Commodities

Trading Commodities isn't for Everyone - Reality Check.

Commodity trading is risky as all get out as far as investing and speculating goes, and about 90% of commodities traders are said to lose money consistently for at least the first few years of their trading careers. They're also doomed to celibacy.

If you want to trade commodities, forget about the 20 minutes a day, work from home, make a fortune trading in your undies and a cowboy hat with a big Cuban toke hanging from your lips scenario you hear from the course vendor contingent.

Trading commodities may be simple, but it aint that easy, especially for a newbie.

You're looking at about 2-3 years at least of diligent...and I DO mean diligent...studying of commodities charts. Get ready to eat-sleep-breathe and talk nothing but commodities and trading for the next few years. And while you're at it, you can kiss connubial bliss goodbye.

Wives hate the whole idea of commodities trading. It takes discretionary income away from the credit card account, and that's unacceptable to any self respecting wife. You'd better get used to sleeping in your computer chair. Take it from me, the only women who get involved in commodities are weird and single. I know. I'm one of them.

Be very wary of commodities course or system sellers who lead you to believe that you can make huge profits in a very short time, with very little study or practice. They always have THE Never Before Made Public Trading Secret which they're disclosing to YOU for a limited time only for the paltry sum of $197 and change, and if you sign up before midnight you'll get the following bonus items worth $943, absolutely FR*EE.

While you CAN make large profits trading commodities, the chances of this happening to you in your first years of trading are very slim... and in fact if it does happen, it could be the very worst thing that happens to you in your trading career.

Why? Because it will give you a false sense of your own abilities as a commodities trader and set you up to take reckless trades that you would (hopefully) never have done if you lost money regularly like the rest of us poor sods.

They keep telling us the commodities markets are lifeless, soulless things without a malicious bone in their non-existent bodies and taking out your stops is nothing personal - I don't believe it! Those markets KNOW when you're all cocky and full of confidence and they just can't stand to see a trader thinking he's got them licked.

A commodities trader turned vendor once asked me to illustrate his course, and I spent endless nights working til dawn faithfully rendering the markets as I saw them - ghoulish monstrous beings with dripping traders' heads on chains around their waists, you know, an accurate rendition; but when he saw them he threw a fit and told me the markets were gentle, peaceful, benevolent fairy-like entities, what was I thinking?

Well the markets got him big time, maybe it was the fairy word, anyway they had it in for him so bad after that, that he never had a winning year in commodities which just goes to show how relentless they are, and it doesn't help to try sucking up to them.

More to follow on Commodities.

-shaggy

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