Lux Investing

doing commodity exchange business is very good for daily earnings?

doing commodity exchange business is good or bad,when it compared to share business.then what is the minimum amount have to invest in commodity,give urs valuable suggestions. with regards vignash

Public Comments

1. If you study the market for 5 years you might only lose $100 a day instead of losing $1000/day.
2. It is always challenging to trade in FX, rather than good or bad. I suggest you to adopt certain strategies like going for stable currencies, making use of charts and indicators and most importantly choosing the right platform to trade in. The minimum amount depends on trading platform you use, some of them provides live trading accounts with minimum of $25 only.
3. commodity trading is also riskier as is share trading. With commodities there are so many other factors like climatic changes and artificial hoarding that seriously affect the commodity prices.
4. better first you find a good FX provider that you like.