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    Before You Start Trading Commodities Online

    Once you chose a commodity broker to trade online and get your account approved for trading, you will have to fund the account. There are many theories on the account size you should begin with, but it is completely up to your comfort level and risk tolerance.

    Now, before you begin trading real money, I would strongly suggest that you have a well researched trading plan in place before you risk any money. I would also recommend using your commodity broker’s simulated trading platform before you start with live trading. This will get you familiar with placing orders and it could save you from making some critical order entry errors with real money.
    My final words of advice before you begin trading commodities online is to choose your trades wisely and avoid overtrading. If you find yourself placing a flurry of trades and look back at the end of the day wondering what happened – you are overtrading. That is one of the greatest downfalls of most commodity traders.

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  • Rabindra Kayastha

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