Commodity Trading Learning

Commodity trading learning in the correct manner requires you to find a successful trader and have him or her teach you exactly how they do it. However, chances are strong that even if you did find such a person and even if the person would be willing to spend the time with you, it would not necessarily make you a successful trader.

One of the reasons for this is that commodity trading learning is not the only criteria to make a person a successful trader; you might not have the capital necessary to trade the way they do. What is definitely required is to have the years of experience that helps in developing a successful approach. Another reason is that you might or might not have the personality profile necessary to execute the style of trading.

Another way to commodity trading learning is by trial and error. This is the method that most people use although they probably don’t realize it. The trouble with trial and error in futures trading is that you don’t always take a loss when you trade incorrectly and you don’t always make a profit when you trade correctly. Some of the best methods generate losses more than half the time. Therefore it is difficult to determine definite rules of trading through trial and error.

Another way for commodity trading learning is to read books. In India it is possible to find the best books by the most respected authors and the best traders and learn from them. However, one of the few real secrets in commodity trading is that most of what you read in books about how to trade does not work in the real world. Even books by respected authors are full of trading methods that lose money when put to the test.

Therefore commodity trading learning is basically a combination of being exposed to ideas plus practical experience watching the markets on a day-to-day basis. This is not something that can happen in only a few weeks. On the other hand, you can become a great trader even with only average intelligence.

One of the most important things to remember is that to be successful in the commodity trading in Indian markets you don’t have to invent some complex approach that only a nuclear physicist could understand. In fact, it has been noted in the past, in the Indian markets that the most successful trading plans tend to be simple. They follow the general principles of correct commodity trading in a more or less unique way.