How to Trade Commodities In A Sensible Manner

Error Saving Reaction

How to Trade Commodities In A Sensible Manner

How To Trade Commodities is on the minds of thousands of people. As the economy continues to worsen and 401k's become less reliable, many are looking to find a way to support themselves. Trading commodities is a wonderful business that can be very gratifying and rewarding for those that go about it in a business-like fashion.

Most people see commodities trading as a get-rich-quick activity rather than the business that it is, unfortunately. This is quite regretable because how to trade commodities doesn't have to be overly complicated if a person will simply go about it properly. Many go about it without any formalities and proper respect of a business and are very casual in their approach. As a result, a very high percentage of new commodities traders wind up going without consistent profits for months or even years, assuming that they survive that long.

Only 5-10% of new traders survive past six months, making the success rate for new traders very low. The success / failure rate for new businesses in any industry is very similar, which is ironic, but often for the same reasons. Included in the common reasons for failure are insufficient startup capital, no business plan, and lack of experience in the industry or in running a business.

"Treat your trading as the business that it is" sums up in a few words what How To Trade Commodities is really about. If traders would do this, along with seeking training for building the skills to fulfill the various roles of a self-employed business owner, they'd give themselves a tremendous advantage and considerably improved chances of success. Of course there is a considerable body of knowledge to becoming a successful commodities trader, so anyone considering this occupation should allow for time to develop themselves, and their skills as a trader and as the owner of a business.

Impatience and thnking that how to trade commodities means simply funding an account and starting to throw money at the market while expecting huge profits are in for a very unpleasant awakening. Trading commodities is a business of skill and involves personal challenges and trials that aren't commonly experienced in most endeavors. Investing in yourself as the trader to get trained on the business and personal aspects of trading beyond simply knowing your system would be very wise. Even if you have a good system, being the owner of a trading business involves much more that simply placing trades.

There are substantial advantages that the business of trading has over virtually all other businesses. First recognize that you are starting a business if you are considering becoming a trader, and then approach your trading the same as you would in starting a business in any other industry. It would be very un-wise to follow the example of the 90% that fail, as you'd be likely to get the same undesirable results. You're more likely to realize all that trading has to offer if you do as the 10% do.

How To Trade Commodities is simple in many regards if approached properly, yet can be made tremendously difficult and complex if not. Commodity trading will fulfill all your expectations if you simply give it the respect it deserves. A financial beating is what you're in for though if you decide to treat it as a get-rich-quick matter and try to take shortcuts.

Views: 269
0
0
0
Author: Regular Articles

How to trade commodities begins by investing in training for yourself since you are starting a skilled, self-employed business in a highly challenging industry.

Get your FREE copy of "Traits of the Top 10%" of individual traders, at http://insideouttrading.com

Tell a friend
Average rating:
(1 votes)
Average rating from Reviews:
(0 votes)

Write a review

Reviews

Zacks Industry Outlook Highlights: Freeport-McMoRan, Newmont Mining, Golden Star Resources, Randgold Resources and Kinross Gold

Zacks Industry Outlook Highlights: Freeport-McMoRan, Newmont Mining, Golden Star Resources, Randgold Resources and Kinross Gold Read More

Gold Mining Stock Outlook - Sept. 2017

Gold Mining Stock Outlook - Sept. 2017 Read More

Why Freeport-McMoran (FCX) Stock Might be a Great Pick

Freeport-McMoran (FCX) is seeing solid earnings estimate revision activity, and is a great company from a Zacks Industry Rank perspective. Read More

Friend of slain Georgia Tech student: 'If Scout was more gender-conforming, would it have been different?'

Scout Schultz, a Georgia Tech student, was shot by campus police on Saturday night, and a protest two days later led to arrests. In the aftermath of those events, Yahoo Lifestyle talked to a friend... Read More

How to Make Healthy Leftover Turkey Tacos

These tacos get a healthy makeover by using turkey as the main lean protein. It all comes together with some beans, avocado, and a little cheese. Watch the video to learn how to make this easy... Read More

Little People, Big World's Audrey Roloff Just Gave Birth to Her First Child

It's a girl! Read More

Mel Brooks: ‘Blazing Saddles’ Would Never Be Made in Today’s ‘Stupidly Politically Correct’ Culture

“Blazing Saddles” may be a groundbreaking comedy, but director Mel Brooks doesn’t think Hollywood would make the iconic Western parody in this current “stupidly politically correct” climate. The... Read More

Box Office: 'Kingsman: The Golden Circle' Unseats 'It' as 'Lego Ninjago' Disappoints

Kingsman: The Golden Circle is the new ruler of the box office. The sequel from Fox is expected to earn $39 million this weekend from 4,003 locations. That’s slightly below where tracking had... Read More

Bradley Cooper-Lady Gaga’s ‘Star Is Born’ Moves to May 2018

Warner Bros.’ “A Star Is Born” remake starring Stefani Germanotta (Lady Gaga) and Bradley Cooper, who is also directing, is moving up its release to May 18, 2018. The pic was originally set to open... Read More

White House officials defend Trump, say athletes 'can do free speech on their own time'

Treasury Secretary Steve Mnuchin defended Trump’s call for NFL players who kneel during the national anthem to be suspended or fired. “It’s not about free speech,” Mnucin said Sunday. “They can do... Read More

In wake of U.N. speech, Kim calls Trump a ‘dotard.’ Trump fires back at ‘madman.’

President Trump and North Korean leader Kim Jong Un have unleashed personal attacks on one another after the U.S. commander in chief’s speech at the United Nations. “Kim Jong Un of North Korea,... Read More

As Russia probe turns to fake Facebook ads, Trump follows with a tweet

President Trump continued his efforts to belittle accusations of Russian meddling in the 2016 election on Friday, turning to the latest set of charges, involving targeted political ads placed on... Read More

Reluctant champion: How Nadia Murad has become the international face of Yazidi suffering – and resilience

Weeks earlier, Nadia Murad had been ripped from her village by Islamic State (ISIS) fighters who murdered her family and took her captive. Along with other young Yazidi women, she was transported... Read More

Readers write: The work of downsizing, evidence of climate change, hopeful coverage on famine

Regarding the Aug. 21 Monitor Daily story “Home prices, and a thought shift, give ‘small living’ a boost”: Interesting concept. My friend has done it, downsizing and living in a tiny apartment.... Read More

Time for the world to step up on Rohingya issue, Aung San Suu Kyi’s astounding hypocrisy, Irma’s destruction in Britain’s Caribbean islands, The US should stop saber rattling, On the Nadal-Federer comeback

“It is high time the world made an all-out effort to stop the ongoing pogrom against Myanmar’s minority Rohingya...,” writes Mohammad Amjad Hossain. “The pogrom resembles those crimes perpetrated... Read More