You can make large profits by trading commodities--but youll need significant practical knowledge of the associated risks and market characteristics before you start. A Traders First Book on Commodities is a simple, practical and useful guide for new commodities traders. Author Carley Garner provides 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, and market access for your needs. Shell help you:
Master the basics of trading commodities painlessly, avoiding beginners mistakes
Get what you need, and prevent paying for what you dont need
Know what youre buying, what it costs, the returns youre earning and the risk youre taking
Predict price, manage risk, and make trades that reflect your analysis
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.
This book provides the type of information every trader needs to know and the type of information too many traders had to learn the hard and expensive way. Carley offers practical need-to-know, real-world trading tips that are lacking in many books on futures. It will help not only the novice trader, but seasoned veterans as well. This book will serve as a must-have reference in every traders library.
--Phil Flynn, Vice President and Senior Market analyst at PFGBest Research, and a Fox Business Network contributor
RefreshingIts nice to see a broker who has actually been exposed to the professional side of trading and who bridges that chasm between exchange floor trading and customer service. Carley takes the time to explain verbiage, not just throw buzz words around. A good educational read in my opinion.
--Don Bright, Director, Bright Trading, LLC
This book has the perfect name, the perfect message, and the necessary information for any beginning trader. Take this book home!
--Glen Larson, President, Genesis Financial Technologies, Inc.
As a 35-year veteran of the CME/CBOT trading floor, I can tell youthose who think they can begin trading commodities without knowing the less talked about topics that Carley discusses in A Traders First Book on Commodities are sadly mistaken. Anyone who trades their own account, or would like to, should read this book.
--Danny Riley, DT Trading
