Each brokerage firm sets their minimum starting size for
accounts. Normally, it starts at $5,000,
but I have seen them as low as $1,000.
It is common for first-time traders to start trading with a $5,000 to
$10,000 account. However, there is a
learning curve with trading futures and the account size should fit the
experience level, financial situation of the trader, markets...
One of the single best things you can do to further your
education in trading commodities is to keep thorough records of your
trades. Maintaining good records
requires discipline, just like good trading.
Why Keep Trading Records?
Most professional traders, and those who consistently make
money from trading commodities, keep diligent records of...
Having a strategy for when
and how to take profits on futures
trades is one of the more important aspects of the business of trading. New commodity traders are often conflicted
with the emotions of fear and greed.
Fear will often cause traders to take profits too early and greed often
causes traders to stay in a trade too long and give...
Live cattle futures have recovered all the losses from the Tyson
plant fire in August. The market now stands at solid resistance from a prior
chart consolidation and a 62 percent retracement from highs back in April.
I still see the market as being bullish. The fundamental side looks good as packers still have solid...
Traders in the lean hog markets have waged a battle whether
China will begin importing massive amounts of pork in the near future or not.
China is in great need of replacement pork as much of their herd was wiped out
this year due to the swine flu. China has a healthy appetite for pork and it
seems like it is...
