|
|
Spekulace s komoditními deriváty
Kovaľ, Matúš ; Pígl, Jan (advisor)
In my work Speculation with commodity derivatives – case study I wrote about my personal experience with commodity trading The work itself is divided into two parts; first part explains the theoretical background needed for my work. It defines terms like finance market, exchange, different types of exchanges, and it also explains what commodity and commodity exchange is, furthermore it defines derivate I did trade, futures. Moreover, first part of my work describes different methods that are used for prediction of price movements, like fundamental, technical and psychological analyses. During my trading, I mostly used technical analysis, therefore I'm talking about this method more deeply and I describe few procedures more in detail. In the second part, I'm writing about my actual commodity trading. I was able to do that thankfully to CTS system, since the company allows its prospective customer, to use company's software and trade with virtual money, but with real time data from Chicago commodity exchange. Very fast did I understand that it's quite simple to learn how to use technical analysis. But what troubled me the most was the psychology of trader. I was unable to keep up with my trading plan, since my decisions were influenced by emotions like fear, stubbornness and impatience. And that was the reason why I focused on this in my work. I can divide my actual trading into three periods. In first, I was so inexperienced and shocked by how my emotions influenced my decisions that I was not able to keep up with any trading plan I prepared before start. In second period, I was able to make a plan and hold onto it. I was aware of problems that can be caused by emotional decisions, and I paid attention to them. In third period, I improved my trading system, and I was able to successfully trade commodities.
|
guest ::
