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<blockquote data-quote="vantexan" data-source="post: 4737203" data-attributes="member: 24302"><p>Chief, before you get into commodities trading you have to have a knowledge of technical and fundamental analysis.&nbsp; You&#039;ve got to understand the mechanics of making a trade.&nbsp; What to do to protect your position.&nbsp; Moves at a much faster rate than trading stocks, and because you&#039;re highly leveraged you can lose a lot more than you initially invested, and very quickly.&nbsp; But I will give you this, I was 32 and new to trading.&nbsp; I turned $4300 into $11000 in 17 small trades before I caught a large move up in coffee futures.&nbsp; Every indication was that coffee potentially had a huge move coming.&nbsp; I held on when I shouldn&#039;t.&nbsp; As I mentioned in futures you&#039;re&nbsp; highly leveraged.&nbsp; A move against you in a volatile market can result in large losses very quickly, as my lack of trading experience found out.&nbsp; I exited with $7000 in profit.&nbsp; Then a freeze warning in Brazil skyrocketed the market the day after I exited.&nbsp; If I had been able to hold on I would&#039;ve made enough to leave FedEx after taxes and retire at 32.&nbsp; Such is life.&nbsp; Now I&#039;m sure you&#039;ll pick this apart and tell me what a fool I was.&nbsp; At least I tried.</p></blockquote><p></p>

[QUOTE="vantexan, post: 4737203, member: 24302"] Chief, before you get into commodities trading you have to have a knowledge of technical and fundamental analysis. You've got to understand the mechanics of making a trade. What to do to protect your position. Moves at a much faster rate than trading stocks, and because you're highly leveraged you can lose a lot more than you initially invested, and very quickly. But I will give you this, I was 32 and new to trading. I turned $4300 into $11000 in 17 small trades before I caught a large move up in coffee futures. Every indication was that coffee potentially had a huge move coming. I held on when I shouldn't. As I mentioned in futures you're highly leveraged. A move against you in a volatile market can result in large losses very quickly, as my lack of trading experience found out. I exited with $7000 in profit. Then a freeze warning in Brazil skyrocketed the market the day after I exited. If I had been able to hold on I would've made enough to leave FedEx after taxes and retire at 32. Such is life. Now I'm sure you'll pick this apart and tell me what a fool I was. At least I tried. [/QUOTE]

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