Commodity Market Charts and Traders


SLT

Official GDayFX.com Rep
Thought we should start a commodity thread, not just that, i think there is good opportunity in this area...
 

jack

Administrator
Staff member
I agree! :p

I also think it's about time we had an 'interactive trading' section on this forum.

So I created it, and moved this thread (and a few others) to it. That way talk/setups/biases about EURUSD or Copper can go there.. while the methods or strategies that created said setups and biases can stay in the systems and methods board..with the two not burying each other.

:)
 

SLT

Official GDayFX.com Rep
Who is the best Broker with MT4 for commodities?
FXCM suck assholes the way there spreads work...
 

jack

Administrator
Staff member
GdayFx said:
Who is the best Broker with MT4 for commodities?
FXCM suck assholes the way there spreads work...
It's a hard call. Typically I don't recommend CFDs on commodities through FX brokers because they are more expensive to trade than their underlying future or spot markets.

Then there's the fact that a lot of UK brokers (betting on CFDs is popular there, but note that I say "betting", not trading,) and sleazy brokers offer CFDs with stupid high leverage to better drain their client accounts..

But, all that said, Oanda has a nice selection and good pricing on their commodity CFDs.

As far as I see it though, the only advantage a commodity CFD has over their underlying future is exposure/contract sizes that are easier to work with from a risk perspective.
 

SLT

Official GDayFX.com Rep
Jack said:
It's a hard call. Typically I don't recommend CFDs on commodities through FX brokers because they are more expensive to trade than their underlying future or spot markets.

Then there's the fact that a lot of UK brokers (betting on CFDs is popular there, but note that I say "betting", not trading,) and sleazy brokers off them with high leverage to better drain their client accounts..

But, all that said, Oanda has a nice selection and good pricing on their commodity CFDs.

As far as I see it though, the only advantage a commodity CFD has over their underlying future is exposure/contract sizes that are easier to work with from a risk perspective.
Thanks Jack! i had a nice sell on Palladium yesterday, sold at 799.00, had a stop @ 804.00 (probably to tight) price sold off, did not even go near my stop, 2 hours later the position was closed out by god knows who! price went to 768.00. must have bean a blip, or just plainly ripped off. oh well cop that one on the chin!

This is the chart set up i went for, price could even still head lower yet...possibly to 725.00
 

Attachments

SLT

Official GDayFX.com Rep
SoyBeanUSD could be setting up a good long sell in the days ahead...
Oanda
 

SLT

Official GDayFX.com Rep
GdayFx said:
SoyBeanUSD could be setting up a good long sell in the days ahead...
Oanda
i should re phrase that, i ment long term sell, in the mean time Soy Beans have started to fall off the shelf already...
 

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