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Where to learn how to trade Commodities.


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Where to learn how to trade Commodities.

  #11 (permalink)
Commodity
Malaysia,Kualalumpur
 
Posts: 32 since May 2013
Thanks Given: 50
Thanks Received: 13

Markets are fractal,it means they are similar to themselves and repeat themselves.your kid is a fractal part of you.so there is no substantial
Difference in trading stocks or bond or commodity.all obey the same rules because human mind makes the market

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  #12 (permalink)
Dunstan
Budapest + Hungary
 
Posts: 5 since Jan 2014
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daytrader10k View Post
Hi all,

I'm interested in trading commodities (not through ETF's) and I'm looking to get some advice on how to start learning the commodities market.

Does anyone have any suggestions? I need some structure and I'm struggling.

Thanks,

DT10k

Read "Trading Commodities & Financial Futures" by George Kleinman, its a great "beginners" book and I think it could help!

All the best,
Dunstan

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  #13 (permalink)
jadynb
sydney nsw
 
Posts: 5 since Feb 2014
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which commodity markets are most common for day trading?

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  #14 (permalink)
SpearPointTrader
Aurora IL
 
Posts: 5 since Oct 2011
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jadynb View Post
which commodity markets are most common for day trading?

We, I know the E-mini is a huge one, however, you can day trade any liquid market. The ones with the mostly volume and open interest are the ones to look at. Thin markets, with low activity generally have very bad fills, and you will get chewed up with said bad fills.

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  #15 (permalink)
 
Massive l's Avatar
 Massive l 
OR/USA
Legendary /NQ Trader
 
Experience: None
Posts: 2,129 since Mar 2011
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My favorites are Corn, Wheat, Soybeans, and Sugar.
(/ZC, /ZW, /ZS, /SB)

There are also available as micros via thinkorswim.

Stay away from Coffee.
At $18/tick, it's not for a new trader.

I have a journal on another forum dedicated to Grains and Softs.

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  #16 (permalink)
 
sands's Avatar
 sands 
London + UK
 
Experience: Advanced
Platform: Proprietary Analytics
Broker: Multiple broker + Multiple feed
Trading: Currently European and US equities
Posts: 443 since Dec 2013
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Commodity View Post
Markets are fractal,it means they are similar to themselves and repeat themselves.your kid is a fractal part of you.so there is no substantial
Difference in trading stocks or bond or commodity.all obey the same rules because human mind makes the market

In a broad sense that's true, building on what you've said particular markets do have very specific behaviour if nothing else in how they react to news events and how different markets lead an lag each other. I've also found that the liquidity of markets vary drastically. Making some products much more difficult to trade.

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  #17 (permalink)
arrowTrader
Northern California
 
Posts: 12 since Feb 2014
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Carley Garner, a futures broker, wrote an introductory book on trading commodities. You can search for it on any of the bookstore sites.

And I noticed she is also a forum member of futures.io (formerly BMT), so you can even ask the author any good questions you may have. Having this kind of direct access to an author is a great benefit of this forum.

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  #18 (permalink)
 
MrtBob's Avatar
 MrtBob 
Aurora Colorado
 
Experience: Advanced
Platform: Trade Navigator
Broker: Daniels Trading, OEC, Interactive Brokers
Trading: Currency, T-Bonds, Notes, Crude Oil
Posts: 4 since Feb 2014
Thanks Given: 0
Thanks Received: 1

If you are going to trade the Futures Market-- then I recommend that this is the only market you focus on.. also, start with a demo account, which you should trade from for at least one month just getting you feet wet. You made actually need more time and if so don't feel you are not getting it just keep going and using your demo account until you feel very comfortable. Also, you need a setup for your daily trading-- for example start with the ES and NQ and have both charts and DOMs up for each--- you need to learn how to read the market from the DOMs and not the charts as much. If you do this each day you will start to see what is going on in the market. Other markets to watch are the following:
the 30yr and 10 bonds. Also the Yen, Euro, and of course the DAX and Euro stocks.. I keep 8 DOMs up at all times to get a sense of the whole market and then concentrate on the ones I going to take a trade in. You also need to learn he correlations between markets and watching the DOMs will give you an edge.. Their is a lot more to this but only so much space for my post.

Hope this helps

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  #19 (permalink)
proman
Wheaton, MD
 
Posts: 9 since Mar 2014
Thanks Given: 0
Thanks Received: 1

Here is an excellent source of futures prices fundamentals and explanations: insidefutures.com/articles/articles.php?author=385

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Last Updated on March 13, 2014


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