This course covers following contents >
Basics of commodity Trading
Understanding derivatives
Pricing on future contract
Crude oil basics and application
Process, steps ,Skills , crude oil details and reports for crude oil trading
Technical Analysis
- Technical Indicators
- Candlesticks
- Pivot points, Fibonacci and Trendlines
-Option chain and it application to use for option trader (Process)
Crude oil fundamentals
Trading in crude oil with technical Analysis
Natural gas basic concepts
Trading in natural gas with technical Analysis
Trading phycology and qualities of good trader
Note:
Advice for trader to followed to be profitable:
1. Trader should use paper trading before doing live trading in crude oil and natural gas
2. He should aware of fundamentals properly before doing trading with technical analysis
3. Trader should track reports publish report on different supporting web sites for crude oil and natural gas so he can judge better way in his trades
4. The best strategy is support and resistance to take trade
5. He should practice technical indicators on off line chart for best use in live market and see output
6. Maximum 3 to 5 indicators used and they should confirm trade
7. Always use stop loss and if required trailing stop loss in case to be used as per profit
8. trader should use multi frame analysis to get broad view.
9. Trader should be use strategy which he is comfortable while day to day trading
10. Trade when market has momentum and do not chase momentum
11. Stick to your trading plan
12. should avoid overtrading and do trade when trade is feasible
Major Tricks ( Commodity Trading - Trading Crude Oil Steps,Risk Management Techniques in Crude Oil Trading,, Crude Oil Trading Strategies).
Major Tricks ( Movement of the price of natural gas,Natural gas trading strategies,Breakout trading strategy,Range trading strategy).