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Friday, 5 September 2014

Commodity Trading Plan & Trading Strategies

First, decide which commodity markets you are going to trade. If you will be an active trader, I recommend concentrating on no more than three commodities. Long-term traders who want to be a little more diversified can look for opportunities in all the commodities.

This is where many unsuccessful traders go wrong. They have no specific trading strategies for entering and exiting trades.Watching the news for trading opportunities is not a trading strategy. You should have a logical and tested fundamental or technical strategy for trading commodities. Also, decide whether you want to be a long-term trader or a short-term trader.

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