Begin Learning to Trade Commodities, Start Your Commodity Trading Plan
Embarking on learning to trade commodities gives the eager future trader a new perspective of what is really possible in commodity trading. It may be a focus on one area such as cotton or orange juice or alternatively taking the broad spectrum of the commodity markets, whichever it is, you will increase your understanding hugely. Just think about the big crude oil trades that happen daily on the New York Mercantile Exchange and how energy security worries and supply shortages affect prices. Have you thought why platinum or nickel prices might fall, and why might cocoa prices shoot up very quickly?
You need to make an effort to find a very good commodities training school if you want to thrive in these markets. So what should you do to learn about commodity trading? Have you figured out the must know areas if you are to make a success in world commodity markets? It may help in the first instance to find locations where courses on trading commodities are offered. You may find you have a choice, either studying at home as part of an online training package or go to a high quality learning centre where students will have intense exposure to all aspects of futures and commodities.
What do you gain from going to a commodity training centre? You will benefit from physical contact with the tutors and there may be one to one coaching opportunities. What is likely is that lecturers will have real world knowledge of trading as they may be former or still active commodity traders, and this can be a valuable skill which you could benefit from. There is also the advantage of being able to share ideas with colleagues in your classroom and network afterwards.
While on location you benefit from watching "live" trades executed by your tutors, who can give you feedback about the price action. It is arguably better to understand a technique when you observe it happening in real time, rather than in theory. Here you get a sharp edge to your learning curve in commodity trading, and the coaches can offer you help as you tailor your personal commodities trading plan. The expansion of global trading centres means that you are likely to find a training centre close to your home, such as in Dubai, Singapore, London, Toronto, as well in US cities like Philadelphia, New York, Milwaukee, Dallas and Chicago.
Let's look at the alternative of training courses for commodity trading online. What are the benfefits here? If your commitments mean you cannot get to a centre when the courses run or you live too far from the location, the online version is ideal. When you take up this option you have maximum flexibility and you cover both technical and fundamental aspects of trading.
The online commodities trading packages most likely provide students with e mail support from the tutors along with resources like charts, blogs, forums and video to supplement the main material. Along with CDs and DVDs software may also be downloaded so students can link up with the markets and trade without committing capital.
So you are about to start learning to trade commodities. What will be covered? Broadly speaking, courses focus on fundamental analysis, that is supply and demand for commodities and how these are affected by inflation and in the case of crops, weather patterns. Traders also use technical analysis to compliment the former approach. This includes looking at commodity charts for price action, using techniques like Fibonacci numbers, Japanese candlesticks, moving averages, volume and support and resistance lines.
You will also see how easy electronic trading of commodities can be and you will learn what a futures contract is and how to place orders, set your commodity futures margin, along with an appreciation of why market participants hedge their positions. Then there is the matter of managing risk and minimising losses of capital in what are leveraged instruments. And when you start learning to trade commodities you will certainly cover the important role played by psychology when you have to stick to your commodity trading plan. - 23218
You need to make an effort to find a very good commodities training school if you want to thrive in these markets. So what should you do to learn about commodity trading? Have you figured out the must know areas if you are to make a success in world commodity markets? It may help in the first instance to find locations where courses on trading commodities are offered. You may find you have a choice, either studying at home as part of an online training package or go to a high quality learning centre where students will have intense exposure to all aspects of futures and commodities.
What do you gain from going to a commodity training centre? You will benefit from physical contact with the tutors and there may be one to one coaching opportunities. What is likely is that lecturers will have real world knowledge of trading as they may be former or still active commodity traders, and this can be a valuable skill which you could benefit from. There is also the advantage of being able to share ideas with colleagues in your classroom and network afterwards.
While on location you benefit from watching "live" trades executed by your tutors, who can give you feedback about the price action. It is arguably better to understand a technique when you observe it happening in real time, rather than in theory. Here you get a sharp edge to your learning curve in commodity trading, and the coaches can offer you help as you tailor your personal commodities trading plan. The expansion of global trading centres means that you are likely to find a training centre close to your home, such as in Dubai, Singapore, London, Toronto, as well in US cities like Philadelphia, New York, Milwaukee, Dallas and Chicago.
Let's look at the alternative of training courses for commodity trading online. What are the benfefits here? If your commitments mean you cannot get to a centre when the courses run or you live too far from the location, the online version is ideal. When you take up this option you have maximum flexibility and you cover both technical and fundamental aspects of trading.
The online commodities trading packages most likely provide students with e mail support from the tutors along with resources like charts, blogs, forums and video to supplement the main material. Along with CDs and DVDs software may also be downloaded so students can link up with the markets and trade without committing capital.
So you are about to start learning to trade commodities. What will be covered? Broadly speaking, courses focus on fundamental analysis, that is supply and demand for commodities and how these are affected by inflation and in the case of crops, weather patterns. Traders also use technical analysis to compliment the former approach. This includes looking at commodity charts for price action, using techniques like Fibonacci numbers, Japanese candlesticks, moving averages, volume and support and resistance lines.
You will also see how easy electronic trading of commodities can be and you will learn what a futures contract is and how to place orders, set your commodity futures margin, along with an appreciation of why market participants hedge their positions. Then there is the matter of managing risk and minimising losses of capital in what are leveraged instruments. And when you start learning to trade commodities you will certainly cover the important role played by psychology when you have to stick to your commodity trading plan. - 23218
About the Author:
The author, William Davies, contributes articles for a blog on Commodities Trading, offering an educational resource for those keen to learn more about markets. Find out how you could begin learning to trade commodities here.
posted by X - Men @ 9:37 AM
0 Comments
0 Comments:
Post a Comment
Subscribe to Post Comments [Atom]
<< Home