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...
I believe gold prices will move higher over the long term,
but there are some warning signs in this market that I can’t ignore. The most
notable one is the outside bar reversal on the weekly charts at the beginning
of September. I also get the feeling that the general worry barometer has
dropped in recent weeks and that can be...
The price of gold has been trading sideways to lower during
the last couple months. This is typical of the gold market after it has a
strong run higher and it just can’t get the steady flow of “bad” news to
support the ever-increasing prices. Prices have started to bounce slightly in
this long-term bull market, but this might not be...
A good case can be made for the copper market to be a star performer among commodities in the next few years. However, you wouldn’t know it by the price action lately. Copper futures prices are down about 25% from 2018 and have lost about half their value since the all-time high set in 2011. Copper has...
The energy markets became riled over the weekend as Saudi
Arabia took a major hit to oil production/distribution capabilities from drone
attacks. Fingers are pointing at Iran and they have deferred to Yemen. The big
issue here is whether this is the beginning of regular attacks and the
disruption of oil flowing onto the markets or was it an isolated event?
