Trading Commodities and Financial Futures: A Step-by-Step Guide to Mastering the Markets / Edition 4

by George Kleinman

Overview

As an asset class, commodities are now as important as stocks and bonds – and with rapid growth in demand, profit opportunities in commodities are larger than ever. But today’s computer-driven markets are volatile and chaotic. Fortunately, you can profit consistently – and this tutorial will show you how. Building on more than 30 years of market success, George Kleinman introduces powerful trend-based techniques for consistently trading in your “sweet spot” for profits.

Kleinman reveals exactly how the commodities markets have changed – and how you can use consistent discipline to avoid “shark-infested waters” and manage the market’s most dangerous risks. Ideal for every beginning-to-intermediate level trader, speculator, and investor, this guide begins with the absolute basics, and takes you all the way to highly-sophisticated strategies.

You’ll discover how futures and options trading work today, how trading psychology impacts commodity markets even in an age of high-frequency computer trading, and how to avoid the latest pitfalls. Kleinman offers extensively updated coverage of electronic trading, today’s contracts, and advanced trading techniques – including his exclusive, powerful Pivot Indicator approach.

Three previous editions of this tutorial have become international best-sellers. But the game has changed. Win it the way it’s played right now, with Trading Commodities and Financial Futures, Fourth Edition.

Product Details

ISBN-13:	9780134087184
Publisher:	Pearson Education
Publication date:	03/11/2013
Edition description:	4th Revised ed.
Pages:	272
Product dimensions:	7.00(w) x 9.00(h) x 0.70(d)

About the Author

George Kleinman is the president of Commodity Resource Corp., a futures advisory and trading firm that assists individual traders and corporate hedgers. George has a track record of success in the commodity futures business that spans more than 30 years.

A graduate of Ohio State, with an MBA from Hofstra University, George entered the commodity trading business with Merrill Lynch Commodities in 1979. When he left Merrill to start his own trading firm, George was a member of ”The Golden Circle” (the top 10 commodity brokers internationally).

From 1983 to 1995, Commodity Resource was located on the trading floor of the Minneapolis Grain Exchange, where George held multiple memberships and served on the MGE board of directors. George was also a member of the COMEX Exchange for over a decade.

George has been featured for his trading in national publications and has lectured at major financial conferences regarding his trading techniques. He is the author of four previous books on commodities and futures trading and is an active trader for clients as well as his own account. George has developed his own proprietary trading techniques, some of which are highlighted in this edition.

In 1995, George and his family moved to northern Nevada, and he now trades from an office overlooking beautiful Lake Tahoe.

Table of Contents

Introduction 1

Chapter 1: The Four Essentials 5

Chapter 2: How to Become a Successful Trader 11

Chapter 3: A Diabolical Story 17

Chapter 4: The Futures Primer 21

Chapter 5: The Options Course 45

Chapter 6: The Intermediate Trading Course (Or Just Enough to Be Dangerous!) 75

Chapter 7: Algorithms Eliminating People 115

Chapter 8: The Advanced Trading Course 127

Chapter 9: The Moving Averages Primer 193

Chapter 10: GK’s Pivot Indicator 205

Chapter 11: And Finally 219

Appendix: 25 Trading Secrets of the Pros 229