Quick answer…there is no easy way to make money in commodity trading. Sorry about that. No get rich quick schemes. The fact is once in a while you hear of someone who made a killing in the commodity markets.
What is reality that even when you do make money in the commodity markets it is a challenge to keep it. A select few do keep it and even compound their money. These are commodity trading advisors who have a plan and follow it with absolute discipline.
Too many believe that they can watch Business TV Channels and be told where the markets will go. Looking for tips is the surest way to lose money! Once a trader realizes that no one knows the future they start to mature as a commodity trader.
Discipline, patience,humility,prudence,perseverance, good judgement, courage and self reliance are the traits that distinguish success. These are not easy traits to have. It is very easy to get disgusted and give up. You have to want it. You have to want to succeed and know you will be doing this for the next 30 to 50 years of your life. This is what it takes. There is NOTHING easy in commodity trading. Experience and time help build these qualities.
We have learned all along the way what it takes to be successful. It is hard work. This hard work must be done day in ..day out..and many days..months..or even longer periods of time we do not make money. Then all of a sudden we stumble into some major move in something and make up and profit largely.
This is commodity trading or more so Trend Following. This is how it works. If done correctly potentially on average over a long period of time you can possibly attain mid teen results compounded. This is the goal. There are years which are wonderful and then there are years like this one…lack luster. It is all part of it. Stay disciplined, focused and let the possibilities and time work in your favor.
What is reality that even when you do make money in the commodity markets it is a challenge to keep it. A select few do keep it and even compound their money. These are commodity trading advisors who have a plan and follow it with absolute discipline.
Too many believe that they can watch Business TV Channels and be told where the markets will go. Looking for tips is the surest way to lose money! Once a trader realizes that no one knows the future they start to mature as a commodity trader.
Discipline, patience,humility,prudence,perseverance, good judgement, courage and self reliance are the traits that distinguish success. These are not easy traits to have. It is very easy to get disgusted and give up. You have to want it. You have to want to succeed and know you will be doing this for the next 30 to 50 years of your life. This is what it takes. There is NOTHING easy in commodity trading. Experience and time help build these qualities.
We have learned all along the way what it takes to be successful. It is hard work. This hard work must be done day in ..day out..and many days..months..or even longer periods of time we do not make money. Then all of a sudden we stumble into some major move in something and make up and profit largely.
This is commodity trading or more so Trend Following. This is how it works. If done correctly potentially on average over a long period of time you can possibly attain mid teen results compounded. This is the goal. There are years which are wonderful and then there are years like this one…lack luster. It is all part of it. Stay disciplined, focused and let the possibilities and time work in your favor.
