Learning to Trade Commodities, Choose Your Commodity Trading Course
When you start learning to trade commodities you will find yourself seeing commodity futures trading in a completely new light. Whether it is in a particular sector such as coal or copper or maybe across the whole range of commodity markets, your knowledge of these trading products will grow. Many have heard the mention of the New York Mercantile Exchange and crude oil trading against the background of a growing energy security concern and how many factors influence prices. Consider also what are the driving forces of prices in gold, palladium and other precious metals, and why do sugar prices spike?
If you want to achieve success in these markets, you first need to find a very good commodities trading provider. So how will you go about learning to trade commodities? What are the key knowledge areas of trading if you want to move ahead in commodity markets? Look out for locations where commodity trading training courses are available. It is more than likely you will have a choice to either attend lessons at your chosen location or study from home using an online training program .
Why should you choose to go to a commodity trading school? One advantage is immediate face to face contact with your coaches and you might be able to have one to one coaching. Your tutors may well have real world trading experience under their belts, and may indeed still be active commodity traders. If so you will really want to use their knowledge to the full. Also you can share thoughts with colleagues as you network with them after the course.
While on location you benefit from watching "live" trades executed by your tutors, who can give you feedback about the price action. It is arguably better to understand a technique when you observe it happening in real time, rather than in theory. Here you get a sharp edge to your learning curve in commodity trading, and the coaches can offer you help as you tailor your personal commodities trading plan. The expansion of global trading centres means that you are likely to find a training centre close to your home, such as in Dubai, Singapore, London, Toronto, as well in US cities like Philadelphia, New York, Milwaukee, Dallas and Chicago.
Let's look at the alternative of training courses for commodity trading online. What are the benfefits here? If your commitments mean you cannot get to a centre when the courses run or you live too far from the location, the online version is ideal. When you take up this option you have maximum flexibility and you cover both technical and fundamental aspects of trading.
If you choose the online commodities trading course they will usually provide an e mail contact with your coach, with supportive resources like charts and forums on their website. It may be they also offer CDs and DVDs and a software package which you download so that you can simulate trades and learn different trading methods and techniques.
So you are about to start learning to trade commodities. What will be covered? Broadly speaking, courses focus on fundamental analysis, that is supply and demand for commodities and how these are affected by inflation and in the case of crops, weather patterns. Traders also use technical analysis to compliment the former approach. This includes looking at commodity charts for price action, using techniques like Fibonacci numbers, Japanese candlesticks, moving averages, volume and support and resistance lines.
You will also see how easy electronic trading of commodities can be and you will learn what a futures contract is and how to place orders, set your commodity futures margin, along with an appreciation of why market participants hedge their positions. Then there is the matter of managing risk and minimising losses of capital in what are leveraged instruments. And when you start learning to trade commodities you will certainly cover the important role played by psychology when you have to stick to your commodity trading plan. - 23200
If you want to achieve success in these markets, you first need to find a very good commodities trading provider. So how will you go about learning to trade commodities? What are the key knowledge areas of trading if you want to move ahead in commodity markets? Look out for locations where commodity trading training courses are available. It is more than likely you will have a choice to either attend lessons at your chosen location or study from home using an online training program .
Why should you choose to go to a commodity trading school? One advantage is immediate face to face contact with your coaches and you might be able to have one to one coaching. Your tutors may well have real world trading experience under their belts, and may indeed still be active commodity traders. If so you will really want to use their knowledge to the full. Also you can share thoughts with colleagues as you network with them after the course.
While on location you benefit from watching "live" trades executed by your tutors, who can give you feedback about the price action. It is arguably better to understand a technique when you observe it happening in real time, rather than in theory. Here you get a sharp edge to your learning curve in commodity trading, and the coaches can offer you help as you tailor your personal commodities trading plan. The expansion of global trading centres means that you are likely to find a training centre close to your home, such as in Dubai, Singapore, London, Toronto, as well in US cities like Philadelphia, New York, Milwaukee, Dallas and Chicago.
Let's look at the alternative of training courses for commodity trading online. What are the benfefits here? If your commitments mean you cannot get to a centre when the courses run or you live too far from the location, the online version is ideal. When you take up this option you have maximum flexibility and you cover both technical and fundamental aspects of trading.
If you choose the online commodities trading course they will usually provide an e mail contact with your coach, with supportive resources like charts and forums on their website. It may be they also offer CDs and DVDs and a software package which you download so that you can simulate trades and learn different trading methods and techniques.
So you are about to start learning to trade commodities. What will be covered? Broadly speaking, courses focus on fundamental analysis, that is supply and demand for commodities and how these are affected by inflation and in the case of crops, weather patterns. Traders also use technical analysis to compliment the former approach. This includes looking at commodity charts for price action, using techniques like Fibonacci numbers, Japanese candlesticks, moving averages, volume and support and resistance lines.
You will also see how easy electronic trading of commodities can be and you will learn what a futures contract is and how to place orders, set your commodity futures margin, along with an appreciation of why market participants hedge their positions. Then there is the matter of managing risk and minimising losses of capital in what are leveraged instruments. And when you start learning to trade commodities you will certainly cover the important role played by psychology when you have to stick to your commodity trading plan. - 23200
About the Author:
The author, William Davies, contributes articles for a website on Commodities Trading, offering an informational resource for those wanting to learn more about markets. Find out how you could begin learning to trade commodities here.
posted by X - Men @ 2:40 AM
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