Book description
A brand new collection of high-profit commodity trading techniques and insights
All the knowledge you need to start earning consistent profits in commodities trading!
You can make huge profits by trading commodities – if you know how. You must know how these markets work, how they’re different, where the risks are hidden, and how to avoid the mistakes too many beginners make. You need realistic, up-to-the-minute strategies, skills, and knowledge from experts who trade commodities every single day. This unique 2 book package delivers all that. In A Trader’s First Book on Commodities: An Introduction to the World’s Fastest Growing Market, Second Edition, Carley Garner offers specific and current guidance on accessing commodity markets cost-effectively, and systematically improving your odds of successful, profitable trades. Garner covers new trading platforms, contracts, fees, and strategies, and offers a clear-eyed look at today’s realities, including the scandalous failures of MF Global and PFG Best. Drawing on extensive experience teaching traders, Garner shows how to calculate profit, loss, and risk in commodities; and choose the best brokerage firm, service level, data sources, and more. She demystifies the industry’s colorful language, helps you clearly understand every trade you make, walks you through the entire process, and illuminates everything from logistics to psychology. Next, in Trading Commodities and Financial Futures, A Step-by-Step Guide to Mastering the Markets, Fourth Edition, George Kleinman introduces powerful new trend-based techniques for identifying trades that fit right into your “sweet spot” for profits. You’ll learn how these markets have changed—and how to successfully use discipline to avoid today’s “shark-infested waters.” Building on 30+ years of success, Kleinman offers updated coverage of electronic trading, new contracts, and advanced techniques, including his exclusive Pivot Indicator approach. You’ll learn how to develop the deep discipline that characterizes all winning commodities and futures traders, as you gain critical knowledge about each leading market, including agricultural commodities, energy, metals, soft commodities, and financials. Kleinman helps you master today’s most valuable technical analysis tools for trading commodities, and even reveals 25 indispensable trading secrets of the pros.
From world-renowned commodities trading expertsGeorge Kleinman and Carley Garner
Table of contents
- Title Page
- Copyright Page
- Table of Contents
-
Trading Commodities and Financial Futures: A Step-by-Step Guide to Mastering the Markets
- Copyright Page
- Praise for Trading Commodities and Financial Futures, Third Edition
- Dedication Page
- Important Risk Disclosures
- Acknowledgments
- About the Author
- Introduction
- 1. The Four Essentials
- 2. How to Become a Successful Trader
- 3. A Diabolical Story
-
4. The Futures Primer
- Futures markets and the futures contract
- It is as easy to sell “short” as to buy “long”
- Margin and leverage
- Delivery months
- Brokers and commissions
- The players
- Basis risk
- The short hedge
- The long hedge
- The basis
- Speculators versus hedgers
- How is the price determined?
- Order placement
- Another true story
-
5. The Options Course
- An options primer
- An option for what?
- Advantages and disadvantages of options
- Types of options
- Strike prices
- Styles of options
- How are option prices quoted?
- Buy ’em and sell ’em
- Advantages and disadvantages of selling options
- How options work
- How are option prices determined?
- How changes in the price of the underlying commodity change an option’s premium
- Exercising profitable options
- Should you ever exercise an option?
- If selling options puts the odds in my favor, why not do it?
- Options as a hedging tool
- Stock index options
- Advanced option strategies
- Straddles and strangles
- Ratios
- Eight winning option trading rules
- 6. The Intermediate Trading Course (Or Just Enough Knowledge to Be Dangerous!)
- 7. Algorithms Eliminating People
-
8. The Advanced Trading Course
- Fundamentals versus technicals
- Does technical analysis really work?
- The trend is your friend
- Basic chart analysis
- The trendline
- Trend channels
- Support and resistance
- Breakouts from consolidation
- Additional classic chart patterns
- Volume
- Open interest
- RSI
- Stochastics
- Elliot wave analysis
- Point and figure charts
- Japanese candlestick charts
- Spreads—a valuable forecasting tool
- Head and shoulders
- GK’s significant news indicator
- Breaking par
- 9. The Moving Averages Primer
- 10. GK’s Pivot Indicator
- 11. And Finally
-
Appendix. 25 Trading Secrets of the Pros
- Secret 1: The trend is your friend!
- Secret 2: When a market is cheap or a market is expensive, there probably is a good reason
- Secret 3: The best trades are the hardest to do
- Secret 4: Have a plan before you trade and then work it
- Secret 5: Be aggressive
- Secret 6: No regrets
- Secret 7: Money management is the key
- Secret 8: Success comes easier when you specialize
- Secret 9: Patience pays
- Secret 10: Guts are as important as patience and more important than money
- Secret 11: The “tape” (quotes) will trick you
- Secret 12: Be skeptical
- Secret 13: Be time cognizant
- Secret 14: Watch the reaction to “the news”
- Secret 15: Never trade when you’re sick, worried, or tired
- Secret 16: Overtrading: your greatest enemy
- Secret 17: Keep a cool head during blow-offs
- Secret 18: Never let a good profit turn into a loss
- Secret 19: When in doubt, get out
- Secret 20: Spread your risks by diversification
- Secret 21: Pyramid the correct way
- Secret 22: Watch for breakouts from consolidation
- Secret 23: Go with the relative strength
- Secret 24: Limit moves are important indicators of support and resistance
- Secret 25: Never average a loss
- Index
- Financial Times Press
-
A Trader’s First Book on Commodities: An Introduction to the World’s Fastest Growing Market, Second Edition
- Copyright Page
- Praise for A Trader’s First Book on Commodities, First Edition
- Dedication Page
- Acknowledgments
- About the Author
- Introduction: The Boom and Bust Cycles of Commodities...and Now Brokerage Firms
- Chapter 1. A Crash Course in Commodities
- Chapter 2. Hedging Versus Speculating
- Chapter 3. The Organized Chaos of Open Outcry and the Advent of Electronic Trading
-
Chapter 4. Account Access, Trading Platforms, and Quote Vendors
- Commodity Quotes Can Be Costly, But They Don’t Have to Be
- Open Outcry Quote Reporting and Access
- Electronic Quote Transmission
- Subscribing to Quotes
- Charting
- Free Trading Platforms and Market Access
- Paid Trading Platforms
- Auto Approval Versus Manual Approval
- Multiple Order-Entry Methods
- Popular Premium Trading Platforms
- Order Desk (“The Desk”)
- Is It Worth Paying Platform Fees or Subscribing to Quotes?
- Chapter 5. Choosing a Brokerage Firm
- Chapter 6. Finding a Broker That Fits and Choosing a Service Level
- Chapter 7. Order Types and How to Use Them
- Chapter 8. Making Cents of Commodity Quotes
- Chapter 9. Figuring in Financial Futures—Stock Indices, Interest Rates, and Currencies
- Chapter 10. Coping with Margin Calls
- Chapter 11. The Only Magic in Trading—Emotional Stability
- Chapter 12. Trading Is a Business—Have a Plan
- Chapter 13. Why You Should Speculate in Futures
-
Chapter 14. Futures Slang and Terminology
- Bull Versus Bear
- Spread
- Contract Month Slang
- Red Months
- Fill
- Blow Out
- Blow Up
- Keypunch Error
- Busted Trade or Moved Trade
- Fat Finger Error
- Net Liq
- Equity
- Customer Segregated Funds Account
- Beans
- Commodity Currency
- Dead Cat Bounce
- Bottom Fishing
- Chasing the Market
- Limit Moves
- The Tape
- Trading Solution and Front-End Platform
- Proprietary Trading
- Running Stops
- Short Squeeze
- Babysitting
- Scalp
- Slippage
- Working Order
- Unable
- Handle
- Overbought/Oversold
- Debit/Account Debit
- Round-Turns
- Trading Environment
- Index
- FT Press
Product information
- Title: Learn How to Trade Commodities (Collection)
- Author(s):
- Release date: April 2013
- Publisher(s): Pearson
- ISBN: 9780133444087
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