24 Jun

Tools and Tips for How to Trade Commodities

We encourage you to use papertrademe.com to practice your own investment strategies. But we understand that if you’re a beginner you may need a little guidance in getting started. Below we’ve compiled some tools that we use and some tips to help you get started.

Feel free to comment below with your own tools and tips!

Tools

Quotes & Charts

Easily one of the most important aspects of trading is viewing quotes and charts. Although papertrademe.com uses real, live data, you’ll also want to view historical data and trends. Here’s a few of the websites that we use.

Tradingcharts.com – Specifically, we’re looking at the futures section: http://futures.tradingcharts.com

Danielstrading.com – www.danielstrading.com

Tips

1-2-3 Method

Channel Method