(Newswire.net – July 07 2013) Chicago, IL – This year marks the 30th anniversary of “Trading Places”, which is probably the best movie ever made about commodity trading. Starring in the movie were Eddy Murphy, Dan Aykroyd and Jamie Lee Curtis. All commodity and futures traders should watch this movie.
Commodity trading began in Medieval Europe with traders called the Pied Poudres (Men Of Dusty Feet) who would go from town to town trading commodities. Commodity exchanges can now be found around the world. Futures contracts are traded on commodity exchanges like the Chicago Mercantile Exchange.
Here is basically how it works for the farmer and the producer. A wheat farmer can sell a future contract on his wheat, which will not be harvested for several months and guarantee the price he will be paid when he delivers; a bread producer buys the contract now and guarantees the price will not go up when it is delivered. This protects the wheat farmer from price drops and the wheat buyer from price rises.
Commodity traders are a very brave lot and trade a very volatile and high risk market where fortunes are made and lost every year. These traders play a very important role by adding liquidity to the marketplace. It is not a place for the timid investor who does not have risk capital that they can afford to lose.
Traders are attracted to commodity trading due to many factors including the thrill of trading, the opportunity for profits and the huge leverage it offers. Speculators can trade a variety of contracts including; Live Cattle, Lean Hogs, Corn, Soybeans, Wheat, Gold, Silver, Copper, Crude Oil, RBOB, Natural Gas, British Pound, Canadian Dollar, Euro FX, T Bonds, SP 500, Dow, and the Nasdaq 100.
For 20 years Acommodity.com has been providing this unique group of traders with information about trading and has just redesigned and launched it’s new site. The new website now offers daily blog post, articles, videos, news and chart updates about commodity and futures trading and a trend trading course.
The New Trend Trading Course covers these important concepts:
- How To Limit Losses And How To Let Profits Run
- How To Trade The Trends
- Which Contracts You Should Be Trading And Which Ones To Avoid
- Which Technical Analysis Indicators to Use
- How To Identify New Bullish and Bearish Trends
- How To Enter Trades For Going Long And Short
- How To Place Protective Stops And When And Where To Move Them
- How To Exit Trades With Protective Stops And Divergence
- How To Read Technical Analysis Indicators
For more info about commodity and futures trading visit : http://www.Acommodity.com
Author : Guy Edrington is an independent journalist and president of New World Trading Ltd.
Media Contact :
New World Trading Ltd.
8326 Albert Bouwers Circle
Ottawa, Ontario, Canada K0A 2P0
Téléphone : 1-613-821-3824