Are there people making money trading commodities ?
September 3, 2010 by TheRainMaker
Filed under Stocks & Options Trading Tips
Question by alec: Are there people making money trading commodities ?
How does one become a commodity trader ? Can one become really good at it ?
Best answer:
Answer by Meme
My husband tried this. Didn’t turn out well and I would not advise trying this unless you know you have money you can afford to lose.
What do you think? Answer below!
You can trade commodities just like stock. You just need to know the symbol of them. I actually prefer to trade commodities over stock because they have no earning or “sudden surprises” Like a government investigation or something.
Yes. I am. My partner and I have made 1000% since last may. We trade options on oil and silver futures. Because of leverage you can make insane returns.
We are in the midst of a perfect storm in the economy. The federal reserve is a corrupt organization. Its a private NON GOVERNMENT organization that is in charge of printing the money supply. They manipulate the economy by increasing the money supply and then contracting it. they make money both ways. They are the cause of depressions and inflation. Currently they are expanding the money supply resulting in inflation. This is pushing up prices for all commodities. Eventually they will pull the plug creating a depression.
Unfortunately people are ignorant and stupid. practically everyone is illiterate and no one studies history. The federal government could erase the national debt in a year or 2 and fix the economy virtually over night if they printed their own money and circulated it instead of buying central bank notes (look at a paper note). We pay interest on the money we borrow from the central banks and this compounds. This eats up a HUGE amount of the tax we pay. This could be eliminated overnight if we did away with the central bank fractional reserve system we have.
Oh, and by the way. We are in peak oil. this means we are at the limit of how much oil we can extract from the ground. this is why oil prices are increasing. In the next few years production will start to decline resulting in skyrocketing prices. ($300 plus soon) The economy as we know it will enter into irreversable decline at the same time as the fed pulls the plug. We should have been investing in alternative energy for the past 30 years. But we didn’t and its too late.
I’m buying oil and silver contracts with every cent I have. I’ve maxed out my line of credit and 3 credit cards I’m that sure. I’ll make 200,000% in the next 18 months. I’m going to exchange my money (which will collapse) for gold and land. Then I’m off to a self sustaining ranch/farm in a safe location. I expect that 2-4 billion people will perish within a generation.
Fortunately everyone will dimiss this as crazy. But remember what I said, because it will happen.
1) Yes. (Billions)
2) MBA (Ivy League) is usually a good way to start.
3) Yes.
Yes there are many people making a very good living trading commodities,
You can be good at anything, if you are willing to put a mjor effort into it.
Start by educating yourself about commodities, there are many websites that provide free information. Just have to be ambitious enoght to go look for them.
In this business, no one hands you any thing, just have to go out and bust your butt working for it,