I would think fx more difficult and time consuming...more fake outs....?
What kind of Commodities do you trade?
- Thread starter atypic_defense
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it looks good in modeling but just wonder what impact the spreads are going to have on profits.
I downloaded fx data for a year via Norgate but after scrutinizing decided for me it had too much randomness / volatility.
Metal commodities had been my favourite, one reason being I live in a State with probably the highest global exposure to mining and the news here is very fixated on metals. Western Australia's economy is very highly leveraged to metals, in particular iron ore and gold. Whereas QLD is more coal country, and fund managers are moving away from this.
Mining though is hugely cyclical and goes thru booms and busts, good for realestate speculators as mining employees are driven into and out of the region.
These days I trade anything, fintech had a recent run and I did ok there.
I also like gaming stocks.
Transport might be a goer from here, airports, agencies....
Isn’t that because they are nominated in dollar?
They are denominated in Indian rupee, which i focus here on MCX Exchange..First of all, to trade commodities, the fundamentals are includes trade around the world, demand suplly and importance of United states dollar...Dollar is very important to be considered when you trade commodities, especially USD...
Unfortunately only Indian Nationals can trade MCX products
Yes...But new Chinese copper futures can be traded by internationals also...I hope they also introduce rest of industrial metals for internationals.
Oanda got several types of metals for people in other parts of the world
I just do covered calls for income. I'll buy things like JO Coffee and SLV Silver.
But I consider things like EFTs, RING (gold mining stocks) and MOO (ag stocks) a way to play sectors without dealing with the commodities themselves. Also if you deal in sector leaders of the commodity, you may be safer than playing the commodity...ADM, BG, XOM, BP, HRL, TSN.
But I consider things like EFTs, RING (gold mining stocks) and MOO (ag stocks) a way to play sectors without dealing with the commodities themselves. Also if you deal in sector leaders of the commodity, you may be safer than playing the commodity...ADM, BG, XOM, BP, HRL, TSN.
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