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Where can I get advices on futures trading commodities?
Question : Where can I get advices on futures trading commodities?
I want to start as a commodity trader. I need futures and trading recommendations to have stable steps. Where can I get advices on futures trading commodities?
futures trading
Best answer:
Answer by nathan f
Commodity trading is a very risky business. Historically 80% of the people that invest in commodities loose money. Of course, that means 20% make a killing.
Successful commodity traders fall into two groups, technical analysts and product specialists.
Technical analysts use mathematical models to analyze trends and movements.
Product specialists are just that. They usually only trade a single type of commodity, which they study exhaustively.
The people that take guesses or respond to the news on TV are fodder for the experts.
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#2 written by nguyen 1 year ago
Everything will get easy with Pit. Pit will take you high in trader floor with valuable advices on futures trading commodities and daytrading recommendations. Get directions from Pit, you will not be wrong!
http://pitguru.com/ -
#3 written by Common Sense 1 year ago
Be very careful….. the streets are littered by companies that “help” people with futures trading….. they can be a quick way to lose money.
You may want to check out these magazines;
SFO (stocks futures options)
Stocks & CommoditiesI have “free” subscriptions and they’re pretty good. But you’ll never get “stable” steps.
Once you’ve started trading…. check out NinjaTrader for entering your orders. You can do standard OCO’s, Breakeven Stops & programamable trailing stops. It will even “inch up” on limit orders if it starts to get away from you……..
And always remember: Money Management is more important than picking the “right” trade!
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Learn how the particular contract follows the commodity it belongs to. Open a demo account with some broker.