I want to invest in commodities on line does anybody know the best place to do this?

Answer 1

You must be kidding, comodoties is not a place for beginners my friend. Why don't you just send the money to me and I'll spend it for you, then at least one of us will be better off!

Answer 2

I'm surprised that anyone who has not ever traded commodities, but has only "heard" they are risky, would answer this question. These people are no help.They have no idea how silly they sound to someone who has leashed the dragon.

I trade futures and commodities, and some day I want to trade stocks again also. Actually I'm concentrating on Currencies right now.

You've probably already found out that Ameritrade and Scottrade don't do commodities, because these brokers must have a separate license to trade commodities.

There may be others, but I only know of one online broker that does it all. And very few of all of the online brokers out there are true Direct Access. If your trade takes more than one second to execute, then it ain't Direct Access. You won't know until the account is set up, unless you ask. Don't just ask them if they give you Direct Access to the trading floor, ask them "Will my trade execute in less than one second or less?"

Along with a very sophisticated and professional charting package and trading platform, TerraNovaOnline is the only online broker I know of that gives you all of this.

Find the articles online that have evaluated and compared online brokerages. I found a good one online in Barron's, but you'll find others in the trading magazines: Active Trader, Futures Mag, etc.

This is worth putting a little time and effort into, because it's a pain to switch, so once you choose, you're kinda stuck with it.

Townsend Electronics, the Parent company of TerraNova, is the one that digitized and electronified the Nasdaq. They are technological industry leaders and have a powerful and well built trading system.

I use RealTick at TerraNovaOnline, but it costs $275/mo. I think the Investor package is free to use, and just uses one screen. Try their demo free trial.

Their rates are good also, but of course, it depends on how often you trade. It will take you months to learn all the bells and whistles of what this program can do.

The other top-of-the line program is TradeStation, but it costs big bucks to join and operate. Some people consider it the Cadillac of trading and technical analysis.

Another expensive charting package to use is FutureSource.

TerraNova is the home of the Day Trader, so they think nothing of you making several hundred trades a day. You don't have to do that, but it's okay here if you do.

Good luck and happy trading.

Answer 3

"Greater the risk, greater the profit." I don't have an answer for you yet I do know, you'll be putting your hard earned money in an endlesss hole.

Go for Mutual Funds or the Blue Chip Stocks, these are tried and true areas that won't rip you off.