Commodity Trading Advisor
A commodity-trading adviser may charge two kinds of fees to manage your money. Most will charge an incentive fee based on the trading performance. Some also charge management fees that are to be paid regardless of whether profits are earned.
Another possibility, particularly if you are a smaller investor, is to participate in a commodity pool. Commodity pools are similar, conceptually, to a mutual fund. Most pools are organized as a limited partnership with the commodity pool operator or "CPO" acting as the general partner. The general partner makes the day-to-day trading decisions.
The chief
advantage of using commodity pools is that you will be able to capitalize
on someone else's trading expertise and significantly reduce the amount of
personal time and effort required for trading.