I am interested in learning how to speculate effectively. Any suggestions from day traders?
2006-10-31 07:26:13 · 3 answers · asked by AngusB 1 in Business & Finance ➔ Investing
Use a bunch of indicators.
I used to use Ken Roberts and Larry Williams graphs of where the "big Traders" are and commercial changes.
Keep in mind most people loose on the Commodities Trade, so using a bunch of indicators helps.
2006-10-31 07:28:18 · answer #1 · answered by Liberty against the NWO 3 · 0⤊ 0⤋
In a word, very. Data available from Commodity Futures Trading Commission suggest that professional commodity traders (registered with CFTC as Commodity Pool Operators and Commodity Trading Advisors) have an annual attrition rate of 15%; in other words, half of all traders active today will quit within four years.
2006-10-31 10:05:13 · answer #2 · answered by NC 7 · 0⤊ 0⤋
Hard.
Most newbies lose.
Start very small - don't try to make a million in the first day. Just learn the ropes for a month or so. Specialize in a few markets. Get a feel for how outside political events and macroeconomic developments affect prices. Learn the ins and outs of special types of trade with small deals. Get data sources on weather if you're doing agricultural commodities.
And never ever ever meet a margin call.
And even if you do everything right, you still might lose money.
2006-10-31 07:37:43 · answer #3 · answered by Anonymous · 2⤊ 0⤋