InvestorQ : I regularly talk to my peers and also to other clients in the commodity markets. What should I be asking them?
Katherine Gonsalves made post

I regularly talk to my peers and also to other clients in the commodity markets. What should I be asking them?

Answer
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Mahima Roy answered.
1 year ago


There is a lot you can learn from like minded commodity traders Of course, you don’t have to ape what peers are doing, but it adds value to keep a tab. You should be familiar with how your competitors earn from the equivalent market or other markets. It is necessary to find out what others traders earn, what commodities tips that they follow and some other things that can be cost-effective to you. If not anything else, this will at least broaden your horizons and give you more insights into the market. Also look at how others place stop losses, how they set profit targets etc. While it pays to use your knowledge and the familiarity of other traders, it is very important to look for the support of commodity discount brokers.