A Trader's First Book on Commodities: An Introduction to The World's Fastest Growing Market - Hardcover

Garner, Carley

Hardcover

ISBN 10: 0137015453 ISBN 13: 9780137015450

Publisher: Financial Times/ Prentice Hall, 2010

Synopsis

You can make large profits by trading commodities--but you’ll need significant practical knowledge of the associated risks and market characteristics before you start. A Trader’s First Book on Commodities is a simple, practical and useful guide for new commodities traders. Author Carley Garner provides specific guidance on accessing commodity markets cost-effectively, avoiding common beginners’ mistakes, and improving the odds of successful, profitable trades.

 

Drawing on her 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 market access for your needs. She’ll help you:

 

·    Master the basics of trading commodities painlessly, avoiding beginners mistakes

·    Get what you need, and prevent paying for what you don’t need

·    Know what you’re buying, what it costs, the returns you’re earning and the risk you’re taking

·    Predict price, manage risk, and make trades that reflect your analysis

 

Garner demystifies the industry’s colorful language, helps you clearly understand what you’re buying and selling, and walks you through the entire trading process. She concludes with a refreshingly new look at topics such as trading plans, handling margin calls, and even maintaining emotional stability as a trader.

 

“This book provides the type of information every trader needs to know and the type of information too many traders had to learn the hard and expensive way. Carley offers practical need-to-know, real-world trading tips that are lacking in many books on futures. It will help not only the novice trader, but seasoned veterans as well. This book will serve as a must-have reference in every trader’s library.”

--Phil Flynn, Vice President and Senior Market analyst at PFGBest Research, and a Fox Business Network contributor

 

“Refreshing–It’s nice to see a broker who has actually been exposed to the professional side of trading and who bridges that chasm between exchange floor trading and customer service. Carley takes the time to explain verbiage, not just throw buzz words around. A good educational read in my opinion.”

--Don Bright, Director, Bright Trading, LLC

 

“This book has the perfect name, the perfect message, and the necessary information for any beginning trader. Take this book home!”

--Glen Larson, President, Genesis Financial Technologies, Inc.

 

“As a 35-year veteran of the CME/CBOT trading floor, I can tell you…those who think they can begin trading commodities without knowing the less talked about topics that Carley discusses in A Trader’s First Book on Commodities are sadly mistaken. Anyone who trades their own account, or would like to, should read this book.”

--Danny Riley, DT Trading

 

About this title

About the Author

Carley Garner is Senior Market Analyst and Broker with DeCarley Trading and a columnist for Stocks & Commodities. The author of Commodity Options, Garner writes two widely distributed e-newsletters, The Stock Index Report and The Bond Bulletin.

 

Her work has been featured in Stocks & Commodities, Futures, Active Trader, Option Trader, Your Trading Edge, and PitNews Magazine. She has been quoted in media ranging from Reuters to Investor’s Business Daily and The Wall Street Journal. Garner provides free trading education to investors at www.decarleyrading.com.

 

From the Back Cover

“This book provides the type of information every trader needs to know and the type of information too many traders had to learn the hard and expensive way. Carley offers practical need-to-know, real-world trading tips that are lacking in many books on futures. It will help not only the novice trader, but seasoned veterans as well. This book will serve as a must-have reference in every trader’s library.”

--Phil Flynn, Vice President and Senior Market analyst at PFGBest Research, and a Fox Business Network contributor

 

“Refreshing–It’s nice to see a broker who has actually been exposed to the professional side of trading and who bridges that chasm between exchange floor trading and customer service. Carley takes the time to explain verbiage, not just throw buzz words around. A good educational read in my opinion.”

--Don Bright, Director, Bright Trading, LLC

 

“This book has the perfect name, the perfect message, and the necessary information for any beginning trader. Take this book home!”

--Glen Larson, President, Genesis Financial Technologies, Inc.

 

“As a 35-year veteran of the CME/CBOT trading floor, I can tell you…those who think they can begin trading commodities without knowing the less talked about topics that Carley discusses in A Trader’s First Book on Commodities are sadly mistaken. Anyone who trades their own account, or would like to, should read this book.”

--Danny Riley, DT Trading

 

The Simple, Practical, 100% Useful How-To Guide for New Commodities Traders

 

You can make large profits by trading commodities--but you’ll need significant practical knowledge of the associated risks and market characteristics before you start. That’s where this book comes in. You won’t find boring theory or bewilderingly complex trading strategies here. You will find specific guidance on accessing commodity markets cost-effectively, avoiding common beginners’ mistakes, and improving the odds of successful, profitable trades.

 

Drawing on her 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 market access for your needs.

 

Garner demystifies the industry’s colorful language, helps you clearly understand what you’re buying and selling, and walks you through the entire trading process. She concludes with a refreshingly new look at topics such as trading plans, handling margin calls, and even maintaining emotional stability as a trader.

 

Know the players, know the language, know the techniques

Master the basics painlessly and avoid beginner’s mistakes

 

Choose the right brokerages, services, trading platforms, and tools

Get what you need; don’t pay for what you don’t need

 

Make sense of confusing commodities quotes

Know what you’re buying, what it costs, the returns you’re earning, and the risk you’re taking

 

Build a flexible trading plan that works

Predict price, manage risk, and make trades that reflect your analysis

 

Edition details

• Publisher: Financial Times/ Prentice Hall
• Publication date: 2010
• Language: English
• ISBN 10: 0137015453
• ISBN 13: 9780137015450
• Binding: Hardcover
• Edition number: 1
• Number of pages: 256