How to become a successful commodity trader in indian

How to become rich in commodity. I have lost 2.

Tell me the name of that person who rich in commodity like rakesh jhunjhunwala ,barren waffet etc. Additionally you can also look for a job based on your likings which will yield a monthly salary.

You can start saving this salary and one day I'm sure you'll get rich. U cud hv excercised those commodity contracts and taken home crude for ur bike in the photo , 10grams gold, soya, chana masala etc, so that at least the family wud hv been happier with that.

Tendulkar did not do gr8 things to become Sir Tendulkar. It is just that he learnt how not to become Vinod Kambli: Some of the really successful traders the world has seen are — George Soros, Ed Seykota, Paul Tudor, Micheal Steinhardt, Van K Tharp, Stanley Druckenmiller etc Some of the really famous investors the world has seen — Charlie Munger, Peter Lynch, Benjamin Graham, Thomas Rowe, Warren Buffett, John C Bogle, John Tempelton etc. I am not aware specific to Commodity Segment.

But commodity can prove to be real tough market than equity. First, understand that the mindset required for Commodities is different than that required for Equities. The frequency by which the profitable opportunities arise in Commodities trading is less compared to that of Equity trading. U might say that one can easily do intraday similar to equities. But in reality, that is not the mindset profitable for Commodities trading.

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In the Commodities world, one name that pips everyone apart is Jim Rogers. Read his book "Hot Commodities: How Anyone Can Invest Profitably in the World's Best Market" and you get with what mindset the commodity trading is profitable. If not, life will just continue to push you around. People do two things. Some just let life push them around.

Others get angry and push back. But they push back against their boss, or their job, or their husband or wife. They do not know it's life that's pushing. Keep using your brain, work for free, and soon your mind will show you ways of making money far beyond what I could ever pay you.

Accounting is possibly the most boring subject in the world. It also could be the most confusing.

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But if you want to be rich, long term, it could be the most important subject. You must know the difference between an asset and a liability, and buy assets. If you want to be rich, this is all you need to know. It is Rule No. The poor and middle class acquire liabilities, but they think they are assets".

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An asset is something that puts money in my pocket. A liability is something that takes money out of my pocket. The asset base will be so deep that you can afford to look at more speculative investments.

Investments that may have returns of percent to infinity. Investments that the middle class calls "too risky. It's the lack of simple financial intelligence, beginning with financial literacy, that causes the individual to be "too risky,".

Wealth is a person's ability to survive so many numbers of days forward The mistake in becoming what you study is that too many people forget to mind their own business. They spend their lives minding someone else's business and making that person rich. The rich focus on their asset columns while everyone else focuses on their income statements. Fortunes are made in new-stock issues, and I love the game. Many people are afraid of small-cap. What I call financial literacy.

A vital skill if you want to build an empire. The more money you are responsible for, the more accuracy is required, or the house comes tumbling down. This is the left brain side, or the details. Financial literacy is the ability to read and understand financial statements. This ability allows you to identify the strengths and weaknesses of any business.

What I call the science of money making money. This involves strategies and formulas. This is the right brain side, or the creative side. The science of supply and demand.

There is a need to know the "technical" aspects of the market, which is emotion driven; the Tickle Me Elmo doll during Christmas is a case of a technical or emotion-driven market. The other market factor is the "fundamental" or the economic sense of an investment. Does an investment make sense or does it not make sense based on the current market conditions. For instance, utilizing a corporation wrapped around the technical skills of accounting, investing and markets can aid explosive growth.

An individual with the knowledge of the tax advantages and protection provided by a corporation can get rich so much faster than someone who is an employee or a small-business sole proprietor. It's like the difference between someone walking and someone flying.

The difference is profound when it comes to long-term wealth. If you have little money and you want to be rich, you must first be "focused," not "balanced. Real estate is a powerful investment tool for anyone seeking financial independence or freedom. It is a unique investment tool. Wise investors buy an investment when it's not popular.

They know their profits are made when they buy, not when they sell. Some FREE commodities strategies: Powered by Discourse , best viewed with JavaScript enabled. How to become rich in commodity General. If you want to become rich trading commodities, start off by stopping trading in commodities.

I'm told reading a book titled "Rich Dad Poor Dad" also helps. This is extract from varsity http: I believe that by being rich, u meant start making considerable money trading in Commodities. The poor and middle class acquire liabilities, but they think they are assets" An asset is something that puts money in my pocket.

It's the lack of simple financial intelligence, beginning with financial literacy, that causes the individual to be "too risky," Wealth is a person's ability to survive so many numbers of days forward Many people are afraid of small-cap No.

Another powerful investment vehicle, the stock market. Why consumers will always be poor. When the supermarket has a sale on, say, toilet paper, the consumer runs in and stocks up. When the stock market has a sale, most often called a crash or correction, the consumer runs away from it. When the supermarket raises its prices, the consumer shops elsewhere. When the stock market raises its prices, the consumer starts buying.