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Start Your Commodity Trading Education Right Here and Now
For a commodity trading education and a stock market trading education that won't cost you a penny, but will provide you with a head start to profitable trading experience. The information is invaluable to both new traders as well as a reminder for more experienced traders.....lets get started. To succeed as a stock or commodity trader you will need to acquire a commodity trading education. The place to start is with a trading plan.
Part 1 of your commodity trading education
The following trading plan was written by futures traders, but you will find it applies equally well if you trade stocks. By Rick Thachuk
Part II of your commodity trading education... Price Prediction Profit on a futures trade is earned if you buy low and sell high, or sell high and buy back low. While simple in concept, this requires you, the trader, to have some idea of where prices will be several weeks or months from now. That is, it requires some sort of price prediction methodology. Most traders tend to rely on some variation of fundamental or technical analysis to predict prices. Many traders also spend considerable time and energy attempting to identify new measurements or signals that provide the edge in predicting prices. Stories abound of traders who claim to have discovered proof-positive techniques for predicting prices, and then offer to sell the information to you for a price. In my experience, genuine fool-proof techniques are very hard to come by, and I would advise you to be very careful and skeptical of such grand claims.
We put in a top in paper assets, ie, the stock market. It's now time for the hard assets to have their turn.....you remember them, those are the things you can actually touch. Gold, silver, soybeans, corn, sugar, etc. These are the commodities that are entering there bull phase where the fast up moves occur. History repeats..... are you ready for the opportunities that are being presented to the alert trader. click here for commodity trading system that was made for the coming commodity price explosion.
**Commodity Trading Education = Commodity Trading Education**
++++++++++++++++++++++++++++++++++++++++++++++++++ ++++++++++++++++++++++++++++++++++++++++++++++++++ Part III of your commodity trading education Welcome to Money Management For Traders By Chuck Hackett My mission here is to lay out a working example of how money management fits into your commodity trading education and help you build your trading plan. You don't have to follow this exact example in your trading, but I believe that even if you apply only part of it, you will greatly improve your chances of survival and of ultimately becoming a member of that magical ten percent winner's club. First, a little background. Most traders seem to be more concerned with the latest and greatest method of getting into a market. There are more ways of giving yourself a reason to get in than you can shake a stick at: chart patterns, breakouts, indicators, fundamentals, astrological events, neural nets, boredom, and on and on. Getting in is the easiest thing to do. Of course it is important, after all if you get in at the right place you will have an easier time getting out with a profit and avoiding a loss. It is interesting to note how much less is written about getting out than getting in, since getting out is just important as getting in. Many traders feel they have made a terrible mistake immediately after having gotten in. This reaction has given birth to a new kind of market order known among brokers as the "CIC", which stands for "cancel if close". This order is implemented when a trader doesn't want to take a loss according to the original stop loss plan, and instead wants to risk more to see if the trade will work out. They don't trust the hours of analysis they did that told them to "get in now before you miss this beautiful trade!" The sense of having made a mistake becomes so strong that they get back out with a small loss, or hold on, blindly riding the trade through profits to a large loss. Either way, the idea of money management is usually an afterthought. It occurs to the trader just after getting in, and it goes something like this: "OH ----, it's going against me, I hope I don't get stopped out where my stop loss is now because it would kill my account!" After about three to five of these trading "experiences", the average trader simply won't have enough left to get "in" in any market again and will often give up trading entirely. For the broker, it's bad because he has to replace that client, and that means a lot of work. For the trader it's worse, of course, because now the money is gone and he or she didn't even have a chance to learn anything useful about trading, except that it can magically evaporate money. The next paragraph tells you why a commoity trading education is so important. It 's common knowledge over eighty percent of traders lose their money and stop trading within their first year, and that about ten percent of traders get the other traders' money, year after year. If the odds are stacked against new traders nine to one, why do they still want to start trading? Usually the answer is they think they have a better way of "getting in". The fact is new traders often do have better ways of "getting in". It's the getting out part that gets all messed up. Make sure your not a causualty.... learn the secrets of commodity trading from Bill McCready. He's put together a special four part commodity trading education video....
What is it that the ten percent of traders who seem to consistently take everyone else's money are doing differently than everyone else? Is it some super secret way of "getting in"? When these wizards are interviewed, they often say: "I let my profits ride, and cut my losses quickly." Hmmmm. No kidding. Others offer more helpful advice like "It's easy: buy low and sell high". Ok, we're all ready to trade for a living now! What are these wizards really saying between the lines that separate their results from everyone else's? The answer is simple, but ninety percent of traders don't do it, and probably wouldn't do it if they knew how.
====================================================== The answer is to treat trading like a business, which specifically means having a business plan. Even more specifically it means having a trading plan that applies the concept of money management before deciding how to get into a market. For most traders, the feeling of being "in the market" is more rewarding than whether they actually win or lose. For them, a real trading plan would get in the way of what they are really trying to get out of the markets, which is a specific flavor of excitement. All they have to have is a half-decent excuse to "get in" to immediately taste the sweet tension of being in a trade. The cycle deepens when the sense of relief felt after getting out of a losing trade becomes more powerful and satisfying than the act of taking a profit. If anyone has trouble believing this, have him try reserving a hotel room in Las Vegas on short notice.....more commodity trading education
Trade the Big Moves/ With Low Cost Options For your complete commodity trading system (click here) A commodity trading education continues as long as your a trader. That's what makes this business so wonderful. Click the link below for a complete video course to begin your commodity trading education.
Traders Edge Publishing 1988 N Valley Dr Apache Junction AZ 85220 Home Page Commodity Codes Option Glossary Commodity Terms Option Magic Day Trading Secrets 30 Year Cycle Charts Bonds Trading Systems Timing Future Hedging More Links Commodity Trading Education There is risk in not having a commodity trading education. Futures, Options, Stocks and Commodity trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in Stocks, Futures, Options and Commodity markets. Don't trade with money that you can't afford to lose. This is neither a solicitation for a commodity trading education nor an offer to Buy/Sell Futures, Options, Stocks or Commodities.risk disclosure
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