How can I become successful in commodities trading system?

[sam]

I want to become successful in this business. Have you any tips to share?

 

[richard branson]

It is not easy way to be a successful trader. First you should read about the commodity trading system from blog & articles. After learning you can start trading with small amount of money and day by day your trading experience will be improved and it will help you to become successful in commodity trading system.

Use these techniques to become Successful Commodity trader.

(1) To be a successful trader you must have a goal. Goal setting starts with a pad of paper, a pen and you
(2) a goal is created in three parts: ● first is the mental picture – you must be able to visualize your goal(s) and where your goal(s) will take you
● second is when you write down the goal(s) to help add clarity & dimension

● third is when you take action towards achieving the goal(s). The best opportunities in life are the ones we create. Goal-setting provides you the opportunity to create a great life. And if becoming a professional full-time trader is your goal, there is absolutely no reason why you can’t achieve that goal.
Commodity Market will fluctuate on daily basis. So you need to subscribe tips from experience and professional advisory firm (Commoditytips.com)

 

[MrThind]

You need to formulate your own strategy to become successful trader in commodity market. Once you formulate strategy, you must not change it at least for a year. After one year, see your profit / loss and then modify it ,if required.You must not depend on anybodies tips / suggestions.

 

[nasim39]

learning in trading forex, learn anything can make us mistake is good ways to improve quality of our trading. beside it, we can get experience can help us to solve problem, in our journey. profit will follow us if we dicipline to learn in forex (trust me).

 

[Markllee30]

A trader should collect enough understanding about forex trading before start trading. Having sufficient knowledge and being familiar with each term used in forex trading is needed to become a successful trader.

 

[UMOFX IB]

Commodity trading is more risky than currency trading. In commodities there is a lot of fluctuation in rates within short time period. Spread is also high so you should do this trading after a lot of practice.You can successful with keen observation and using small lots in commodity . Your analysis should be good before open any position in commodity.

 

[PROPENSITY100]

Learning and practice makes a man a successful trader in the Forex market. There is no shortcut means and it requires intense learning and dedication to achieve success in the Forex market and it is not a days work.There is little room for mistakes in the Forex market and so a trader should keep his mind open to learn new things and improve his trading skills.

 

[gkintl]

Commodity markets are very much impacted by seasonal changes. To trade successfully in commodity market, a trader should have very good knowledge about the same. Furthermore, commodity market has indirect correlation with stock market. Thus, a trader need to monitor the same regularly. The risk is larger in a commodity market as not only economic events but also political creates a shift in primary trend of an asset. Thus, it is always suggested to be taken at a later stage in ones career.

 

[thanhvi410]

You want to succeed in Forex is the first thing you have to learn. Learn what and where to study?? learn the basic patterns, learn about the characteristics and properties of the market, learn about trading strategies from simple to advanced. The best place for you to start is baby pips and forex factory.

 

[budado]

Commodities trading is not forex trading. Forex trading is trading currencies while commodities trading is trading the likes of oil, gas, metals and so on. So its totally different approach. I do recommend that we invest our time and effort learning how to trade in demo account before we try to trade in real account.

 

[Pettyeve]

Commodities trading can be more complex than forex trading. It entirely different from trading in pairs and people often address it as heavy investment since it requires both huge capital and knowledge. Traders who want to diverge into this form of trading need to have more trading knowledge in the area.

 

[Decub]

Becoming successful in commodities trading which most times people talk about is only that of metals to me, doesn't need much hell of a problem. If the trader can learn about and understand real currency trading, applying the same learning skills in his quest to become a commodity trader wouldn't cost him much space in the brain as well.

 

[Tom Latham]

I want to become successful in this business. Have you any tips to share?

Commodities are always challenging to do! So, my suggestion is make a good trading skill on the general FX pairs; then go the advance level.

 

[Eduardo Lucchese]

Sometimes you can bear sufficient amount of profit and such positions are risky most of the time.

 

[Alexander Hudson]

Forex is a decentralized market where more than 4 trillion transactions take place every day and broker works as an intermediary.

 

[David Marco]

Almost all brokers allow traders with scalping friendly trading facilities and a reliable environment. Because brokers know it well that traders like scalping the most.

 

[Gito Dinev]

A secure broker provides traders with all necessary facilities like high security of funding, good amount of leverage, narrow spread in most of the pairs, flexible margin level, and other facilities moderately. A secure broker keeps your trading fund secure.

 

[LouBega88]

If you own a positive mentality, then any sudden lose won’t depress you, contrarily, negative mentality will team you apart.

 

[Oscar Shumack]

Use trend lines to understand the TP and SL line. To turn every trade successful, you have a good analytical knowledge.