There are large profits by trading commodities--but the risks of loss are substantial and you'll need significant practical knowledge of the dangers and market characteristics before you start. Thats where this book comes in. You wont find boring theory or bewilderingly complex trading strategies here. You will find 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, futures and options trading platforms, and market access for your needs.
In this popular commodity trading book, Garner demystifies the industrys colorful language, helps you clearly understand what youre 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.
Know the players, know the language, know the techniques
Master the basics of commodity trading painlessly and avoid beginner's mistakes
Choose the right futures brokerages, services, trading platforms and tools
Get what you need; don't pay for what you don't need
Make sense of confusing commodity futures quotes
Know what you're buying, what it costs, the potential gains and the risk you're taking
Build a flexibe trading plan that works
Predict price, manage risk, and make trades that reflect your analysis with either futures or options