Feedback
Got a suggestion for improvement? Anything goes.
Found a bug? Let us know. For other inquries feel free to contact us about anything at all.
Call to action
Depvana's growth is 100% powered by word of mouth. If you want to help: tell a friend! Let your group chats know, let people know of Depvana.
Depvana •
about •
legal •
contact •
Depvana is independent. Help keep it that way.
© 2024 Depvana aps.
Login to add a hashtag.
Hashtags
Bookmark
Rss
Topic Learning how to trade commodities
Public room public room
All related to learning how to trade commodities
View Subtopics
No. 34
318
5
0
More
Copy link
Report
Encrypt
Encrypt post text
Encryption Key
Repeat Key
Encrypt
Encrypt post text before posting. Choose an encryption key to encrypt your post with. Be sure to remember this key, as it is the only way to decrypt and view the content again. Only share this key with individuals you want to be able to decrypt your post.
Note that all encryption is performed locally, and no one will be able to recover the content if you lose this key.
Visible to the public Public post
Attachments • images • video webm/mp4 • max size 4096KiB.
Attachments • images • video • max 4MB.
Filter  โ€ข  Newest
Newest
Sort posts in decending order by date
Oldest
Sort posts in ascending order by date
Compact View Mode
No.39 • 
chucknorris@9 
More
Options
Copy link
Report
Which commodities?

Commodities are complex, with interconnected relationships. This is at the best of times, you add in the turbulent geopolitics at present and things get messy for those not used to the volatility.

I'd say feelinsg are all good - but only if you have an underlying knowledge base of the commodity you are trading. Otherwise it's a guess.

Good luck.
No.37 • 
frank@19 
More
Options
Copy link
Report
I will repeat the comments made to me earlier this year.

1/ You must have a trading edge; a system that means that statistically you will win, if you cut losses short. This can be based on Technical Analysis, Fundamental Analysis or a combination of both.

2/ You canโ€™t trade without stop losses. Occasionally you will find that your stop loss is passed by a gap but mostly it will save you massive losses.

3/ Leverage means that you ca make infinite wins but you can make infinite losses.

4/ Mark Douglas videos were recommended and there is a particular series of 4 that are a good starting point. They might seem slow but each session has value to ease you into his final message: to win, you need consistent gains.

5/ Donโ€™t get sucked in to believe that you are a great trader because you had a win or 3. You must rely on a statistically significant success rate. Even a 50% hit rate will make you money as long as the 50% losses are cut short by a stop loss.

6/ Find a trading strategy that suits your temperament and back test it, before you live trade.

7/ If you canโ€™t control your emotions you need a system for controlling the outcomes. Emotions will make you sell low and buy high. They have to be managed.

All of the above has sent me down a rabbit hole of learning. I havenโ€™t traded since losing what to me was a substantial amount of money. The shock jolted me out of being lazy and just gambling.

Good luck
No.36 • 
catarina@20 
More
Options
Copy link
Report
>
When you say pick a market, you mean a specific commodity? like coffee, oil, sugar etc or one of the General Markets like Stocks, Forex, Commodity?
No.35 • 
novelmacaroni@7 
More
Options
Copy link
Report
I trade commodities for a living (ags mostly). Here is my advice.

Read all of the market wizard books.

Learn what risk control is and how to implement it.

Read them all again

Pick a market and learn everything you can about it

Start trading it risking no more than 2% of your capital per trade

After 100 trades repeat the whole process again!