Re: Easier to trade commodities than stocks?

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Re: Easier to trade commodities than stocks? - Lee

In Response To: Re: Easier to trade commodities than stocks? - Lee ()

I have to agree with Coral. A basic analysis using just the trend lines, support and resistance, simple Fibonacci retracements and pattern breakouts should be your first level of study in any market. Once you have set ups forming, add whatever your 2 or 3 favorite indicators are to help verify the formation and you should be good. For m it is the 3 main moving averages (4, 9, 18) and the Bollinger bands set to 18,2 sometimes I add volume.

All the successful traders I ever talked to, since I started this game in the mid 90s, do only that.

When you break it down, there are really only two indicators. Those are Price, and Volume. Everything else is a derivative of those two.