Guide to Commodity Trading Secrets

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Placing a Trade with Your Broker Before calling your broker you should have a good idea of what you would like to do. Naturally, if you are paying for her service you will be able to ask questions and request opinions in regards to the strategy and market speculation. You are paying for her expertise so you should be utilizing the services to the fullest. Included are dozens of high-performing, fully quantified stocks strategy variations based around the 2-period RSI.

You should also have a good idea of where the market is trading. It is also important to realize that if you are placing orders during times in which the market is closed you are at risk of being exposed to gapping prices on the re-open of trade. Mis-communication causes confusion and can create costly errors for you and your broker. While your broker will be able to clarify your intentions and coach you along the way, it is a good idea to be aware of the proper procedures in an attempt to avoid negative consequences for both parties involved.

Here are the most commonly used order types. If you are serious about being a trader, you should be just as serious about fully understanding each of the trading tools available to you. Order Types Sometimes it is the small details that make best books to learn about commodity trading big difference in performance. Familiarity with order types and how to properly place each of them is critical to being a successful trader.

Market prices and dynamics are ever-changing, making every second count. Regardless of whether you are trading online or through a broker, knowing the type of order you need to place and placing it accurately is vital.

Communication is the key. If you have questions about the different types of orders and how to place them verbally or online, call your broker for assistance. Market Order This is the most common order simply because it is the most convenient. A market order initiates the trade at the current market value, or the best possible price at that particular time. This means that you will be taking the bid if you are selling and taking the ask if you are buying.

Or better is the key here. If buying a contract, better is equivalent to a lower price; if selling a contract, better best books to learn about commodity trading equivalent to a higher best books to learn about commodity trading. Simply put, if you have an order to sell the mini-sized Dow at 12, and that price is the high of the day, your order may not have been filled. If the high of the day is 12, you are owed a fill.

A buy stop is best books to learn about commodity trading above the market and a sell stop is placed below the market and is subject to the possibility of slippage on the fill.

In other words, your fill price may be different that the stop price that you had originally named. This occurs because the stop becomes a market order, it is not an or better order. Stop orders are most commonly used to stop the loss of a speculative position gone bad. However, this order can also be used to enter a market. If you think that a market may continue to rally once it breaks technical resistance you may place a buy stop order to enter the market with a long position if prices rally to your stated price.

One Cancels the Other OCO This is also referred to as a contingency order because it requires that the broker cancel one of your orders should the other be filled. For example, a trader long December Corn may place a limit order above the market as a profit objective best books to learn about commodity trading a stop order beneath the market to limit the exposure to risk of an adverse price movement. If these best books to learn about commodity trading placed together as an OCO, execution of one of these orders would result in the cancellation of the other.

Keep in mind that your broker is taking on a substantial amount of responsibility with this type of order and will likely only do so on a full service basis.

However, it is also similar to a limit order because a sell order is placed above the market and a buy is placed beneath. In other words, this is a special type of limit order. Rather than the trader asking for a price or better, the trader simply wants to be filled at the best possible price should the market hit their stated MIT price.

If you are best books to learn about commodity trading to use GTC orders make sure that you properly monitor them. MOC Market On Close These orders are executed within a specified closing range, usually 3 minutes to 30 seconds, depending on the contract being traded. Electronically executed markets do not accept MOC orders. MOO Market On Open This is an order for a name contract to be executed during the opening range of the market, usually the first 3 minutes.

This typically only occurs in an open outcry environment due to the time that it takes to report fills. If this is the case, they will be unable to cancel your order simply because it has already been filled. Keep in mind that a market order cannot be best books to learn about commodity trading once it reaches the exchange floor. In some markets, fills take several minutes to be reported. Calling Your Broker State your name and account number Specify whether you are buying or selling and whether or not it is a spread State the quantity Specify the market Specify the month and, if applicable, the strike price option order Specify the price and or order type i.

Limit, Stop, GTC, etc. It is not suitable for everyone. She provides free trading education to investors at www. Backtested on over 17, trades test this new trading indicator for Leveraged ETFs and find high probability setups daily — click here now.

At Connors Research, we are using it as an overlay to many of our best strategies to make them even better -- now you can, too. The Connors Group, Inc.

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Larry has taught thousands of students around the globe on how to trade the markets. Many of his students have won trading championships, gone on to become successful money managers or trade exclusively for a living on their own see our Hall of Fame to "meet" these students. He is the "real deal" of trading Learn from the best, learn from Larry. You get instant access to all the course videos and can immediately download the course pdf manual See Larry's tools in action in today's markets!

Market Psychology Bonus 2: What is video on-demand? Basically it means the online trading course is at your beck and call. You can watch the videos when you want, as often as you want, and from where ever you want. All you will need is a high speed connection. This style of self-paced learning allows you to absorb the futures and commodities course material at a level that suits you. Plus there are not travel expenses or airport hassles.

The course has been broken into a series of videos 64 in total complimented with an 88 page seminar manual. The total video time is 4 hours and 20 minutes, but that time is packed with trading tools and chart examples. So, you will need more time to comprehend the course material and that's just what you get - more than enough time to watch and learn. You will also be able to download the futures and commodities course manual and keep it forever.

They are NOT downloaded to your computer. For this type of delivery you MUST have a high speed internet connection. If your internet connection speed is too slow, the video will constantly stop and start. It will be a very frustrating experience. So do NOT buy this course if you do not have a high speed connection.

Neither of us want this to be a bad experience! Please watch the following sample video before you decide to buy:. Not only do you get to watch all the seminar course videos, but you also get access to Larry's Swing Trading Webinar, aka live meeting, Archive. See the course tools in action - in today's markets from to Every month Larry held a webinar with students and recorded the sessions.

All those sessions from to are available for your review. Larry is one of the most trusted commodity and futures educators. He has had more best selling market books than any other educator. His market innovation surpasses everyone Larry was the first to fully analyze and develop seasonal techniques more than 30 years ago. His book, Sure Thing Commodity Trading was the very first publication on using seasonals and started an entire industry within the commodity and futures markets.

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All of these are fully revealed. Finish the course and you will know what markets Larry thinks are the best one to trade NOW and when to get in and out Larry has included bonuses to really sharpen your skills. You get 4 bonuses, the backbone of Larry's success. You had better know how to manage your money or you will lose it! Yes, he will show the good and the bad and then teach you the formula he uses now and best of all how you can customize this formula for you personally, for your own account size and risk.

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Watch all of Larry's trading lessons produced in , , and more than 60 lessons. Some great gems in there! New Members Sign Up. Learn from the best, learn from Larry You get instant access to all the course videos and can immediately download the course pdf manual Please watch the following sample video before you decide to buy: