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Commitment to Success in Commodity Trading

Commodities / Commodities Trading Aug 17, 2009 - 08:15 AM GMT

By: Andrew_Abraham

Commodities

As I have repeatedly stated… commodity trading is the easiest yet the hardest thing one can ever do. Too many aspiring commodity traders or forex traders search for the holy grail. They search for indicators…mechanical trading systems or basically the answers.


The only answer is, simple ideas traded over diversified markets with multiple trading systems with an emphasis on risk management stand the chance of succeeding overtime. Once aspiring commodity traders or forex traders realize this as well as the fact that trading is a probabilities game they are on their way to success.

Probably more importantly than any mechanical trading system is how the commodity trader thinks. In order to succeed in commodity trading commitment is needed. This commitment is like anything else in life…such as marriage or sports. Too often after a draw down an aspiring commodity trader gives up. The key is you really have to want it if you want to succeed in commodity trading. You need to know as an athlete knows… no pain…no gain… In commodity trading there will be plenty of pain. Draw downs are certain to happen as well as losses will happen with regularity.

It does not matter if you allocate to commodity trading advisors or if you trade commodities yourself. Commitment is a must.If you want to compound your way to wealth you must have this deep desire to be successful. If I can do it…so can you.

Andrew Abraham
www.myinvestorsplace.com

Andrew Abraham has been in the financial arena since 1990. He is a commodity trading ddvisor and co manager of a Commodity Pool. Since 1993 Andrew has been a proponent of quantitative mechanical trading programs. Andrew's major concern is not only total return on investment but rather the amount of risk that one would have to tolerate in order to achieve returns He focuses on developing quant models that encompass strict risk adherence and correlation. He has been a speaker at conferences as well as an author of numerous articles. Andrew has spent years researching ideas that have the potential to outperform indices as well as maintain fewer draw downs.

Visit Angus Jackson Partners (http://www.angusjacksonpartners.com) Contact: A.Abraham@AngusJackson.com (mailto:A.Abraham@AngusJackson.com)

© 2009 Copyright Andrew Abraham - All Rights Reserved
Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.


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