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

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by Carley Garner
 

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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

Overview

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

Editorial Reviews

Library Journal
Garner (Commodity Options), a market analyst and commodities broker, has written an easy-to-understand beginner's guide to commodities trading, commodities being bulk goods traded on a financial exchange, everything from coffee to cocoa, gold, platinum, and currency. She covers the history of commodities trading, the lingo (Chapter 14 does a nice job of defining "Futures Slang and Terminology"), how to choose a brokerage firm, as well as how to find a broker who will work well with your particular needs. Her coverage is international in scope, showing her extensive knowledge, although she is relatively new to the vocation. There is up-to-date information on what to look for when considering commodities trading—from margin calls to stock indexes to maintaining a balanced outlook in the face of possible fear, greed, frustration, or loss. VERDICT Highly recommended for anyone who is interested in exploring the world of commodities trading, whether to do some trading or simply to get a better understanding of this area of finance.—Helena Travka, Cleveland P.L.

Product Details

ISBN-13:
9780137015450
Publisher:
FT Press
Publication date:
01/28/2010
Pages:
244
Product dimensions:
7.00(w) x 9.20(h) x 1.00(d)

Meet 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.

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A Trader's First Book on Commodities: An Introduction to The World's Fastest Growing Market 5 out of 5 based on 0 ratings. 1 reviews.
RF18 More than 1 year ago
If you are a beginner trader or just need to brush up on the basics (I think we all do from time to time) this is the book for you. It answers all the questions to become a successful trader. I know I have made money trading by reading this book.