July 2007
Beginner
528 pages
13h 37m
English
Content preview from Getting Started in CommoditiesBecome an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.
Chapter 13
Brokers and the Online Revolution
Finding the right broker is an essential part of becoming a successful commodities trader because the broker represents an important link between you and the financial markets. Once an order is entered, the broker sends it to the appropriate marketplace. Obviously, traders want an honest and reliable firm to handle this important part of the trading process. There is a lot of trust involved in this relationship.
While finding the right broker is important, it isn't always easy. There are hundreds of different firms to choose from. The fees or commissions will vary from one to the next. Some offer tools such as charting, research, and analysis. Others simply focus on providing cheap execution of orders and not much else. How do you find the right broker? This chapter is designed to help you narrow your search and find the right one.
Ask Your Friends
I really can't recommend any one broker. While there are clearly some that are better than others, without knowing you and your experience, goals, and financial resources, it is impossible to offer any sort of specific recommendation. While remaining broker neutral, I'll try to give you some of the facts and information that might help make your decision a bit easier.
Obviously, most brokerage firms try to win your business. These companies make their profits by generating commissions from trades and charging fees. The more customers who open accounts and trade, the more revenues and the greater ...
Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
and much more.
Read now
Unlock full access
More than 5,000 organizations count on O’Reilly
O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.Julian F.
I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.Addison B.
I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.Amir M.
I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.