Commodity trading is a business. It started as such, is so now, and will continue to be a business in the future. Back in the mid-1800’s, the McCormick reaper was invented, which greatly enhanced the production of wheat in America. About the same time, Chicago was becoming a major commercial [...]
When looking at how to read commodity charts, there are three “views” for each commodity. We will take a look at each of the following commodity charts views:
Monthly. The longest-range view is the monthly chart, which shows the price movement over the last 10 to 30 [...]
The following is an explanation of several different terms, and I’ll explain a little about each one of them.
The Contract Month: As you can see, the daily chart reads, SI, 1999U, September - Silver . The last part is pretty obvious: March 2016 Silver. This means that this contract, or delivery [...]
In the opinion of myself and many others, technical trading is the best way to trade commodities. I could care less about the news! That’s a bold statement, so let me explain why I say that. By the time you read or hear the news, it’s already happened. You see, you and I are on the bottom of [...]
There are many different ways to place an order, and I want to give you some specific explanations of the most common types of orders.
Which type of order you use will depend on several different factors, based on your objectives for each particular trade. It is extremely important that you [...]
The charts can be effective tools to help you learn to trade with confidence if you know how to “read” and analyze them correctly. Once you finish this course, I think you will understand why I feel the charts contain almost all the information you need to trade. You will learn to get a [...]
As you have seen, prices will often bounce between trendlines. Let’s look at an uptrend diagram.As we have discussed, prices will tend to bounce back and forth between these trendlines. Many chartists believe that in order to confirm a trend reversal, the trendline must be broken three [...]
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* Testimonials are not a guarantee of future success. All information is for educational use only and is not investment advice. Trading financial instruments, including Stocks, Futures, Forex or Options on margin, carries a high level of risk and is not suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in any of these financial instruments you should carefully consider your investment objectives, level of experience, and risk appetite. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. The possibility exists that you could sustain losses exceeding your initial investment. You should be aware of all the risks associated with trading and seek advice from an independent financial adviser if you have any doubts. Past performance, whether actual or hypothetical, is not necessarily indicative of future results. All depictions of trades whether by video or image are for illustrative purposes only and not a recommendation to buy or sell any particular financial instrument and do not factor in trading costs in trading examples due to varying commission and fees among traders. The impact on market prices due to seasonal, market cycles or news events may already be reflected in the price. See full risk disclosure. See full risk disclosure.