April 2013
Beginner
561 pages
16h 43m
English
Content preview from Learn How to Trade Commodities (Collection)Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
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Chapter 8. Making Cents of Commodity Quotes
Too many stock traders or aspiring commodity traders are discouraged from participating in the futures markets by the complexity of the pricing. Even worse, others venture into the markets relying on their trading platform to calculate their trading results after they execute the trade.
“Risk comes from not knowing what you are doing.”
—Warren Buffet
I believe that becoming comfortable with commodity quotes and calculating profit and loss in each market is even more critical than accurate market speculation. In fact, until you are proficient in determining position and contract value, you shouldn’t be risking money in the markets. After all, if you can’t measure your reward, how can you possibly manage ...
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I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.