http://www.commoditytradingrebel.com/commoditytradingblog/07/what-is-a-prosperous-commodities-trader/ Commodity Futures Day Trading Blog Thu, 22 Jan 2009 11:34:11 -0600 http://wordpress.org/?v=2.9.2 hourly 1 http://www.commoditytradingrebel.com/commoditytradingblog/07/what-is-a-prosperous-commodities-trader/#comment-43 raflorsheim Thu, 08 Jan 2009 10:35:40 +0000 http://www.commoditytradingrebel.com/commoditytradingblog/?p=267#comment-43 "prosperous" just means that he prospered, or made money from, the business, so what he did was to be a commodities trader. A commodities trader is someone who facilitates trades on the commodities exchange, taking profits from the trades. Commodities are undifferentiated products, like soybeans or wheat. They are produced by a lot of different farmers and you don't buy just the output of a single farm, but the price of commodities is set by demand overall. Otherwise, the process is very similar to that of a stock exchange, where there are buyers and sellers, and traders make money from the buying and selling of stocks. The commodities exchange in the U.S. is located in Chicago. “prosperous” just means that he prospered, or made money from, the business, so what he did was to be a commodities trader. A commodities trader is someone who facilitates trades on the commodities exchange, taking profits from the trades. Commodities are undifferentiated products, like soybeans or wheat. They are produced by a lot of different farmers and you don’t buy just the output of a single farm, but the price of commodities is set by demand overall. Otherwise, the process is very similar to that of a stock exchange, where there are buyers and sellers, and traders make money from the buying and selling of stocks. The commodities exchange in the U.S. is located in Chicago.

]]>