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

by Garner, Carley

• ISBN13: 9780133247831
• ISBN10: 013324783X
• Edition: 2nd
• Format: Hardcover
• Copyright: 2012-12-19
• Publisher: Ft Pr

Summary

Earn consistent profits trading commodities, even if you're a newcomer to the commodities markets! Carley Garner's A Trader's First Book on Commodities, Second Editionis today's most practical and realistic introduction to successful commodities trading. More than any other primer, it recognizes that the most important trading decisions are made long before the first trade is executed. Drawing on years of dealing with retail traders from all walks of life, experience levels, and amounts of risk capital, Garner answers the most pressing questions newcomers ask -- and the questions they haven't realized they need to ask. This extensively updated Second Edition reflects major changes in the market over the past three years, including new trading challenges, platforms, tools, data resources, and risks. Garner presents a hard-eyed look at the collapses of MF Global and PFGBEST, their failure to honor the sanctity of "Customer Segregated Funds" accounts, the implications for investors, and techniques for mitigating these new risks. She has added new charts and example trades throughout; new coverage of commodity impacts arising from recent events in Europe; important information about new technological improvements and competitive intraday position margin standards; and much more.

Author Biography

CARLEY GARNER (Las Vegas, NV) is Senior Market Analyst and Broker with DeCarley Trading, and a columnist for Stocks and Commodities. The author of Currency Trading in the FOREX and Futures Markets and Commodity Options, she writes two popular e-newsletters, The Stock Index Report and The Bond Bulletin. Her work has been featured in Futures, Active Trader, Option Trader, Your Trading Edge, and Pitnews, and she has been quoted in Investor's Business Daily and The Wall Street Journal. She provides free trading education to investors at www.DeCarleyTrading.com. Garner is a Magna Cum Laude graduate of Univ. of Nevada Las Vegas.

Table of Contents

Introduction: The Rise and Fall of Commodities

1. A Crash Course in Commodities

2. Futures Slang

3. The Organized Chaos of Open Outcry and Electronic Trade Matching

4. Account Access, Trading Platforms and Quote Vendors

5. Hedging vs. Speculating

6. Fundamental vs. Technical Analysis

7. Choosing a Brokerage Firm

8. Choosing a Broker and Service Level

9. Full Service or Online?

10. Making “Cents” of Commodity Prices

11. Figuring in Financial Futures

12. Order Types and Placing Trades with a Broker or Online

13. Margin Calls

14. The Trading Game Plan

15. Three Emotions in Trading

16. Applying What You Have Learned