Book description
More fortunes are made and lost more quickly in the commodity futures markets than anywhere else. It is a game of consequence where profits won by one player are lost by another. The stakes are high, but for those who know how to play well, the rewards can be immense. Trading Commodities and Financial Futures shows you how to play the game to win.
In this book, one of the world's most experienced traders introduces a new step-by-step methodology built on more than twenty-five years of success. George Kleinman begins with the basics—including a complete primer on how futures and options trading works, how traders' psychology impacts the markets, and how to avoid the pitfalls that trip up so many traders.
This edition offers updated coverage of electronic trading, the latest contracts, and state-of-the-art trading techniques you won't find in any competing book. Previous editions of Kleinman's Commodity Futures and Options became international best sellers. This one offers even more insight for winning the commodities game—and winning big.
Winning in a zero-sum game
For every commodities winner, there's a loser: here's how to be
the winner
The trend is your friend
How to use techniques designed to generate profits in a trending
market
The fundamentals: supply and demand in
every key market
Mastering the markets, from crude oil to soybeans, gold to coffee,
foreign exchange to stock index futures
TMVTT: The most valuable technical
tool
A unique trading methodology—how it works and how to use
it
When to get in, when to get out
How to recognize the beginning—and end—of major
market moves
Twenty-five trading secrets of the
pros
A lifetime's experience, distilled into twenty-five crucial
tips
Table of contents
- Copyright
- FINANCIAL TIMES Prentice Hall
- Financial Times Prentice Hall Books
- Acknowledgments
- Preface
- Introduction
- Basic training: a futures primer
- The intermediate futures trading course (or just enough knowledge to make you dangerous!)
- A diabolical story
- The options primer
- Advanced option strategies
-
Eight winning option trading rules
- Stay away from deep in-the-money options
- Stay away from deep out-of-the-money options
- Trade slightly out-of-the-money, at-the-money, or slightly in-the-money options
- There is a time for all seasons
- Covered call writing is a good strategy for what appears to be a bullish environment, and covered put writing is generally good for what looks like the bear
- In “normal” markets, write straddles and strangles
- Look for opportunities to backspread
- Use options to hedge a profitable futures position
- How to analyze the markets fundamentally
- The advanced futures trading course (or how to analyze the markets technically)
- The most valuable technical tool (TMVTT)
- How I use “TMVTT”
- A day trader's secrets
- Your state of mind (trader's psychology)
- Twenty-five trading secrets of the pros
- Jesse's secret
- World futures and options exchanges
- Index
Product information
- Title: Trading Commodities and Financial Futures: A Step-by-Step Guide to Mastering the Markets, Third Edition
- Author(s):
- Release date: October 2004
- Publisher(s): Pearson
- ISBN: 0131476548
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