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 canprofit 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.
GEORGE KLEINMAN (Lake Tahoe, NV) is President of Commodity Resource Corp., a futures advisory and trading firm that assists individual traders and corporate hedgers. He has a track record of success in the commodity futures business that spans more than 30 years. When he left Merrill Lynch to start his own trading firm, he was a member of “The Golden Circle” as one of the firm’s Top 10 Commodity Brokers internationally. A member of both COMEX and the Minneapolis Grain Exchange, he has lectured on commodities and futures trading at major financial conferences. His four previous guidebooks include The New Commodity Trading Guide: Breakthrough Strategies for Capturing Market Profits.
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