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Commodity Market History

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Commodity Market History

Knowing commodity market history allows us to know what the commodities markets will do next. Whether you are buying stock, trading options, selling futures, or trading commodities, knowledge of market history is essential. Trading software has market history built into its programs. Thus commodity traders who are trading online can do simulation trading with real commodity market conditions. More to the point keeping track of commodity market history goes back as far as when Candlestick basics were new. Traders kept track of what happened when certain Candlestick chart formations developed. The use of technical analysis tools such as Candlestick charting allows traders to predict market moves using market history. A good way to learn to use technical analysis based on commodity market history to your advantage is to take commodity and futures training.

The reason traders keep track of commodity market history is that this history repeats itself. Thus patterns, such as Candlestick pattern formations, are predictive of continuing market trends or market reversal. Although a trader may be steeped in fundamental analysis of a commodity he or she still needs to be attuned to technical analysis indicators because these predict the actions of large groups of traders in live market conditions. There really is a déjà vu character to what is essentially trading using commodity market history as a guide. When true market history is packaged and schematized the trader should not forget that those neat little figures on the chart are really representations of many trading sessions in many commodities. They are predictors of how real traders, in groups, will react to market conditions and to each other to create the next state of trading in commodities.

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  • 1. Commodity Market History By www.CandlestickForums.com
  • 2. Knowing commodity market historyallows us to know what the commodities markets will do next. www.CandlestickForums.com
  • 3. Whether you are buying stock, trading options, selling futures, or trading commodities, knowledge of market history is essential. www.CandlestickForums.com
  • 4. Trading software has market history built into its programs. Thus commodity traders who are trading online can do simulation trading with real commodity market conditions. www.CandlestickForums.com
  • 5. More to the point keeping track ofcommodity market history goes back as far as when Candlestick basics were new. www.CandlestickForums.com
  • 6. Traders kept track of what happened when certain Candlestick chart formations developed. www.CandlestickForums.com
  • 7. The use of technical analysis tools suchas Candlestick charting allows traders to predict market moves using market history. www.CandlestickForums.com
  • 8. A good way to learn to use technicalanalysis based on commodity market history to your advantage is to take commodity and futures training. www.CandlestickForums.com
  • 9. The reason traders keep track of commodity market history is that thishistory repeats itself. Thus patterns, such as Candlestick pattern formations, are predictive of continuing market trends or market reversal. www.CandlestickForums.com
  • 10. Although a trader may be steeped infundamental analysis of a commodity he or she still needs to be attuned to technical analysis indicators becausethese predict the actions of large groups of traders in live market conditions. www.CandlestickForums.com
  • 11. There really is a déjà vu character to what is essentially trading usingcommodity market history as a guide. www.CandlestickForums.com
  • 12. When true market history is packagedand schematized the trader should not forget that those neat little figures onthe chart are really representations of many trading sessions in many commodities. www.CandlestickForums.com
  • 13. They are predictors of how real traders, in groups, will react to market conditions and to each other to createthe next state of trading in commodities. www.CandlestickForums.com
  • 14. In trading commodities you can buy andsell futures on everything from gold and copper to live cattle or interest rates. You can also trade options. www.CandlestickForums.com
  • 15. The distillation of commodity markethistory in Candlestick chart patterns will help with selling puts, selling calls, buying puts, and buying calls on commodities futures just as much as it helps trading futures directly. www.CandlestickForums.com
  • 16. The presence of a sufficient number oftraders in a sufficiently volatile marketwill end up creating patterns as tradersreact to fundamentals of the market as to each other’s trades. www.CandlestickForums.com
  • 17. Although each trader will dofundamental commodity analysis as well as analysis of technical factors, the fact that one trade is entered at a timechanges the market ever so slightly with each trade. www.CandlestickForums.com
  • 18. Thus all traders minus one areconfronted with a slightly different situation. www.CandlestickForums.com
  • 19. As trades are executed the marketchanges, traders reevaluate, change tactics, and patterns develop. www.CandlestickForums.com
  • 20. The wise trader will always use tradinganalysis tools and be mindful of the factthat history continually repeats itself on a commodities exchange. www.CandlestickForums.com
  • 21. It is this realization that every day creates market history and that historyrepeats itself in the form of recognizableprice patterns that gives the wise trader an advantage. www.CandlestickForums.com
  • 22. This is what Japanese rice traders realized centuries ago. www.CandlestickForums.com
  • 23. The use of Candlestick chartingtechniques gave these traders an edge on those who only looked at market fundamentals. www.CandlestickForums.com