If you would rather sit in the comfort of your own home and play the commodity futures game, then the World Wide Web has a host of possibilities for you to indulge in playing the markets.
Many brokerage firms have set up websites that allow you to trade in commodities. They require you to register for an account and then download a trading platform that will allow you to trade – all at the click of the mouse.
Sites such as danielstrading.com provide four types of commodities trading execution services: broker execution, automated system execution, self-directed online execution and foreign exchange currencies trading platform. All except the latter can be used for commodities trading.
If you are new to the whole commodity trading scenario, forex Trading then the first service, that of broker execution, is probably the best choice. With this service, you leave all the decisions to the broker, who will execute them on your behalf.
The automated system execution service has been specially developed for online commodity futures trading. If you would rather have a mechanical trading program or a commodities trading system make your decisions for you, then this service would be the ideal choice. Investors can also design their own automatic trading system that can carry out trades on their behalf.
Those investors who deem themselves confident enough to carry out trades and make all their decisions on their own can opt for the self-directed online execution service. With this service the investor can download a trading platform provided by the brokerage services that best describe their experience in futures trading. They will be given full, current information that will enable them to make informed decisions regarding their trades and execute the trades on the trading platform itself. To do this, all that you need is a computer with broadband Internet access and Java software installed, since most of the trading platforms run on Java.