small gains.
Often TradeOnAuto will decide to pass and won’t even trade. That’s OK! The first rule with a small account is survival. We aren’t looking for excitement, we’re trying to turn our small account into a big one. Mind you, most people find even conservative futures trading pretty exciting.
Enjoy!