- Don't buy the hype. To make money, you must buy low and sell high. In the commodity market, however, people get excited when prices are high and scared when prices drop. If you buy the hype, you will end up buying high and selling low and will surely lose money. Instead, think of higher prices or lower prices as either buying or selling opportunities, depending on your position and the nature of the asset.
- Don’t try commodities trading if you’re a novice or don’t have a lot of money to work with. Buying commodities is extremely risky. Therefore, you want to make sure you’re willing to take this risk.
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