What to look for when trading commodities futures?

Wednesday, January 15, 2014 , Posted by Ryanita at 5:59 AM

forex trading for dummies
 on Currency Trading for Dummies
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jazzprime2


As far as agriculture, oil, and precious metals go what do you do as far as analysis goes for trading these commodities (fundamental analysis mainly).


Answer
Precious metals, commodities, and FOREX are terrible choices for novice investors. If you insist, I'm betting 3 to 1 that you will lost almost your entire stake in less than 3 months.

Read "Investing for Dummies" or any self-help book written for novice investors. Good luck!

I need assistance in learning the fundamentals of day trading. Where should I begin?




Vive Venus


Where do I start?... What seminars should I attend? What accounts should I create for myself? What websites have most day traders found to be esp. useful? I am a newbie requesting legitimate advice pertaining to trading commodities or simply trading in general.
Thank You!



Answer
I watch this every day after market closing;
http://www.alphatrends.net/

Learning to trade (day or swing trading) can take on average 3-5 years. Reading a new trading book every month (for your entire career) is done by many of us.

Pick up a basic intro to technical analysis like;
Technical Analysis for Dummies

Move on to trading books like;
Mastering The trade, John Carter
Trading in The Zone, Mark Douglas
Technical Analysis Using Multiple Time Frames, Brian Shannon

See the book list (Essential Reading);
http://tradermike.net/

My favorite broker. Great charting. Great tools. Great Webinars;
http://www.thinkorswim.com/
https://www.thinkorswim.com/tos/displayPage.tos?webpage=onlineSeminar

Forex, Futurers, Options and Commodities are not the best place to start to learn trading. Stocks are the better place to start your quest.




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