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Online Commodity Trading

Written by ForexCult Team
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Online Commodity Trading In this article, I would like to take the time to tell you about online commodity trading. In case you are new to online commodity trading you may or may not know about the twelve golden rules that are associated with being a successful trader however, I would like to take the time to tell you about them as well. Before you take that leap of faith and begin trading online commodities it is very important that you take the time to realize that online commodity trading is not meant for everyone out there because of the fact that online commodity trading consists of a level of leverage that can in turn lead to the ability to make large amounts of profit but it can also result in a large amount of losses as well. Another factor that you may want to keep in mind is that your past results that you have had with online commodity trading is not a reflection of what the actual results will be this time around. When it comes to the first of the twelve golden rules, the number one rule is that you take the time to find a trading plan that is going to work with your very own individual trading personality. When you are trading in the world of online commodity trading you will find that you are going to have to deal with a lot of stress that will interfere with you emotionally so as a trader it is very important that you take the time to have a predetermined plan as far as the operations that you are going to use which also includes a list of the actual rules that you are going to use to operate so that you are able to actually protect yourself from yourself. It is not usual for your mind to tell you to do something that you wouldn’t normally do in times that are trying. Being Sure About Online Commodity Trading As I have mentioned earlier there are twelve golden rules that are associated with trading, the first one I have already talked to you about and now it is time to talk about the second of those twelve golden rules. The second rule is the fact that if you are not sure whether or not you should be a trader in the markets, then you shouldn’t trade at all. If you are currently trading in a market that you are not sure about, then you should take your losses if you have any and you should secure your profits and then stop until you have reached a decision on whether or not you are really interested in trading in that market. There are times when you are going to be influenced by what is going on around you, what this means is that sometimes you are going to think that the situations are worse than what they really are and it may be these times that you step away from trading when you should really stick around however, it is entirely up to you. The third of the twelve golden rules is that you should know at least half of the time when you are trading that you are right and in turn if you know that you are right you should be able to produce some rather interesting profits as well. When you think about speculating trades you should know that you are not going to be right all of the time. If you have the opportunity to learn about the proper trading techniques, you should take the time to do so as well. Cutting Your Loses with Online Commodity Trading The fourth rule of the twelve golden rules of online commodity trading is that you should personally know how to be able to deal with the losses that you have as a trader and you should know how to let your profits account for something. When it comes to the speculators they are not able to have the ability that other traders do when it comes to putting a limit on the losses that they have. If the speculators are able to put a limit on their profits they should also be able to put a limit on their losses as well. The main reason that a lot of traders end up in a bind is because of the fact that they hate to admit that they are wrong and in turn all that does is gets them into a whole lot of trouble. If you are interested in online commodity trading then you should take the time to really learn everything that you can about it.

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Which is the Best Forex Broker you have traded with?

Interview with Matthew Sheppard

Senior Forex Advisor at XForex

1. What is your name and position?

Hello, my name is Matthew Sheppard and I am a senior forex advisor at XForex.

2. What is your experience and professional background?

In the last 6 years I had filled several positions in financial institutions such as a stock broker, a foreign exchange desk manager, a financial consultant and in my recent role I serve as a senior Forex advisor for XForex which is an online forex company.

3. What type of clients you deal with?

We deal with clients on all levels from the beginning stages to the more advanced trading levels.

4. Does most of your business activity come from the online or offline world?

Because of our high presence on the web, most of our business comes from the online world.

5. Why should a trader pick XForex from all forex brokers?

Aside from all the benefits that XForex offer like commission-free trading, 24/7 online support, high leverage (200:1), XForex offers educational and learning trading experience that you won’t find anywhere else..

Our team of experts and financial trainers provide personal assistance and guide clients to financial success. We provide daily analysis and market reviews to our clients giving them a better understanding of the market and helping them trade profitably.

6. From your experience, what advice would you give a person who wants to enter the forex world?

My advice to the beginning trader entering the Forex world is as follows:
  • Learn the market and understand what you’re getting into.
  • Research and find the broker that suits your needs and wants. Look for a good offering but more importantly customer service, don’t go for the low rates offer without being certain they have a good customer service department. From my extensive experience in the Forex world your key to success will be your client-broker relationship. I can honestly say that at XForex they put an emphasis on servicing clients, which is so important.
  • Invest smartly and calculate your risks.
  • Always know when to get out of a trade.

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By keeping their platform, site and deposit process simple, safe and secure, UFXBank have become the web’s premier online forex trader.