any blog or website for trading buy or sell for commodities ?
Posted on 31. Jul, 2010 by admin in Forex

Hi there,
I learned most of the candle stick pattern and technical analysis only in youtube….. no where in India i can find this abundant information about the trading…. i trade in the domestic equity markets and commodity market…… the equity market has no relevant to the global market moves…. mostly the open gap up or down only is picked from the global market…….
But the commodity market like Gold, silver, copper, Nickel, Crude oil, etc…. are working exact tick by tick…. what ever be in the global market …. has the same reaction here in domestic markets too…
I am in search of some blog or a place where many people share their strategy, buy or sell about the commodity market …….. i found few about the FOREX in this http://www.freshpips.com/
It will really helpful…. to know some better place to learn about the real time buy or sell strategy.
With regards,
Gane
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vvswarup
31. Jul, 2010
There are discount brokers for which one of the products offered to clients is commodities trading. However, I strongly advise against you trading commodities on your own. Trading commodities is not like trading stocks. It is very complicated. For example, the short-term risk of trading oil is very risky, even though long-term risk is lower. Commodities trading requires large amounts of capital.
If you would like to invest in commodities, it is not necessary to trade commodities directly. There are several commodity-oriented ETFs and mutual funds. Also, you can buy stock in companies sensitive to the commodity market. For example, instead of investing in oil futures or oil ETFs, it is possible to buy stock in an oil company such as Exxon Mobil or Conoco Philips.
I strongly advise against trading commodities yourself. The short-term risk is astronomical as the price is very volatile. Also, large amounts of capital are required.
Jim
31. Jul, 2010
If you are still a newbie, I suggest you to try Marketiva. They have a very nice trading platform and it is very easy to use. They also give you 5$ for free to start trading without depositing your own funds.
They have multilingual support and chat channels where you can talk with other traders.
For more details you can visit: http://www.brokers4forex.com/preferred-forex-brokers/marketiva-trade-forex-with-5-free.html
Dave
31. Jul, 2010
There is a membership video site for gold and silver, they report daily on gld and slv. http://goldsilvertradealerts.com