A Suggestive Approach To Commodity Trading Discipline And Trade Management
Much of successful trading, like economics, comes from making small changes that over time, affect the big picture. Applicants should possess strong writing and analytical skills, and preferably, possess experience with financial instruments – commodities, derivatives, securities, and forex; completed coursework related to econometrics, data analysis techniques and financial regulation is also highly desirable.
Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all high degree of leverage can work against you as well as for you.Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.
H.M. Gartley states in his book, Profits in the Stock Market” (1935, Lambert-Gann Publishing): If a breakaway gap is covered in several days by a rally or decline which halts short of the previous minor bottom or top, another gap in the same area may be expected.” Gartley’s point is that if a breakaway gap gets filled shortly after appearing and the previous top or bottom is not taken out, then expect to see another gap in the same general area.
Of course usually it takes longer” for the price to go up and shorter” to go down, because price goes up because of greed, and it goes down because of fear, and fear is much stronger than greed, and so it causes the price to go down much faster compared to the time it goes up. That’s why when you buy, they say you have a long position, because it may take a longer time for the price to go up. And when you sell, they say you have a short position because it may take a shorter time for the price to go down.
Indian benchmark indices were trading flat in the afternoon trade with the Nifty marginally up 0.07 percent, up 7.45 points while the Sensex was still trading in the red, down 18 points at 33023.74. The midcap index outperformed the broader indices in the afternoon trade which added 0.46 percent led by IFCI, IDBI Bank, HPCL, India Cements, Steel Authority of India and Petronet LNG.
Commodities are falling because the dollar is rising, and because commodity prices had risen to such a degree that increased exploration and production kicked in. Bond yields, particular the real yield on 5-yr TIPS are rising, as the market gains more confidence in the economy’s ability to grow, and as investors become less risk averse—unwilling to accept negative real yields in exchange for protection against rising inflation and a slumping economy.
Tata Sons, the promoter of the Tata Group companies, filed its annual return with the Registrar of Companies for FY17 in which it has reported a 73 percent fall in net profit at Rs 824 crore, and a 23 percent growth in revenue at Rs 9,985 crore on a standalone basis, reports The Economic Times.
The main results were: that while global demand shocks account for the largest share of oil price fluctuations, speculation is the second most important driver; the comovement between oil prices and the prices of other commodities is explained by global demand and speculative shocks; and the increase in oil prices over the last decade is mainly driven by the strength of global demand.
NSE Academy Certified Currency and Commodity Markets is useful for individuals who want to become professional traders in the currency and commodity Investors, Retail Traders, Brokers and Sub brokers, Financial Service Professionals, students preferring to build their careers in the currency and commodity markets can also benefit from this course.