What is the best way to learn how to trade options on soybean futures?

I would like to learn on my own. Are there any free sites or good books that would include the ticker symbols so that I can virtual trade them for practice? Also, I am level four in trading options in my IRA account. Can options on futures be traded in an IRA account? Thanks!|||Hi,





I am a retired futures trader. The best way is to move to Chicago and get a job in one the the trading pits and learn the basics from the ground up. Trying to learn this stuff from a book is almost impossible and yes there are a plethora of books out there, but the trading pit is the best way.





Go to Amazon, enter "futures trading" and select a book. Most of the stories you hear about some individual making millions are guys who got lucky, bet against the trend and made millions. Then, they will sell you a book on how they did it. Problem is it won't work and you will be out. They made a lucky guess. Doesn't tell about the thousands that lost their shirts and pants in this zero-sum game.





Kindest Personal Regards,





Walt Brown


Site Build It Certified Webmaster


capecod1@capecod-beaches.com|||WWW.CBOT.COM





I don't know if they sponsor a simulator or not (CBOE does), but you should learn as much as you can from that website.





The futures market is brutally efficient at relieving rookie traders of their capital.





You should know everything about the contracts, the margin requirements, as well as the principles of APT, futures pricing theory, as well as the common cash-and-carry strategies etc..





If you don't know what I'm referring to, just give your money away to charity because tuition is expensive in that game.





Read up, try to simulate a portfolio for at least 6 months.





Also, when there is real money on the line your sleep pattern will probably change, as well as the color of your hair.





Many have tried and washed out of that livelihood at great expense.





Good Luck!|||http://www.cbot.com/





Look under the category, "Education" then select , "publications" Keep in mind the CBOT is where grains are traded. Corn, Wheat, Soy Beans etc..





Best wishes|||Learning how to trade is easy. Learning how to make money after commissions is what's difficult. Do you think you are better able to calculate the future prices of soybeans than a professional trader?