Trading Commodities and Financial Futures [NOOK Book]

Overview


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 ...

See more details below
Trading Commodities and Financial Futures

Available on NOOK devices and apps  
  • NOOK Devices
  • Samsung Galaxy Tab 4 NOOK 7.0
  • Samsung Galaxy Tab 4 NOOK 10.1
  • NOOK HD Tablet
  • NOOK HD+ Tablet
  • NOOK eReaders
  • NOOK Color
  • NOOK Tablet
  • Tablet/Phone
  • NOOK for Windows 8 Tablet
  • NOOK for iOS
  • NOOK for Android
  • NOOK Kids for iPad
  • PC/Mac
  • NOOK for Windows 8
  • NOOK for PC
  • NOOK for Mac

Want a NOOK? Explore Now

NOOK Book (eBook)
$28.49
BN.com price
(Save 43%)$49.99 List Price

Overview


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

Read More Show Less

Product Details

  • ISBN-13: 9780132703635
  • Publisher: Pearson Education
  • Publication date: 11/1/2004
  • Sold by: Barnes & Noble
  • Format: eBook
  • Edition number: 3
  • Pages: 288
  • Sales rank: 1,134,492
  • File size: 8 MB

Meet the Author

Trading Commodities and Financial Futures: A Step-by-Step Guide to Mastering the Markets

Third Edition

About the Authors

George Kleinman is President of Commodity Resource Corp., a well-established futures and options advisory, brokerage, and trading firm headquartered in Lake Tahoe, Nevada. Kleinman has been trading for over twenty-five years on behalf of individuals and commercial commodity users. He entered the business in 1977 as a futures broker with the commodity division of Merrill Lynch, becoming a member of its "Golden Circle," its top ten commodity brokers worldwide. In 1983, he founded CRC, a firm that has been highlighted repeatedly in national publications for its trading performance.

Kleinman has been an exchange member for over twenty years, currently a member of the New York Mercantile Exchange (COMEX Division) and the Minneapolis Grain Exchange (former board member). He is a member of the National Futures Association, executive editor of Trends in Futures, and contributing editor to Trading Floor Pro.

ft-ph.com
An imprint of Pearson Education


Read More Show Less

Table of Contents

Acknowledgments.

Preface.

Introduction.

1. Basic Training: A 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.

A hedging example.

The Exchange, 'open outcry' and the clearinghouse.

The regulators and regulations.

How to place an order.

Conclusion.

2. The Intermediate Futures Trading Course.

Zero sum game.

Money management.

Contrary opinion theory.

Spreads, straddles, and switches.

Carrying charges.

Normal or inverted?

The "Voice from the Tomb."

3. A diabolical story.

4. The Options Primer.

What is an option?

How options work.

5. Advanced Option Strategies.

Buying options to protect futures.

Writing options as a hedging strategy.

Covered option writing.

Option spreads.

Straddles and strangles.

Butterfly spreads.

Ratios.

6. Eight Winning Option Trading Rules.

1. Stay away from deep in-the-money options.

2. Stay away from deep out-of-the-money options.

3. -Trade slightly out-of-the-money, at-the-money, or slightly

in-the-money options.

4. There is a time for all seasons.

5. 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.

6. In "normal" markets, write straddles and strangles.

7. Look for opportunities to backspread.

8. Use options to hedge a profitable futures position.

7. How to Analyze the Markets Fundamentally.

Fundamental analysis.

Technical analysis

Which is the best way to go?

Financial futures.

Currencies.

Energy.

Agricultures.

Meats.

Metals.

8. The Advanced Futures Trading Course.

Does technical analysis really work?

Charts.

Gaps.

Open interest.

Point and figure charts.

Japanese candlestick charts.

Spread trading-a valuable forecasting tool.

Why technical analysis makes sense.

9. The Most Valuable Technical Tool [TMVTT].

Bottom pickers versus trend followers.

A moving picture.

A moving average primer.

The simple moving average.

How many days should you use in your moving average?

Bottom line.

10. How I use TMVTT.

Step 1.

Step 2.

Additional rules for maximum success.

11. Day Trader's Secrets.

Your nine essential day trader's rules.

The trend reversal day trading system.

12. Your 'State of Mind'.

Motive.

Six hurdles to successful trading.

Money management.

If you don't feel right, you won't trade right.

Your advantage.

13. 25 Trading Secrets of the Pros.

Secret 1.

Secret 2.

Secret 3.

Secret 4.

Secret 5.

Secret 6.

Secret 7.

Secret 8.

Secret 9.

Secret 10.

Secret 11.

Secret 12.

Secret 13.

Secret 14.

Secret 15.

Secret 16.

Secret 17.

Secret 18.

Secret 19.

Secret 20.

Secret 21.

Secret 22.

Secret 23.

Secret 24.

Secret 25.

14. Jesse's Secret.

The secret to making the big money is to maximize the big move.

Jesse Livermore.

Those who can be right and sit tight.

Appendix.

Index.

Read More Show Less

Customer Reviews

Be the first to write a review
( 0 )
Rating Distribution

5 Star

(0)

4 Star

(0)

3 Star

(0)

2 Star

(0)

1 Star

(0)

Your Rating:

Your Name: Create a Pen Name or

Barnes & Noble.com Review Rules

Our reader reviews allow you to share your comments on titles you liked, or didn't, with others. By submitting an online review, you are representing to Barnes & Noble.com that all information contained in your review is original and accurate in all respects, and that the submission of such content by you and the posting of such content by Barnes & Noble.com does not and will not violate the rights of any third party. Please follow the rules below to help ensure that your review can be posted.

Reviews by Our Customers Under the Age of 13

We highly value and respect everyone's opinion concerning the titles we offer. However, we cannot allow persons under the age of 13 to have accounts at BN.com or to post customer reviews. Please see our Terms of Use for more details.

What to exclude from your review:

Please do not write about reviews, commentary, or information posted on the product page. If you see any errors in the information on the product page, please send us an email.

Reviews should not contain any of the following:

  • - HTML tags, profanity, obscenities, vulgarities, or comments that defame anyone
  • - Time-sensitive information such as tour dates, signings, lectures, etc.
  • - Single-word reviews. Other people will read your review to discover why you liked or didn't like the title. Be descriptive.
  • - Comments focusing on the author or that may ruin the ending for others
  • - Phone numbers, addresses, URLs
  • - Pricing and availability information or alternative ordering information
  • - Advertisements or commercial solicitation

Reminder:

  • - By submitting a review, you grant to Barnes & Noble.com and its sublicensees the royalty-free, perpetual, irrevocable right and license to use the review in accordance with the Barnes & Noble.com Terms of Use.
  • - Barnes & Noble.com reserves the right not to post any review -- particularly those that do not follow the terms and conditions of these Rules. Barnes & Noble.com also reserves the right to remove any review at any time without notice.
  • - See Terms of Use for other conditions and disclaimers.
Search for Products You'd Like to Recommend

Recommend other products that relate to your review. Just search for them below and share!

Create a Pen Name

Your Pen Name is your unique identity on BN.com. It will appear on the reviews you write and other website activities. Your Pen Name cannot be edited, changed or deleted once submitted.

 
Your Pen Name can be any combination of alphanumeric characters (plus - and _), and must be at least two characters long.

Continue Anonymously

    If you find inappropriate content, please report it to Barnes & Noble
    Why is this product inappropriate?
    Comments (optional)