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Trader's First Book on Commodities, A: An Introduction to the World's Fastest Growing Market, 2nd Edition

  • By Carley Garner
  • Published Dec 19, 2012 by FT Press.
    • Copyright 2013
    • Dimensions: 7" x 9-1/8"
    • Pages: 288
    • Edition: 2nd
    • Book
    • ISBN-10: 0-13-324783-X
    • ISBN-13: 978-0-13-324783-1

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Product Author Bios

CARLEY GARNER (Las Vegas, NV) is Senior Market Analyst and Broker with DeCarley Trading, and a columnist for Stocks and Commodities. The author of Currency Trading in the FOREX and Futures Markets and Commodity Options, she writes two popular e-newsletters, The Stock Index Report and The Bond Bulletin. Her work has been featured in Futures, Active Trader, Option Trader, Your Trading Edge, and Pitnews, and she has been quoted in Investor's Business Daily and The Wall Street Journal. She provides free trading education to investors at www.DeCarleyTrading.com. Garner is a Magna Cum Laude graduate of Univ. of Nevada Las Vegas.

Earn consistent profits trading commodities, even if you're a newcomer to the commodities markets! Carley Garner's A Trader’s First Book on Commodities, Second Edition is today's most practical and realistic introduction to successful commodities trading. More than any other primer, it recognizes that the most important trading decisions are made long before the first trade is executed. Drawing on years of dealing with retail traders from all walks of life, experience levels, and amounts of risk capital, Garner answers the most pressing questions newcomers ask -- and the questions they haven't realized they need to ask. This extensively updated Second Edition reflects major changes in the market over the past three years, including new trading challenges, platforms, tools, data resources, and risks. Garner presents a hard-eyed look at the collapses of MF Global and PFGBEST, their failure to honor the sanctity of “Customer Segregated Funds” accounts, the implications for investors, and techniques for mitigating these new risks. She has added new charts and example trades throughout; new coverage of commodity impacts arising from recent events in Europe; important information about new technological improvements and competitive intraday position margin standards; and much more.

Author's Site

Please visit the author suggested site at www.decarleytrading.com

Customer Reviews

4 of 4 people found the following review helpful
5.0 out of 5 stars Commodities Trading Starting Point, February 10, 2013
By 
Steve Burns (Nashville, TN) - See all my reviews
(VINE VOICE)    (TOP 1000 REVIEWER)   
This review is from: A Trader's First Book on Commodities: An Introduction to the World's Fastest Growing Market (2nd Edition) (Hardcover)
Carley Garner is back releasing a 2nd edition of her book "A Trader's First Book on Commodities."

This edition has a new expanded introduction that deals with the recent changes in the industry regulators have enacted to protect brokerage clients with the recent failures of MF Global and PFGBEST along with what you can do to protect yourself.

There is also explanations on a speculators role in volatility and how it leads to the fortunes made and lost.

With the current high-inflationary environment in precious metals, oil, and food, with the anticipation of the effects quantitative easing will have who would not be interested in giving the commodity markets a look? You do not have to buy gold bullion off television commercials, you can trade gold futures and options on futures and benefit from trends and never have to take physical delivery of it. You can make money on oil going up, as all of your friends are bemoaning about the price of gas when they... Read more
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3 of 3 people found the following review helpful
5.0 out of 5 stars Nice introduction for a confusing topic, February 19, 2013
By 
monkuboy (Temple City, CA United States) - See all my reviews
(VINE VOICE)   
This review is from: A Trader's First Book on Commodities: An Introduction to the World's Fastest Growing Market (2nd Edition) (Hardcover)
Customer review from the Amazon Vine™ Program (What's this?)
I'm a complete commodities novice. I got this book because I was curious about the subject and wanted to know more about how it all worked and explore the possibility of engaging in some profit-seeking transactions.

The author does a great job of explaining what is considered a commodity, how the whole trading system works, and what sort of pitfalls to look out for in terms of the market itself and also within your own psychology. The book certainly provides enough information to get started with a good understanding of the market, of what to look for in a broker, and some basic strategies to use but of course everything falls short of actual experience with real transactions. At least this book provides the background needed to get an intelligent start rather than heading in on the advice of friends, etc.

That said, after reading this book I've concluded that the commodities market is not for me as it doesn't suit my nature or level of risk tolerance. If nothing... Read more
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3 of 3 people found the following review helpful
4.0 out of 5 stars Garner does it again: this time with commodities, February 18, 2013
By 
John E. Drury "jedrury" (Washington, DC United States) - See all my reviews
(VINE VOICE)    (REAL NAME)   
This review is from: A Trader's First Book on Commodities: An Introduction to the World's Fastest Growing Market (2nd Edition) (Hardcover)
Customer review from the Amazon Vine™ Program (What's this?)
Carley Garner writes another instructive trading book; this time on commodities trading. This new book, published by the Financial Times, is seemingly up-to-date for the present volatility in the commodities market. She starts out with the current conditions, moving into a twenty (20) pages history and description of the CME Group and then to an enlightening contrast of hedging and speculation. Taking the reader into the trading pit, Garner then acquaints the reader with actually opening an account and how to chose a brokerage firm fit for one's service level. She deals with order types and quotes on grain, meats, metals, precious metals and energies. Her analysis on reading the financial futures through the stock prices, interest rates and currency pricing makes one sensitive to the vagaries of the shifting numbers. She identifies margin, its uses, how to deal with the ominous margin call and ends with the slang/lexicon of the commodities market place. This is a book to keep handy... Read more
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Table of Contents

Introduction: The Boom and Bust Cycles of Commodities...and Now Brokerage Firms     1

Chapter 1: A Crash Course in Commodities     19

Chapter 2: Hedging Versus Speculating     43

Chapter 3: The Organized Chaos of Open Outcry and the Advent of Electronic Trading     51

Chapter 4: Account Access, Trading Platforms, and Quote Vendors     59

Chapter 5: Choosing a Brokerage Firm     77

Chapter 6: Finding a Broker That Fits and Choosing a Service Level     99

Chapter 7: Order Types and How to Use Them     113

Chapter 8: Making Cents of Commodity Quotes     131

Chapter 9: Figuring in Financial Futures—Stock Indices, Interest Rates, and Currencies     157

Chapter 10: Coping with Margin Calls     193

Chapter 11: The Only Magic in Trading—Emotional Stability     201

Chapter 12: Trading Is a Business—Have a Plan     211

Chapter 13: Why You Should Speculate in Futures     229

Chapter 14: Futures Slang and Terminology     239

Index     259

Sample Pages

Download the sample pages (includes Chapter 1 and Index)

 
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