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Commodities Broker?

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gerhard nowak

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Jul 29, 2002, 5:10:02 PM7/29/02
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I am full up with the criminals on the stock market! Therefore I am asking:

Does anyone have an idea of a cheap and reliable commodities discount
broker?

Please send me your suggestions

Thx in advance

G.N.


Phil Scott

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Jul 29, 2002, 6:28:07 PM7/29/02
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:) you think the comodities business is clean? Its a faster way to loose
your money than in stocks if you dont control the market...and unless you are
an insider, with millions if not billions to put on the line you wont be.

The futures business as manipulated as any market these days..
You need to spend a few months reading.

but Y E S !!!!!! I am completely confident you can find some genius to
tell how honest it all is, and some books written to get you into that business.

Now, if you understand its crooked, and think you are smarter than the 50,000
pro's involved, with better data them about world conditions, the weather
etc...and leverage your position..You can get rich in that market... if you dont
loose it all on the first move.

Its about a 1000 to 1 shot at best and. if you are bright on these
issues...if you are not bright, well its a total gamble.

Phil Scott
>
>

Jack Hershey

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Jul 30, 2002, 12:56:40 PM7/30/02
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I am biased but I would restrict my choice to an IB that is affiliated with
E. D. &F Man as their floor traders. You do need to participate in a way
that you have the largest floor trader group working for you.

OT The equities markets operate differently than the commodities. If you
are familiar with the equities then trading futures indexes is a good
starting place. I mentor people in this on many levels of sophistication.

You need to have a comprehensive approach and you need to be very facile in
relating to the IB and if possible try to get connected to the floor.

Do not count on trading for long periods of time initially; you do not
presently have the stamina for that as yet. I recommend up to two hours of
trading max for the first six weeks and between the trading it will take you
about two full days to debrief yourself for each two hours of trading.

Because of leverage and the pace of the market compared to equities you will
be doing about 50 times better than equities. I would not recommend
beginning this until your monthly ROI on equities exceeds 10% assuming you
are invested half the time. If you are invested a lot of the time in
equities do not consider doing commodities because you do not know the
basics of making money as yet.

Reading about investing is fun. By now you should have developed several
successful algorithms for investing, each one an improvement upon the
others. This is a prologue to trading. First you optimize investing then
you go to trading.

Your post has a forbidding tinge to it. Read it carefully and see if it
shows that you are responsible and confident and successful. Then regard it
from the blamer point of view. A person, to trade commodities successfully
has to be way beyond the blamer stage of life. There is a Rich Dad-- Poor
Dad popular book series now available. If the possibility exists that you
did not have a Rick Dad to provide and excellent atmosphere for building
wealth then you have to transcend a lot of poor dad stuff. The tone of your
post contains a tinge of "quiterness" as well perhaps. The contemporary
market is fraught with opportunity. The 10% per month is achievable in
about four days in these months. If you have been very successful in
meeting the potential of this market and you want to move to a much higher
money velocity of building wealth in commodities that is very kewl. On the
other hand if the equities playground is filled with bullies as you see it,
don't think for a minute that you can deal with the constant scalper game
that is played to continually fleece little lambs.

When you read this you will either get it or not. What it says is learn to
be successful in equities and have a strong track record before you start to
learn about something entirely new to you called commodities which is a very
tough game to play from the first minute. I started investing in 1957. I
switched from 8 cylinders cars to 12 cylinder cars long ago. I fly a GROB
109 glider.

"gerhard nowak" <gera...@aon.at> wrote in message
news:ai4eg8$11i5hl$1...@ID-57909.news.dfncis.de...

Jos Barr

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Jul 30, 2002, 5:54:45 PM7/30/02
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It's risky just driving down the street! You have to manage risk.

jba...@infinitybrokerage.com

http://www.infinitybrokerage.com/murphy-barry.asp

phils...@hotmail.com (Phil Scott) wrote in message news:<3d45bf7a...@news.tdl.com>...

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