Commodities Futures Trading or Internet Marketing?

12 years ago

It is very hard to say as I do not know your skill set and abilities. My father has been in trading for years as well as Forex and personally I don't want that kind of stress in my life. From what I have seen it has been a long hard road but everyone is different right. I like set and forget, I have my online business set up so that I can leverage my efforts build my list and work my hours with a stress free mindset. IM works for me only you can really decide what will be best for you.

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Sanwal

12 years ago

Actually I'm confused myself, on one hand i love it when i wake up, excited to see my adsense progress, on the other hand i just spend to much time on the internet and getting barely anything for the time i have invested.

I actually just turned 18 few months back, and i started out on internet marketing when i was 16, i used all these forum accounts on my dads name as i thought under 18 weren't allowed and all that.

I started my trading account on my mom's name and still am using that, but i will be getting mine since i might start out on commodities trading again,

Even this account of mine is under my dads name, but my actual name is Sanwal. I have really spent a lot of time on internet marketing and very less time socializing and getting out. I was looking to change things, as sometimes i stay awake, upto 36-40 hours building sites, doing work and work.

I still do not know anything about list building and all that, even though i have been online marketing since almost 1 and a half year. I have just concentrated on building adsense sites. I have heard a lot about list building(I know what it is) but have never gone into detail on how to make money from that etc etc, never was interested in that.

Commodities is very risky and i have have had downfalls with my heart beating really fast, but lately i've profited and i know a fair bit about the outlooks of markets and how to use the stop loss effectively.

I love IM, but i think if i do not stop now, i will be leading to a very unhealthy life with very less sleep and probably will end up with brain damage :p

I just have a very bad habit of doing things in extreme and once i wake up, go to my computer and start doing something, sometimes i won't get off it for 24 straight hours or more..

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alleycatnews

12 years ago

why not sell your trading system to that way you can do both but make money on both ends. Making 350% in a year would sell pretty well.

I have a large list of clients who would love that.

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Sanwal

12 years ago

Sorry, but what trading "system" you talking about?
It's just a normal day trading platform..

I have no strategies, just watch the news and look at aspects such as interest rate, inflation, Europe's progress, and Euro/Dollar for Gold..

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KenThompson

12 years ago

Hello Sanwal,

Interesting story and very good of you to take so much action at a young age, etc. You are also very fortunate to have the support of your parents.

One thing I'd like to point out is the amount you earned per hour with each endeavor. It's very clear to see that your per hourly earnings are much greater w/ trading than IM efforts. Something to take into consideration.

More thoughts:

1. You have learned a lot in each area: IM and trading. You can build on your knowledge in each area, if you like, and remember that you will become better and more efficient, especially with online business activities.

2. Check out this recent thread in which a guy achieved dramatic improvements with his IM activities. You'll see he used a combination of adsense, amazon and maybe one other thing. I read the thread but don't remember every detail.

http://www.warriorforum.com/main-int...00-2011-a.html

3. You have choices. Yes, you did not use any system for your trading which is actually a good thing, I believe. You have something valuable to offer for those who want to earn money or get involved with commodities trading.

A. You can teach people how to do what you did. Even though in your mind you did nothing special, there are very many people who have used your approach and did not succeed.

B. There is a lot that goes into trading, as you know. Many of those things involve other aspects such as the intangibles involving the psychology and mindset. I would imagine you developed something that helped you.

4. You can explore other commodities that are different from the three you mentioned.

5. Or, you can continue with both and get more experience in each one. Perhaps learn how to become more efficient with IM. The guy in the link above has a newsletter and site. Perhaps he can help you in some way.

6. You have skills you have developed, especially with trading, that you may not be aware of. My guess is you do not realize all you have learned in trading and are unaware of the value you can offer to people.

7. If you are not under pressure to leave home or go out into the world and find your way, then count your blessings. You can continue working on all of the above. Try to see the overall. The big picture of what you are doing.

8. I would not be so concerned about upfront time with IM. You will become better, faster and more efficient.

9. Yes, you need to have balance in your life. I'm like you - a person of extremes. I understand your behavior and mindset in that regard.

Get balance in your life. Force your self to take Friday and Saturday nights or afternoons off. Go visit your friends. Keep your friends. Get out and enjoy life. Work very hard during the week, but give your self some time on the weekends.

10. I'm actually very familiar with commodities trading but have not done it. Very long story, there.

One thing you can help people with is responsible money management with trading accounts. You know how important that is, but very many people (from what I've read over the years) drop the ball with that. They do not understand how important it is, etc.

That is just one thing you have to offer others that is valuable. And you have personal experience to back it up.

Remember, this is not an either/or situation. You can do both if you like. Get out and be human, and it will help you feel better and the stress will go down.

Also, learn to trade without emotion. May take some doing, or training your mind, but you can do it.

Good luck.

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Sanwal

12 years ago

Wow Ken thanks so much! I seriously am really grateful for the time you have given to guide me!

Seriously, in online futures trading the only one thing i do is wait.. when i first started out with trading, i did not wait and panicked whenever the market went towards the down side and sold those virtual metals/Oil, I did not know the factors of what causes commodities to go up and how is it done (Was just like gambling in the beginning).

After those few losses, i started researching on the factors that gold/silver/crude went up or down, and slowly and steadily got to know the market better and better. The main part was patience out of all, and yes putting in stop loss effectively, however not too close to the buy position.

There is a lot of risk because of the leverage these markets are given and you can earn 100% in just an hours time, or of course it could be the other way round and you loose all.

On Internet marketing, well since i started out i'm amazed too see i'm not bored of it at all even after 1 and a half year. It's addictive, very addictive, even if you don't earn you learn A LOT!

Recently I have had questions on my mind, whether I'm putting in a bit too much time in it. My routine is I wake up, brush, go to the laptop and till the time my mind doesn't get off (Which is over 24 hours), I do not move from my room/couch.

I totally agree with you and i will be balancing my life, probably just trade and spend just a few hours on that. I had about 40 sites to build and as i said before was planning on starting it, but i know once i start it, i will be giving up the remaining year of 2012 with countless hours of work, without knowing whether I'll succeed or not.

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DWolfe 12 years ago

You should build a few Adsense sites again get them ranking and leave it while you work on Forex. Adsense after time will become passive income. You are still young so over a long peroid of time you can make good money if you just keep them up dated.

Since you know how to get targeted traffic to your adsense sites you can take that information and build one or two sites to flip in the future. And keep the best paying ones.. You can use this information to put together a WSO in the future. You could also take the Forex information and create an Ebook and sell that too for another source of income. Seems to me like you have a very large income potential in your future. Hang in there by the time you are 25 you can look back see you made a large sum of Money Online.

You may never need a " Job " if you keep on this current track at 18 years old. Create a business out of these ideas. You can eventually out source the back linking for the Adsense sites. You will than be able to free up time to focus on Forex. Also it sounds like you have the skills to promote a few affilate products. Amazon might work for you take time to explore it down the road. Alot of people here never make any thing even close to what you make in IM or Forex trading.
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- jan roos 12 years ago
  
  I followgold and silver also but only as a physical stacker.
  
  That whole paper game is rigged in my opinion and the odds are greatlystacked against you.
  
  I woulld stick to IM.
  
  Cheers
  
  Jan
  
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KenThompson

12 years ago

Originally Posted by Ghufran1

Wow Ken thanks so much! I seriously am really grateful for the time you have given to guide me!

You're welcome.

After those few losses, i started researching on the factors that gold/silver/crude went up or down, and slowly and steadily got to know the market better and better. The main part was patience out of all, and yes putting in stop loss effectively, however not too close to the buy position.

Exactly, that is how you learn. The best part about it is you combined learning with acting on it. Now, as you can see, your efforts paid off.

If you are particularly attracted to those markets, then I suppose you can just specialize in them. I'm sure you have not learned all there is. So there is even more potential in it.

I think one problem with so many people in trading, and IM, is they are in a hurry to make money. That leads to all kinds of mistakes and poor judgment calls.

Recently I have had questions on my mind, whether I'm putting in a bit too much time in it. My routine is I wake up, brush, go to the laptop and till the time my mind doesn't get off (Which is over 24 hours), I do not move from my room/couch.

Perhaps over 24 hrs may be a bit much. But in the end it's your call. I'd suggest that it is probably too much if it causes problems in your life, etc. Just be sure you take care of your health even though you're young, healthy and resilient. Abuse adds up and then comes calling.

I totally agree with you and i will be balancing my life, probably just trade and spend just a few hours on that. I had about 40 sites to build and as i said before was planning on starting it, but i know once i start it, i will be giving up the remaining year of 2012 with countless hours of work, without knowing whether I'll succeed or not.

Since you like both IM and trading, then it seems you have two things you are passionate about. Some people have a hard time finding one thing they're passionate about.

You mentioned that you spend about an hour per month on your trades. So you can divide your time between learning more about trading and building sites.

One thing that beginners often do is take on too many projects at the same time. Eventually, little gets done and then there's a problem.

You have some sites that are making money. So you know how to do a lot. Remember there are some people who do not even accomplish that much.

Since you like IM so much, then do not feel like you have to build all of them as fast as possible. Maybe think about lowering your goals to what is reasonably doable. Or, make one and get it profitable, then move on to the next.

I believe a big component to success is creating high quality sites that have good information and are legit. You want sites that people will want to return to. Use something like Analytics, if you are not already doing it, and focus on getting your bounce rate as low as possible. That one effort will reward you, tremendously.

More important than anything is your psychological and physical health.

Take time away from all the work. Go out and have some fun. Getting your mind off all the work will help keep it fresh. When you return to work, you will be looking forward to it and feel motivated, etc.

If you are not interested in making some kind of trading product, then that is fine. If you do, then maybe one more years worth of experience will help you make a stronger product later on. Or, you can just forget about it and focus on IM and your trading.

Another thing to consider is you can get your IM to the point where it can be used to fund your trading activities. By that time, you'll be an expert trader in your own right. Then, your efforts should yield even better results.

You're very young, and you have plenty of time.

Ken

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Sanwal

12 years ago

Jan-
Cheers for your reply, i absolutely know that and have pointed that, however if you trade like a gambler you will always loose, thankfully i learned everything way back in the first few trades.

Ken-
You are actually right, just time management and balancing with do things and maybe i should work on the sites one at a time, with a few hours a week.

I use to get out on Fridays and Saturdays but recently i have stopped either cause my routine gets messed up or I just can't get my mind off the computer.

For my sites I previously made and sold I gave a lot of time to them and got rewarded with a few thousand bucks from Adsense + Selling those. However i can't even remember how many hours i might have put into them..

As for the coaching and ebooks go, I have never gone into that market and i don't understand how to write an e-book or to coach others, what will I tell them? I have no "secret to make money."

However, thanks again and i've decided i'll set up my routine as the following,

2 hours a day trade - 2 or 3 hours of IM and developing sites and spending rest of the day, maybe playing sports or out with friends : )

I just cannot spend my whole life Internet marketing and i'm happy i brought this up here. : )

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Formal Shorts

12 years ago

Originally Posted by Ghufran1

Jan-
Cheers for your reply, i absolutely know that and have pointed that, however if you trade like a gambler you will always loose, thankfully i learned everything way back in the first few trades.

Ken-
You are actually right, just time management and balancing with do things and maybe i should work on the sites one at a time, with a few hours a week.

I use to get out on Fridays and Saturdays but recently i have stopped either cause my routine gets messed up or I just can't get my mind off the computer.

For my sites I previously made and sold I gave a lot of time to them and got rewarded with a few thousand bucks from Adsense + Selling those. However i can't even remember how many hours i might have put into them..

As for the coaching and ebooks go, I have never gone into that market and i don't understand how to write an e-book or to coach others, what will I tell them? I have no "secret to make money."

However, thanks again and i've decided i'll set up my routine as the following,

2 hours a day trade - 2 or 3 hours of IM and developing sites and spending rest of the day, maybe playing sports or out with friends : )

I just cannot spend my whole life Internet marketing and i'm happy i brought this up here. : )

Hi Sanwal,

Fair play to you for what you've achieved so far.

All I would recommend is proceeding with caution. Futures trading is so so risky, and many traders with years experience have got their hands badly burned. It could be very easy to get carried away when you are spending a couple of hours a day at it, and you may end up taking actions you wouldn't consider in the cold light of day.

As an example, a lecturer I had for several financial examinations told us of a former business partner who inherited €250,000, fancied himself as a trader (he was in the financial industry), and a year later was €1.4 million in debt.

I'm not trying to scare you off (well, maybe a little

), and genuinely well done for what you have already achieved.

All I ask is that you tread carefully

Good luck mate

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Vonmoore

12 years ago

It's not a fair comparison between internet marketing and trading. IM may be less or more from month to month, but trading could go negative, maybe even very negative.
Much of what you made in trading could be lost in future trades, but im may get slow, but you're not likely to lose large amounts. Gambling always looks attractive at first, when you're winning.

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WebPen

12 years ago

Originally Posted by Vonmoore

It's not a fair comparison between internet marketing and trading. IM may be less or more from month to month, but trading could go negative, maybe even very negative.
Much of what you made in trading could be lost in future trades, but im may get slow, but you're not likely to lose large amounts. Gambling always looks attractive at first, when you're winning.

I agree with this- I feel like you have a LOT more control over internet marketing.

Conversions, traffic, schedule- all of this stuff changes based on what you put into it.

With almost any kind of trading - like stocks and commodities- is based on things that are out of your control.

Granted I'm kind of biased, but I used to be into the stock/commodity thing before I heard about IM.

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Dan Curtis 12 years ago

With commodities trading you are walking into a buzzsaw. If you don't get severely burned with commodities you will be the first.

You say you could lose everything. That is not what happens in commodities. You don't lose your investment only, because commodities are margined, so you can lose far more than your investment.

There is a limit that each commodity price can change per day. If the prices exceed that limit trading is halted. What does that mean?

That means that if commodities go limit down for several days you will not be able to make a trade. And when you are done you will owe far more than the money that you invested.

That is how someone can "invest" $250,000 and end up over a million in debt, as a previous poster mentioned.

I knew a woman whose husband was a commodities trader for 35 years. In that time he did not have a single customer that made money.

By the way, commodities should not really be traded by individuals for financial gain. They are a market that is intended to stabilize prices for industry -- like Weyerhauser (lumber) and General Foods (sugar) -- and the little guy has no business messing with them.
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Sanwal

12 years ago

Thank you so much for the help everyone

Formal-

Cheers buddy, I absolutely know the risks and do keep everything in mind

Vonmoore-

Absolutely, I even think there is no comparison but it's like I love doing both of them, and the only difference is that the return I'm getting through the time I'm investing. About the gambling part, well, please read my earlier posts

Trading is how you take it, it can be turned into gambling (which i think many people take it as) but don't worry i don't gamble, rather the opposite

Justin-

Agreed with you, it's much more under your control but i never started Internet marketing and trading to make a living out of it, thankfully my parents have no problem of money or any kind of financial problems, my moms a fashion designer and my dads in the government. I just started to make myself happy and see what i could do online

Dan-

Cheers for your insights

I learned all that in the beginning when i started out, that's why i always use a stop loss beneath the support levels and after the first few trades glad fully i have profited from all my trades and never lost. I never take this for granted and have set my mind up for losses for future trades.

Just an update:

I've put all the money i got from internet marketing into my trading account. Will trade carefully

I still have about 500 odd dollars in my dads paypal account so i will get some content outsourced and work on those sites 1 by 1, but i'll take them slowly and give it less time than i was initially giving.

A few days ago i also payed for the websites for sale subscription to sell those domains and was looking to get those domains sold at whatever price and put that too, into the trading account, but you guys have really encouraged me to go on, but at a slower pace and i'm glad i brought up my concerns here

Cheers everyone,

Sanwal

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Dan Curtis 12 years ago

Originally Posted by Ghufran1

that's why i always use a stop loss beneath the support levels and after the first few trades glad fully i have profited from all my trades and never lost.

Just so it's clear, that stop loss will not help you if the market goes limit down against your position, because all trading is suspended when the market goes limit down or limit up. That means you cannot sell, even if you have a stop loss. Many fortunes have been lost...
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AlwaysAwa

12 years ago

Wow Sanwal whatever you taking hope you pass them to me. I never do commodities before but going doing it one day and I know the risk I getting myself into.

I envy of you able to do this at a young age. It a god bless that you able to do Internet marketing and commodities futures trading.

My advice take both, as what oliver said Internet marketing is about set and forget. Money keep coming in.

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MaximusProphet

11 years ago

Originally Posted by Sanwal

Commodities trading, I have earned about 4500 dollars in one year, with an investment of a 1000 dollars.

Find a Mentor in either Trading or IM someone that is at the level you want to be at... and this can be 100-1000x larger... the sky really is the limit, and also your beliefs/mental/emotion limit what you can make.

Great job though... Not many people can consistently make a profit...
If you get bored trading do IM just watch the market or find more profitable trades and or more markets Futures/Forex etc

As Tony Robins always says... "Live with Passion!"

P.s. Have you ever read Napoleon Hill - Think and Grow Rich? if not I recommend this book to everyone that can fog a mirror... I have read this(and/or listened to this hundreds of times) It has helped me immensely.

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dotdash

11 years ago

I'd go with what you're more passionate about. If your trading performance is steady and you've got all your psychology/risk management locked down then you should be fine.

I've only been at it for 4 years but I've yet to see a limit down day or a stop not being honored - even on "fat finger" day whenever it was. There can be slippage but the risk is minimal. Not nearly as bad as something like a Google slap

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michaelcorvin

11 years ago

Unless you are skilled to trade FX or commodities you will get your rear handed to you quick. You can find more info on this blog:

Trade Advisor Pro - Ready, Get Set, Trade

Internet marketing is a much easier way to learn slowly.

Michael

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