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Lee Gettess Focuses on Controlling Risk
Trader Lee Gettess focuses on risk control as a major factor in determining his success in the commodity markets. However, it wasn't always that way. Gettess received his introduction to the commodity futures markets via a telephone call from a broker.
What is Paper Trading?
Over the years I have trained many traders and I always advise that they spend at least three months paper trading before they go live with real money. Now even though I advise this I have never had a student actually do it. They all give up on paper trading after a few weeks and go live.
What Are Commonly Traded Securities
Stocks -- When you buy stocks you essentially own a little share of the company you just bought. The more shares you buy the more of the company you own. When the company whose shares you have bought makes a profit you will receive that profit in the form of dividends.
What is Futures
Futures are normally traded in contracts and are a legally binding agreement between a buyer and a seller. The seller must deliver the specific agreed upon asset at a future date but for the price agreed today.
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