Ultimately, the most important contributors to trading success are twofold:
1) The development of concrete trading skills: pattern recognition, ability to execute sound trade ideas to create a positive expectancy, sound risk management;
2) The cultivation of the mental toughness, continuous learning, and discipline that enable you to adapt to new, challenging market conditions.
The NFA (National Futures Association) is an organization within the U.S futures market that was created in 1982. It is industry-wide and is self regulated. The NFA fills many roles and purposes within the commodities and futures market, but its main role is the protection of investors. This is accomplished by the many programs, services, and rules that have been developed over the years by the organization.