Commodity Future Trading
Commodity Future Trading
Trading in commodity futures is just the perfect business if you know the tricks and can take the right decisions. It is not too difficult to make a quick buck when commodities make a big move. The idea is to learn how to identify the start of a big move and place yourself in the market in such a way so that you can leverage this opportunity.
The history of commodity future trading is also very interesting. The first recorded instance of futures trading occurred with rice in as early as 17th century Japan. There is also evidence that there were futures trading in rice in China 6,000 years back. In the US, futures trading started in the grain markets in the middle of the 19th Century. The Chicago Board of Trade was established in 1848. In the 1870s and 1880s, the New York Coffee, Cotton and Produce Exchanges were set up. Today, there are 10 commodity exchanges in the US. The largest are the Chicago Board of Trade, the Chicago Mercantile Exchange, the New York Mercantile Exchange, the New York Commodity Exchange and the New York Coffee, Sugar and Cocoa Exchange.
What you need to know to carry out future trading
Trading methods:
- How to trade index futures contracts.
- How to spot and trade high profit chart patterns.
- Patters in the first hour that will specifically show you whether or not the market will trend for the entire day or not.
- How to calculate tomorrow's Highs and Lows in any market.
- Techniques for the first hour of trading to make 2 to 4 points in the first hour.
Money management:
- How to develop your personal trading plan.
- Money management strategies.
- Step-by-step trading rules with Entry, Stop, Exit and Profit Targets for each type of trade.
- How to minimize risk and maximize reward for each trade setup.
- Exit for all positions so you can maximize profits and retain profitable positions.
Mind control techniques:
- How to spot trading opportunities within minutes on any chart and take the signals with confidence.
- How to erase past negative images.
- How to prepare for a day, what to read, and what not to watch.
- How to analyze a day to improve your results for tomorrow.
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