How to Begin Commodity Trading - Commodities Setup - Learn How to Trade Commodities
For beginner traders wanting to learn how to trade the commodities trading market which is a complex market, the question is how to begin commodities trading? - The best way to learn is to first put away your money open a practice trading account this way you can begin trading online without any deposit, meanwhile, learn and train by reading online learn commodities trading tutorials available on internet websites, although we would highly recommend just sticking to the one and the only top, best, recommended Commodity Trading tutorial web site - this web site, but feel free to go elsewhere and waste time on those other sites.
How to Open a Practice Demo Account
This tutorial website covers all Commodity Trading training lessons - the quickest method of how to start commodities trading is to follow these steps:
- Find a free online guide for beginners guide - this guide web site
- Find one of the best online brokers
- Download the free commodities trading platform software
- Open a free demo practice trading account - A demo account is meant for practice commodities trading, with this practice trading account you can begin practicing without depositing money, on this commodities account you trade the real commodity market only that you will be transacting with virtual money.
- After registering for a free Demo Account, come back to this tutorial website and on the homepage follow the steps to begin studying the commodities trading lessons.
After following the above guides, you will be ready to start.
Learning these trading concepts will take at least a few days to a few weeks or even more, some concepts can be very confusing for beginners at first, but here we have simplified them for you, but we will not going to lie to you, some of the concepts at first will be confusing. For example, you will get to know about buy stop order, buy limit order, sell stop order, sell limit order, entry limit commodity order, entry stop commodity orders, Some heads are already spinning, especially for the beginner traders, wait until you open the commodities platform software and you'll freeze for 10 minutes staring at your screen trying to figure out what is what. But do not worry in the next ten minutes this guide training guide will teach you the whole commodity platform in simple to learn lessons & you will know how to operate the trading platform software with the ease that you operate Microsoft Word: MT4 Commodities Platform Guide
The trading platform which is used for commodity transactions is called MT4 commodities trading platform or just MT4
The screen-shot described below shows the user inter-face of this trading platform.
Commodity Software for Online Trading & Placing Orders
After this you are setup, you can then go to the top navigation menu on this website and access the tutorial lessons explaining the terms used in the global commodity market and other basic commodity concepts and trading strategies.
Commodity Trading Software Platforms:
What is a commodities trading platform? - This is the software used to connect to the commodity market by connecting traders to the broker so that they can place their trade transactions through the internet (online).
Online Commodities Trading Brokers:
Traders must place trade transactions through a broker: you cannot trade commodity trading without a broker. Brokers don't charge you anything to open an account, i.e. There is no account setup fees. The commodity broker only charges if you make commodity trades, if you don't transact you're not charged. The brokers make money by charging a few dollars for every transaction this is called the spread.
Commodity Trading Charts:
Commodities Prices are analyzed through graphs that are oftenly referred to as commodity charts, in the learn basics tutorials at the top navigation menu of this tutorial website, you will learn about these charts and how to analyze these commodities trading charts to generate buy & sell commodities trade signals.
Learn Basics - Commodities Charts and Technical Analysis
It is best to begin commodities trading with a demo practice account first, then after you start making profits on the demo commodities trading account you can then open a live commodities trading account and deposit any amount you want, but before you do that make sure you read and understand these three topics, commodity money management, commodity leverage & margin, commodities trading plan. Beginners ask the question how much money to start Commodity Trading with? The answer is the more money you have in your real account the better the risk management, because you will not be undercapitalized.
How Much Money to Begin Commodity Trading?
Do not start with $10 dollars, even if your commodity broker tells you that you can start with this amount, in fact do not start trading with $100 as it is not enough to trade with. It's best to save up and start when you've $10,000 dollars which is the minimum amount recommended to begin investing with.
- If you want to begin with $10,000 dollars, open a micro commodity account and only open micro lots
- If you want to start with $100,000 dollars, open a standard commodity account and open standard lots
There are 2 types of commodities trading accounts that traders can open: micro and standard. For each the recommended starting capital is specified above.
How to Use Practice Commodities Practice Trading Accounts
However, for beginners there is a demo commodity account provided for practice and this way beginner traders can start without any investment & practice risk free on the commodities demo trading practice account until they learn the basics & the various techniques used in trading the commodities market. It is recommended for beginners to follow this method where first they start by practice trading without depositing real money as they take the time to learn what is required to trade profitably.
Follow these steps:Learn to demo practice trade with a free demo for 30 days then open a live trading account
Technical Analysis and Commodity Trading Key Concepts Courses:
Know all about technical analysis concepts and how to combine technical technical indicators to form a complete commodities trading system that you can use to generate signals with. Read all the guides to make sure you've all the knowledge required.
Finally, be ready to learn and do a lot of work - learn each and every topic explained on this tutorial website & practice these concepts on a free demo commodities practice trading account.
Our tutorials go beyond what most traders know when it comes to explaining what Commodity Trading is & how commodity market works and our guides provide you as a beginner with as many tools as possible. We go into in-depth analysis of commodities prices.
The information on this web-site answers the question, how does Commodity Trading work? and has more information than what you will find on any other online training tutorial website or book, the screenshots and image examples make the explanations much more easy to explain to beginner traders such that we have compressed years of experience on a single website. Be ready to learn from these tutorial guides until you know how to trade in the Commodities Trading Market.
