DESCRIPTION

(From The Jacket) - 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. That’s where this book comes in. You won’t 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, and market access for your needs.

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.

TABLE OF CONTENTS

• Chapter 1 - A Crash Course In Commodities
• Chapter 2 - Hedging Versus Speculating
• Chapter 3 - The Organized Chaos Of Open Outcry And The Advent Of Electronic Trading
• Chapter 4 - Account Access, Trading Platforms, And Quote Vendors
• Chapter 5 - Choosing A Brokerage Firm
• Chapter 6 - Finding A Broker That "Fits" And Choosing A Service Level
• Chapter 7 - Order Types And How To Use Them
• Chapter 8 - Making Cents Of Commodity Quotes
• Chapter 9 - Figuring In Financial Futures: Stock Indices, Interest Rates, And Currencies
• Chapter 10 - Coping With Margin Calls
• Chapter 11 - The Only Magic In Trading: Emotional Stability
• Chapter 12 - Trading Is A Business: Have A Plan
• Chapter 13 - Why You Should Speculate In Futures
• Chapter 14 - Futures Slang And Terminology