Q: What's the fastest way to make large sums of money with a minimal initial investment?
A: Futures. For example, Michael Marcus turned a $30,000 account into $80 million.
>>> How?
Excerpted from Trading Wizards Bruce Kovner Interview:
Bruce Kovner started with a $3,000 stake in the futures market which he has parlayed into a multi-billion dollar hedge fund empire called Caxton Partners.
"...Michael (Marcus)* taught me one incredibly important thing...he taught me that you could make a million dollars. He should me if you applied yourself great things could happen. It's very easy to miss the point that you really can do it. He showed me that if you take a position and use discipline, you can actually make it."
"...he also taught me one other thing that is absolutely critical: You have to be willing to make mistakes regularly; there is nothing wrong with it. he taught me about making your best judgement and being wrong, making your next best judgement and being wrong, making your third best judgement and being wrong and then doubling your money."
---Bruce Kovner
But you Don't have to take their word for it! You can Find out for yourself, without risking any real capital---Create your own paper trading portfolio today at Ptrades and find out why more money is made faster in the futures markets than any other market and find out why so many hedge funds and mutual funds use the futures markets to juice up their returns. Empower yourself, take charge of your financial future now! Try it today. All Free- All the Time. Test Strategies, manage multiple portfolios, ride the trend, jump on breakouts---gain the experience and the know how without risk. Find out what works and doesn't work so you're prepared to do it for real. These are the high leverage markets where the big money is made...and lost. Are you the next George Soros, Paul Tudor Jones? This is the first step to finding out if you have a knack for making the big money in these markets.
Trading commodities can be risky, even financially dangerous, because of high leverage. On the other hand, it can be extremely lucrative. You can double your money overnight, but you can also lose it all too. So, practice before you do it for real.
Ptrades.com is to Practice Commodity Trading, also called Paper Trading or Simulated Trading.
You can practice trading commodities here for free.
Could you make money on this? Here's COT data, showing what different kinds of positions are set in the market.
Here's what Crude Oil did today.
There are 3 main dangers to trading, and we help with each >>> Read More
Fraud or Bad Advice. The incentives in the financial industry and unclear and sometimes work against customers. Some brokers' main objective is to maximize their commissions, and will recommend whatever generates the highest commissions, selling you into whatever may be the best position that day, even if suboptimal. All authors fundamentally just want to maximize sales. At ptrades.com, we work this site for each other, so we'll let each other know who in the business is trustworthy. Because advice in commodities trading is priceless, or expensive and possibly worthless. This site isn't here to sell you anything. (We get a small cut on the books we recommend, which are good. Please do support the site by clicking on some ads, but we aren't endorsing anything over on the right panel.)
Lack of Information. Frankly the big boys in the trading business know a lot more than we little guys. We are building out tools here that will enable us to inform each other most effectively. Furthermore all trades on this site are visible to everyone on the site, so we'll all be able to see how we are behaving, also priceless once we are a representative sample.
Inconsistency. We may have the best plan for trading, rationally created from months of reading, from countless classes, discussions or calculations. But frankly, we don't always follow it. Emotions like greed or fear get in our way. Here we'll be able to prove to each other that certain strategies work, and with practice we'll even improve the power of and trust in our intuitions.
We are a community of traders, helping each other succeed.
Key features are still in development, including a state-of-the-art suite of communication tools, ability to trade options, a full set of commodities and time periods, trading teams and competitions, and more. We welcome people to invest, partner or help out.