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A Trader's First Book on Commodities : An Introduction to the World's Fastest Growing Market by Carley Garner (2010, Hardcover)

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This book is a must-read for anyone interested in commodities trading. It provides an in-depth introduction to the world's fastest-growing market, covering topics such as futures, options, analysis and trading strategies. With 256 pages, readers will gain a comprehensive understanding of the subject matter.The hardcover format and English language make it accessible to a wide audience. The book weighs 20.5 oz and measures 7.3in. x 9.3in. x 0.9in. Published by FT Press in 2010, it is authored by Carley Garner and falls under the Business & Economics genre.

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You can make large profits by trading commodities--but you'll need significant practical knowledge of the associated risks and market characteristics before you start. A Trader's 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. She'll help you: Â· Master the basics of trading commodities painlessly, avoiding beginners mistakes Â· Get what you need, and prevent paying for what you don't need Â· Know what you're buying, what it costs, the returns you're earning and the risk you're taking Â· Predict price, manage risk, and make trades that reflect your analysis Garner demystifies the industry's colorful language, helps you clearly understand what you're 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 trader's library." --Phil Flynn , Vice President and Senior Market analyst at PFGBest Research, and a Fox Business Network contributor "RefreshingIt's 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 youâ€¦those who think they can begin trading commodities without knowing the less talked about topics that Carley discusses in A Trader's 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

Product Identifiers

Publisher
FT Press
ISBN-10
0137015453
ISBN-13
9780137015450
eBay Product ID (ePID)
77491770

Product Key Features

Book Title
Trader's First Book on Commodities : an Introduction to the World's Fastest Growing Market
Author
Carley Garner
Format
Hardcover
Language
English
Topic
Investments & Securities / Commodities / General, Investments & Securities / Futures, Finance / General, Investments & Securities / Analysis & Trading Strategies, Investments & Securities / Options, Investments & Securities / General
Publication Year
2010
Genre
Business & Economics
Number of Pages
256 Pages

Dimensions

Item Length
7.3in
Item Height
0.9in
Item Width
9.3in
Item Weight
20.5 Oz

Additional Product Features

Lc Classification Number
Hg6046.G373 2010
Table of Content
Introduction The Rise and Fall of Commodities 1 A Commodity Rally for the History Books 1 A Day of Reckoning 7 The Speculators'' Role 8 Fortunes Made and Lost 10 Conclusion 13 Chapter 1: A Crash Course in Commodities 15 How It All Began 15 The CME Group 17 Evolution of the Forward Contract into a Futures Contract 18 Cash Market Versus Futures Market 21 Contract Expiration 23 The Mechanics of Futures Contracts 25 Futures Spreads 32 A Brief Introduction to Commodity Options 33 Chapter 2: Hedging Versus Speculating 37 Commodity Hedgers 37 Commodity Speculators 42 Chapter 3: The Organized Chaos of Open Outcry and the Advent of Electronic Trading 45 The Pit 46 Electronically Traded Markets 47 "Side by Side" 48 Costly Commodity Quotes 54 Open Outcry Quote Reporting and Access 54 Electronic Quote Transmission 56 Subscribing to Quotes 57 Charting 58 Free Trading Platforms and Market Access 58 Paid Trading Platforms 59 Auto Approval Versus Manual Approval 60 Order Desk ("The Desk") 62 Is It Worth Paying Platform Fees or Subscribing to Quotes? 63 Chapter 5: Choosing a Brokerage Firm 65 Introducing Brokers, Futures Commission Merchants, and Broker/Dealers 66 Fill Quality 69 Behind the Scenes of Transaction Costs 70 Discount Brokerage or Full-Service Specialization 71 What You Should Know About Commission Structure: Blanket or Variable Rates? 72 Market Access 75 Beyond Your Broker 77 Conclusion 79 Chapter 6: Finding a Broker That "Fits" and Choosing a Service Level 81 Understand Your Broker''s Business 83 Get to Know Your Futures Broker 84 Full Service Broker or Self Directed Online? 88 Why Using a Broker May Be a Good Idea 90 Conclusion 93 Chapter 7: Order Types and How to Use Them 95 Order Types 95 Placing a Trade with Your Broker 108 Placing a Trade Online 111 Chapter 8: Making Cents of Commodity Quotes 113 Quoting Grain Futures 115 Not All Grains Are Created Equal 119 The Meats 122 Foods and Fiber 125 Precious Metals Futures 130 Gold, Platinum, and Palladium Futures 131 The Other Metal Futures 133 Chapter 9: Figuring in Financial Futures-Stock Indices, Interest Rates, and Currencies 137 The Boring but Necessary Basics 137 Stock Index Futures 138 Dow Jones Industrial Average Futures 141 NASDAQ 100 Futures 143 S&P 500 Futures 146 Russell 2000 Futures 151 Interest Rate Futures 151 Treasury Bond and Note Futures 153 Eurodollar Futures 164 Currency Futures 167 Conclusion 170 Chapter 10: Coping with Margin Calls 171 What Is Margin? 171 Day Trading Margin Versus Overnight Margin 172 How to Handle a Margin Call 173 The Margin Call Countdown 175 Accepting Margin Calls 177 Chapter 11: The Only Magic in Trading-Emotional Stability 179 Three Emotions in Trading: Fear, Greed, Frustration 181 Revengeful Trading Is Counterproductive 187 Capital Preservation aka Risk Management 188 Chapter 12: Trading Is a Business-Have a Plan 189 The Trading Game Plan 190 A Trading System Alone Isn''t a "Business Plan" 191 Constructing a Business Plan in Trading 195 Price Speculation (Ideally Prediction) 196 Choosing a Trading Vehicle 198 Risk Management 199 Chapter 13: Why You Should Speculate in Futures 207 Speculating in Futures Versus Speculating in Equities 208 Risk Capital Only 214 Conclusion 215 Chapter 14: Futures Slang and Terminology 217 Bull Versus Bear 217 Spread 219 Contract Month Slang 220 Red Months 220 Fill 221 Blow Out 222 Blow Up 222 Keypunch Error 222 Busted Trade or Moved Trade 223 Net Liq 224 Equity 224 Beans 225 Commodity Currency 226 Dead Cat Bounce 226 Bottom Fishing 227 Chasing the Market 227 Limit Moves 228 The Tape 228 Trading Solution and Front-End Platform 229 Proprietary Trading 229 Running Stops 229 Short Squeeze 230 Babysitting 230 Scalp 231 Slippage 231 Working Order 232 Unable 232 Handle 232 Overbought/Oversold 233 Debit/Account Debit 233 Round Turns 233 Trading Environment 234 Index 235
Copyright Date
2010
Target Audience
Trade
Lccn
2009-035270
Dewey Decimal
332.63/28
Dewey Edition
22
Illustrated
Yes

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5 out of 5 stars
by bretdema-0Feb 11, 2022
Great
Love it!!! There was a type-o in one section calculating numbers but great book!
Verified purchase: Yes | Condition: Pre-owned
5 out of 5 stars
by crashntumeSep 23, 2023
Excellent book for the novice and those with experience trading commodities
Excellent book for the novice and those with experience trading commodities
Verified purchase: Yes | Condition: Pre-owned
5 out of 5 stars
by wub8smvkRmG@Del...May 30, 2011
muy buen libro
Good book with good tecniques.ES recomendable para los que quieres saber de comodities. espero le sirva a mucha gente tambien

A Trader's First Book on Commodities : An Introduction to the World's Fastest Growing Market by Carley Garner (2010, Hardcover)

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Great

Excellent book for the novice and those with experience trading commodities

muy buen libro

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