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A TRADER'S FIRST BOOK ON COMMODITIES: EVERYTHING YOU NEED TO KNOW ABOUT FUTURES AND OPTIONS TRADING BEFORE PLACING A TRADE Paperback – Illustrated, October 31, 2017
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In their quest for trading commodities profitably, beginning traders spend a substantial amount of time studying market theory, various types of market analysis, and paper-trading in the futures and options markets. Yet, almost all of them fail to take the necessary steps to ensure their trading environment is conducive for the profits they seek. A Trader’s First Book on Commodities aims to fill the void in trading literature that overlooks the importance in making the right decisions before ever placing a commodity trade such as fully understanding market mechanics and logistics, choosing a proper trading platform, understanding order types, being aware of market data fees and policies, how to quote and calculate profit or loss in each of the commodity markets, preparing for margin calls, and the only magic in trading–humility.
A Trader’s First Book on Commodities is guaranteed to shorten the learning curve for beginning traders while offering seasoned traders a new perspective on familiar topics. There is more to trading than computer-generated oscillators and trendlines; choosing the wrong trading platform, brokerage, or order type can do more harm to a trading account than choosing the wrong technical indicator.
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“This book has the necessary information for any beginning trader. Take this book home!” — Glen Larson, President, Genesis Financial Technologies, Inc.
“As an industry insider and active trader, Carley provides excellent perspective in trading commodities. She simplifies the process and explains in detail how to gain access to the markets and how to avoid the common mistakes for novice traders. This is a must-read and one that has a shelf life as an important resource in commodities trading.”—Stephanie Link, TIAA Investments Equity Portfolio Manager, an affiliate of Nuveen
“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 trader’s library.” —Phil Flynn, Futures Account Executive at Price Futures Group, and a Fox Business Network contributor.
“This easy-to-read introduction to futures trading provides a comprehensive overview while being honest about the risks. If you are as hard working as Carley is, it will surely whet your appetite to read more about the incredible business of trading commodities!” —Linda Raschke, LBRGroup/FuturePath
From the Author
- Publisher : DeCarley Trading, LLC; Third edition (October 31, 2017)
- Language : English
- Paperback : 246 pages
- ISBN-10 : 1948018004
- ISBN-13 : 978-1948018005
- Item Weight : 1.28 pounds
- Dimensions : 8.5 x 0.52 x 11 inches
- Best Sellers Rank: #88,572 in Books (See Top 100 in Books)
- Customer Reviews:
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Top reviews from the United States
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The author suggests that novice traders choose their broker wisely.1 The author warns "some of the most successful traders report account-draining losses on numerous occasions before gaining the experience needed to be among the estimated 20% of profitable traders."2
If you're new to commodities, you probably should do more research: read other books, magazines, movies, newspapers, podcasts, television shows, websites, etc. before making any trades. I believe that someone with a business background, or business degree(s), is more likely to do well trading commodities, than someone without such qualifications.
This book is filled with many technical terms, which makes it difficult to read. But, if you keep on reading, using brute force if necessary, the book starts to make sense, sort of. In the end, the buyer should beware when trading in the commodities market.
2 p. 216
Top reviews from other countries
Reviewed in Poland on January 12, 2022