In this article, I will try to explain briefly how to trade in commodities without picking the wrong ones and without getting interrupted-which are two common mistakes that make new traders.
First, you must collect trending markets to avoid margin calls when your balance drops below a certain point. Most traders "buy down" a commodity and that falling and hold together falls further and leads to margin calls? I would like to purchase goods, which are trend either up or down and have a chart to prove it. If falls or rises, I hold with a stop error message and do not buy or sell any more until he begins to trend upwards or downwards again: for example, I trade mini-soya and target $ 300.00 per contract-bearing 3 contracts in different points in a season and $ 300.00 per contract to a stop. A one to one ratio risk/reward. Remember, the trend is your friend.
Each commodity or currency is different as regards interruption. To the currency you have to risk $ 400.00 to $ 500.00 a node either up or down depending on the voltage per contract to avoid getting lost: most new traders risk very little from stop and get targeted before the trend has an opportunity to develop and continue upwards or downwards depending on the charts.
I have indices, commodities and currencies traded for six years now, and use a broker. Like talking to someone, even if I pay more per contract. You need to find a good broker starting: one that works with you and gives you ideas and suggestions to consider and make intelligent choices. They make up the best relationships that last for years.
With the purchase of commodities, I don't see negotiation without a broker. Indicators such as the e-mini Dow or e-mini S & P, I think you can follow the market and trade electronically by yourself and save on commissions, if well stability. I no longer trade indicators as they present the financial crash of 2008 due to the low volume. However, the S & P 500 is supposed to reach 1450 in the coming six months, starting from new year according to experts in the market.
Finally, use a commercial program as VantagePoint, expensive at $ 2450: 00 or so for three markets. But it deserves. And to start the trading you need a balance of at least $ 7,000-$ 10,000-$ 15,000 1.00 is best. $ 2500.00 don't cut it too and you will lose the quick and you will be outside the game or you will need to send more money to be able to do so. Better to start with a higher account balances that you can AFFORD to RISK!
Hope this helps!
Learn and prosper!
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