Author name: Steve Burns

After a lifelong fascination with financial markets, Steve began investing in 1993 and trading his accounts in 1995. It was love at first trade. After more than 30 successful years in the markets, Steve now dedicates his time to helping traders improve their psychology and profitability. New Trader U offers an extensive blog resource with more than 4,000 original articles, online courses, and best-selling books covering various topics.

Futures trading books

Best Futures Trading Books

Here are four of the best trading books about the futures market. Instead of giving a long list I have kept this one short with a focus on the only ones you need to both go through the learning curve and also implement trading strategies. A Trader’s First Book on Commodities: Everything you need to know about futures and options trading before placing a trade  by Carley

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Bear Pennant

Image via Colibri Trader Chart Facts: The bear pennant is a continuation chart pattern of the previous downtrend. A pennant pattern is very similar to a flag pattern except a flag is rectangular and descending and a pennant is triangular. A bear pennant chart pattern occurs after a downtrend out of a previous price base.

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extrinsic value

Extrinsic Value

Option contracts pricing consists of both the extrinsic value and intrinsic value that combine to create what each strike price and expiration is worth in an option chain. Extrinsic value is the potential of what an option has to be worth in the future while the intrinsic value is how much an option is worth

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What Companies are in the Capital Goods Field?

The capital goods field consists of  the industrials sector and is a category of company stocks that are in business to manufacture goods and distribute them to their customers. This is a wide field of operations and the sector contains many different types of companies producing machinery for manufacturing plants, electrical equipment, airplanes, military defense

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