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Commentary

Tom's Market Outlook

Finding Commodities in ProfitSource
For the week of 9/21/2009 10:35:17 AM
By Tom Gentile

Last week I touched on the Natural Gas market and why it looks so appealing to me. I got a lot of feedback and questions about where to find commodities in ProfitSource. It's relatively simple, but if you're not set up properly you may have difficulty finding this information. So I, with a little help from Mitch Genser, would like to take this week's article and show you right now how to find Natural Gas, as well as other commodities using ProfitSource.

So let's jump in and make sure that we can, for starters, identify and use price charts from ProfitSource that can help us study the five asset classes we have referenced earlier. If you don't have ProfitSource, rest assured. There are many other resources out there that can provide you with price charts of the instruments we will be mentioning in this section.

Make friends with the 'Nav Bar' by the red arrow.

Chart 1

So now you can access the world of financial markets living inside of ProfitSource.

If your screen isn't populated with asset classes such as 'Futures' or 'Forex,' then click on 'Settings' so that you can enable all the features embedded in ProfitSource to take advantage of the charts of the various financial markets living inside the software.

Chart 2

Now go to the 'Nav Bar' to ensure that all your 'symbol tree' instruments are checked for Forex (currencies), Futures, Indices, and Stocks.

Chart 3

To make sure that the requested symbols arrive to your desktop, you may need to perform the 'Symbols Maintenance Wizard' as your final step.

Chart 4

Click on the 'Advanced' button

Chart 5

Go ahead and check 'Refresh all Symbols,' which will also check 'Update Futures Root Symbols' and add 'Update Warrant Symbols' if you are so inclined.

Chart 6

Hit 'Next' and let the software do its 'Update in Progress' " and that should enable you to glance at charts representing all sorts of 'Asset Classes.'

Chart 7

Now you are ready to look at price charts for Futures, Commodities, Currencies, Bonds, proxies for Real Estate, Equities, Indices, etc. You name it!

Tom Gentile
Chief Strategist
Profit Strategies Group, Inc.

* These testimonials are positive statements made by actual, uncompensated Profit Strategies students and reflect their personal experience at a specific time, in a particular market and for a particular trade and may not reflect their overall rate of return. Profit Strategies educates students about the risks and strategies involved in trading and how to hedge some of the market's risks, if utilized correctly. Trading involves a high degree of risk and many people who trade options lose money. These students' results are likely atypical.

Profit Strategies® is a registered trademark of optionsXpress Holdings, Inc. Optionetics and optionsXpress, Inc. are affiliated companies under common ownership of optionsXpress Holdings, Inc. Optionetics and its affiliates, officers, employees, independent contractors, and former owners may receive compensation in connection with marketing efforts. Optionetics and optionsXpress Holdings, Inc. are not registered as a Broker-Dealers or Investment Advisers, with any state, or otherwise, and their materials, products and services may not be reviewed and/or approved. Further information is available at http://www.optionetics.com/about/legal.asp. The products and services offered by Optionetics, Inc. under the Profit Strategies® brand are intended for educational and informational purposes only, and are not intended to replace individual research or licensed investment advice. Profitstrategies.com and optionetics.com are educational portals of optionsXpress Holdings, Inc. Investors need a broker to trade securities, and must meet certain requirements. All securities, futures, and investments are offered to self-directed investors by optionsXpress, Inc., member FINRA, SIPC, CBOE, ISE, ArcaEx, PHLX and NFA. All prices in USD unless noted otherwise. © 2010 optionsXpress Holdings, Inc. All rights reserved.