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Bad Commodity Trading
Bad commodity trading habits lead to bad commodity trading results. Beginning traders will often start with simulation trading and they will do great. When they switch to real time commodity trading the same folks who posted record profits in the simulation world will crash and burn. There are a number of reasons for on onset of bad commodity trading and these reasons are not just limited to beginners. Trading psychology has a lot to do with good habits turning into bad commodity trading habits. The old enemies of commodity trader, greed and fear, are not a problem when trading is not “for real” but raise their ugly heads at the thought of making or losing real money. To help avoid bad habits that lead to bad commodity trading it is useful to take Commodity and Futures Training. It is also very wise to learn, practice, and use the time honored technical analysis tools that made rice traders rich in ancient Japan. Candlestick basics originated over three hundred years ago and this very insightful, very visual system of following the commodity market can lead to very positive results. Using Candlestick charting techniques and Candlestick trading tactics can help the trader stay away from the bad habits that creep into the best commodity trading strategy.
Simulation or “paper” trading is basic to learning commodities trading, options trading, stock trading and the like. Trading software will have historical data that will allow the trader to work in “real life” trading situations. Using the time and psychological space afforded by these practice sessions the savvy trader will develop a sound trading strategy that can carry over to live commodity trading. Experienced traders will typically trade the same in simulated settings as they do in live trading. The trap that will lead inexperienced traders into bad commodity trading decisions is the impulse to “wing it” once in a live situation. Here is where the use of a tried and true set of technical indicators is necessary. Here is where learning the indicators and using them is critical. Use of Candlestick pattern formations to predict the commodities price movement has worked for over three centuries.
4. When they switch to real
time commodity
trading the same folks
who posted record profits
in the simulation world will
crash and burn.
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5. There are a number of
reasons for on onset of
bad commodity trading
and these reasons are not
just limited to beginners.
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6. Trading psychology has a
lot to do with good habits
turning into bad
commodity trading habits.
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7. The old enemies of commodity
trader, greed and fear, are not a
problem when trading is not “for
real” but raise their ugly heads
at the thought of making or
losing real money.
www.CandlestickForums.com
8. To help avoid bad habits
that lead to bad
commodity trading it is
useful to take Commodity
and Futures Training.
www.CandlestickForums.com
9. It is also very wise to
learn, practice, and use
the time honored technical
analysis tools that made
rice traders rich in ancient
Japan.
www.CandlestickForums.com
10. Candlestick basics originated
over three hundred years ago
and this very insightful, very
visual system of following
the commodity market can lead
to very positive results.
www.CandlestickForums.com
11. Using Candlestick charting
techniques and Candlestick
trading tactics can help the
trader stay away from the bad
habits that creep into the best
commodity trading strategy.
www.CandlestickForums.com
12. Simulation or “paper”
trading is basic to
learning commodities
trading, options
trading, stock trading and
the like.
www.CandlestickForums.com
13. Trading software will have
historical data that will
allow the trader to work in
“real life” trading
situations.
www.CandlestickForums.com
14. Using the time and psychological
space afforded by these practice
sessions the savvy trader will
develop a sound trading
strategy that can carry over to live
commodity trading.
www.CandlestickForums.com
16. The trap that will lead
inexperienced traders into
bad commodity trading
decisions is the impulse to
“wing it” once in a live
situation.
www.CandlestickForums.com
17. Here is where the use of a
tried and true set
of technical indicators is
necessary.
www.CandlestickForums.com
18. Here is where learning the
indicators and using them
is critical.
www.CandlestickForums.com
19. Use of Candlestick pattern
formations to predict the
commodities price
movement has worked for
over three centuries.
www.CandlestickForums.com
20. When the inexperienced trader
enters into the real world of
commodities trading is the time to
apply what he or she has learned
about the use of Candlestick
analysis and not to forsake it.
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21. An excellent rule for a
beginning trader to follow
is that if you don’t
understand the
trade, don’t get into it.
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23. Because trading history
repeats itself the use
of Candlestick patterns gives
the trader a very reasonable
expectation of making a profit
on a trade.
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24. What is required is the
discipline to apply what is
known at the right time.
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25. Using a well thought out
trading strategy will lead
to profits. Using the right
tools to make a profit
reinforces the use of the
strategy.
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26. When the trader loses money
on a trade when he or she
did not expect to it is time to
reevaluate trading strategies,
not to wing in on the next
trade.
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27. Practicing good trading
habits leads to good
commodity trading and
letting fear and greed get
in the way leads to bad
commodity trading.
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28. Good trading goes with good
management of investment
risk. Setting limits and
keeping track of both success
and failure will lead to good
long term results.
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