Profitable Trading (eBook)

Niclas Hummel, an experienced trader, reveals in this concise guide the realities of trading futures and cryptocurrencies. He illustrates how easily newcomers in the shark tank of financial markets can become shark bait when they operate without clear strategy, risk, and emotion management. Don't be swayed by current trends on social media into making rash decisions. While trading always carries risks, it remains one of the most established methods of wealth accumulation when approached with time-tested strategies. The book conveys how you can succeed in trading with thoughtful analysis, a well-founded trading plan, and the right actions and mental tricks. It is an essential guide for anyone looking to trade profitably in the dynamic world of global financial markets.

My name is Niclas Hummel, and I have been actively involved in trading for 12 years. I discovered my passion for trading early on and made it my mission to learn from the greatest speculators and traders in the world and to trade the markets profitably. The market itself has been my greatest teacher in this journey. Today, trading is my most profitable asset-building endeavor, and I teach people my method, which focuses primarily on a sensible strategy, risk management, and emotional management. In addition to conventional stock trading, I have also been fascinated by the emerging world of cryptocurrencies. Since 2015, I have been following the development of Bitcoin and the associated blockchain technology. The exciting journey in trading and technology has shaped my life. I look forward to sharing my knowledge with others.