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Commodity Future Quote
Commodity futures prices are usually quoted the same way
prices are quoted in the cash market. They are quoted in
dollars, cents, and fractions of a cent, per bushel,
pound or ounce. They are also quoted in dollars, cents
and increments of a cent for foreign currencies. And
they are quoted in points and percentages of a point for
financial instruments. Cash settlement contract prices
are quoted in terms of an index number. The quotes are
usually stated to two decimal points.
Commodity Futures Prices Quote:
Over 27 years of commodity futures and options trading,
I've seen a number of commodity traders implode. But it
didn't have to happen. The right knowledge and rules
could have saved them. My own first year of commodity
trading back in 1979 was rough and is documented in
another series of articles called, "My Early Days as a
Novice Trader - Trading Blunders I, I I, III and IV."
Commodity Futures Trading Quote
How little we know when we first start out! We think we
can apply everyday business tactics to commodity futures
trading. I've tried and found out how frustrating that
can be. We think because we are good at some other
endeavor it will carry over to commodity trading -
wrong! In fact, thinking that way makes us even more
stubborn and arrogant, setting us up for the big body
slam. Let's take a look at six commodity trading
debacles. I'll describe these real life trading stories
that actually happened and then make suggestions on how
these events may have been prevented. Some are funny and
some are sad.
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