Hello all

First post here, I want to begin my trading career and decide on a commodity to research and learn how to trade.

I googled the top ten most traded commodities in the world but I'm not sure what practical information I can get from that.

Any suggestions?

Start with this webinar "Where to start":

https://nexusfi.com/webinars/jan14_2012/where_to_start_part_1/

Then read this thread in its entirety. There is no better place to start in my opinion, having been answering this question for over 5 years now.

Ask any Trading Question I'm creating this thread with the purpose of a 'catch all' for any trading related question that NexusFi (formerly BMT) members want to ask, but don't want to create a new thread for -- or find an existing thread to reply to. I've …

Mike

Becoming an elite member on this forum looks like somthing I will do, but $100 is a lot of money to me right now. As of now I have less than $100 expendable cash that I wanted to open a trading account with.

Since I'm completely new, how will I know becoming an elite member will really help me? Is there any way I can be given a week or so of trial elite membership?

NoobyTrader 

Becoming an elite member on this forum looks like somthing I will do, but $100 is a lot of money to me right now. As of now I have less than $100 expendable cash that I wanted to open a trading account with. Since I'm completely new, how will I know becoming an elite member will really help me? Is there any way I can be given a week or so of trial elite membership?

I will save you the time and money and say that your time is better spent on another hobby if you have less than $100. Take your girlfriend to dinner and if you have money left over, to a movie. It will be a much better memory most likely...

The only way to make money in trading is if you have money. In practice, a lot of money. Many good brokers won't even open an account with less than 10k, and those that do accounts for $500 or so are the ones to avoid at all costs.

Mike

I broke up with my girlfriend to save up to get in the market, no going back now. I find it hard to believe it's impossible to start with a small amount of money and work it into a larger amount of money when there's people out there taking somthing like a paper clip and trading it up gradually into a yatcht. I'm not giving up that easy, c'mon give e somthing to work with, anything. What would YOU do(in the market) if you had your knowledge and nothing but $100? I mean, $100 will buy 1000 pennie stocks, 1000 is a big number which is at the very least a step in the right direction right?

NoobyTrader 

I broke up with my girlfriend to save up to get in the market, no going back now. I find it hard to believe it's impossible to start with a small amount of money and work it into a larger amount of money when there's people out there taking somthing like a paper clip and trading it up gradually into a yatcht. I'm not giving up that easy, c'mon give e somthing to work with, anything. What would YOU do if you had your knowledge and nothing but $100?

Put it in an ETF or Mutual fund and get a job...

If you deposited $100-$200 a month from your job in said fund you will do much better then if you tried to trade it.

NoobyTrader 

What would YOU do if you had your knowledge and nothing but $100?

Have a nice steak and a bad bottle of wine and call it a night. Move on.

Mike

Big Mike 

Have a nice steak and a bad bottle of wine and call it a night. Move on. Mike

One grass-fed organic humboldt county filet mingon - $12

One bottle of Chateau ste Michell Cabernet - $10 (from my friends at the winery)

I still got $78 dollars to trade with.

NoobyTrader 

One grass-fed organic humboldt county filet mingon - $12 One bottle of Chateau ste Michell Cabernet - $10 (from my friends at the winery) I still got $78 dollars to trade with.

$100 should last you about 2 hrs with penny slots in Vegas... That would be more fun.