How do I trade commodities online?

very carefully

>>1420656
Get approved for futures trading.

>>1420939
How would one do that?

>>1421000
Do you have a broker?

>>1420939
don't do this shit.


just trade commodity etfs.


check they're charts against historys and make sure they track close 2 the ups and downs


http://etfdb.com/type/commodity/all/


http://www.macrotrends.net/

>>1421034
yes, online scottrade
>>1421043
I was thinking about the etf route

>>1421058
How much capital are you planning on putting towards this?
And what kind of experience do you have?

>>1421102
20-25k I've been trading stocks since I was 17. I just wanted to move into futures, options, and cryptocurrencies. Maybe all 3

>>1421125
The ETF route is much lower risk.
Futures are leveraged on their own, so while you can profit very quickly, you can also be buried just as fast.
Also, they're marked to market, so your losses or gains are realized at the end of every day.

>>1421133
perfect, ideally I'd like to close each day. Thanks for the advice

>>1421146
You're welcome.
But I worded that wrong.
ETF's aren't marked to market, they function like a fund or an equity. That means if they eat shit on the day, you don't technically lose any money unless you sell.
Futures don't work that way.

>>1421156
Right, sounds a lot safer that way. Smaller profit margins but much less risk.

>>1421165
>Smaller profit margins but much less risk.
That's the way it goes.
Good luck.

>>1420656
Instead of directly trading commodities why don't you trade companies relating to those commodities instead? It would be safer. If you think oil will go up then buy some shares of a smaller oil company (larger oil companies and larger companies in general have many variables that play into their share price so an increase in spot crude may not directly translate to an increase in share price). That's what I do, anyways.

>>1420656
>forget to check when the contract finalizes
>ring ring
>"Mr.Dude where would you like to take delivery on your 1000 head of cattle?"

>>1421825
>where would you like to take delivery on your 1000 head of cattle?
"1066 West Addison"
(hangs up)

>>1421125
holy shit how do you trade stocks at 17

actually how do you trade stocks at all

it doesnt look like scottrade provides commodities trading. youll need a new broker or settle with trading ETFs of commodities.