Author : Joe Duarte
Risk and uncertainty go hand in hand with opportunities to make money. Those who can shake off the chains of preconceived notions and ideology and who discover how to make money as markets rise or fall are more successful than investors who buy and hold. And that’s what this book is about: embracing the inherent volatility of the world and the markets and using it as a wealth-building tool. Goods, services, and basic materials probably will undergo major price swings, up and down, at one time or another during the next 20 years. The volatility of the markets is only going to increase. And the chances for sustainable trends that last for decades, the way the stock market rallied in the 1980s and 1990s, are less likely than they were a few years ago. If global warming doesn’t get you, then politicians, militants, or dictators are almost certain to try. That’s why finding out how to trade futures is important for investors who not only want to diversify their own portfolios but also want to find ways to protect and grow their money when times are hard in traditional investment venues such as the stock market, a point well illustrated by the action in the financial markets in 2007 and early 2008. The world has changed since the events of September 11, 2001. China, India, Brazil, and other economies are now competing with the United States and Europe. This competition is not likely to ebb or change for several decades, which means that market volatility is not likely to go away any time soon. Whereas in the past investors could afford the luxury of buying and holding stocks or mutual funds for the long term, the post-September 11, 2001, world calls for a more active and even a speculative investor. The new world calls for a trader. And the futures markets, although high risk, offer some of the best opportunities to make money by trading in volatile times. So you need to get ready to work as a stock trader, a geopolitical analyst, a money manager, and an expert in the oil and commodity markets. In my line of work, I have to keep up with news about the economy, disruptions in the supply of oil, the weekly trends of oil supply, weather patterns, and the stock market, both in a macro and micro universe.