Higher Probability Commodity Trading: A Comprehensive Guide to Commodity Market Analysis, Strategy Development, and Risk Management Techniques Aimed at Favorably Shifting the Odds of Success

It is the title that caught my attention. I have had some experience trading commodity futures. I decided to purchase it. Carley's writing stands apart because she has focused on providing her insight throughout the book as she brings in subject matter chapter by chapter in a methodical, incremental and meaningful way. This insight is based on her own experience in Commodity trading. Second things is: I felt that Carley was there reminding me of the big picture throughout the book (as it is easy to forget it when lost I details) even as she took me through necessary details of technical and fundamental analysis, seasonal tendencies of commodities, commitment of traders reports, trading strategies, heging, risk management, Margin considerations etc,. She has given all the details of trading basics in fact. Next, in addition to giving the background-knowledge (static) for commodity trading Carley has given specific information (dynamic) how to keep up to date with the latest commodity reports, news and analysis by reading what her experience has taught her as the best and most reputed publications like HighTower publication. Carley sheds extra light even on seemingly familiar activities like put writing. It was an eye opener and a very big one at that when I learned that the huge bid/ask spread created on far out of the money put spreads when the stock market melted down in 2015 could have killed traders who sold many such spreads thinking such spreads are safe in that one can always get out in a reasonable way! I feel that Carley's book does complete justice to its title in that provides practical knowledge to recognize high probability trading. There is also enough subtle humor in the book. Last but not the least I will say there are two whole chapters on tips and tricks and how to use it based on our own personality where she also talks about psychology of trading, ego battles with the market, problems of overtrading and practical tips on how to avoid it, etc,. I loved reading the chapters: 'Thinking outside the Box' and 'The Hidden Gems of Commodity Trading'. I finished reading this book and I must say it has also had a cleansing and detoxifying effect on me and I must say I am lucky to have done it two days before the most watched election.

I highly recommend this book. It’s extremely well written and an absolute joy to read. I’ve always had a passion for the commodities space and this book has put me on a course of life-long discovery. The perfect mix of technical detail and global macro perspective. I highly recommend reading this book if you desire a comprehensive and creative viewpoint of the commodity landscape.

Read this book recently. Here are a few thoughts: 1. It has lots of good ideas which are practical and common sense. 2. The most useful part of this book is how to read and interpret COT reports. This is very important. 3. It is a beginners guide and has lots of generic information on the various types of commodity trading and strategies including trend following, counter trend, fundamentals etc. She has a bias against trend following which is understandable but the logic provided is not accurate. She leans on band trading ( bollinger bands) but has not mentioned the caveats of Bollinger Band and when it does not work... e,g sliding of bands is very common and you would have lost a fortune if you followed counter trending recently. She mentions stop loss is a bad idea and provides alternatives. What happens if there is price shocks like the recent energy price collapse.. Trend Following would have been better than counter trending or perhaps staying in the sidelines. There are times each of these methods work and there are times they don't work at all. 4. Risk control and risk management concepts are covered at a high level. Position Sizing guideline is too generic. Probability and risk are not covered at all and this is where the title of the book misses its mark. 5. She does cover a great deal in psychology of trading and constant advice on de-leverage and smaller contracts ( mini contracts ) which are very insightful. 6. There are lots of interesting quotes in the book ( from Bruce Lee, Bogle, Warren Buffet, Einstein, Soros ) which makes the book a very entertaining read.. loved a few them and laughed. but they have no context to commodity trading. If you are serious about trading, I don't think this book will help you at all but it does provide a good overall perspective of what's out there.

Carley really hits a homerun with this book. The biggest difference between this book and other trading books is that not only does she give very clear and concise explanations for all of the covered subjects, she also makes sure the reader understands the risks involved, and details many of the pitfalls that traders, including experienced ones, can fall into. This book has a lot more useful and easy-to-read content, and a lot less hype and fluff, than most books on the subject. The title says it all. After reading this very well written book, you will definitely have a higher probability for success while trading commodities. And every edge you can get is important in this game. This books gives you that edge!

Also not very well structured or objective. Could read all the good information out of a couple of webpages. For the beginner trader would only recommend a couple of chapters.

As many other reviewers stated, I also wish I had accessed this type of book 20 years ago when I first started trading futures. During this time markets have had ups and downs at different paces. But most important, technology has changed everything. From information access to a whole plethora of products to trade. And Higher Probability Commodity Trading guides you to the process of start trading and beyond. Being Carley a Pro, she covers in this book all aspects of trading I could think of, and most important, regardless your experience you will always find something worth reading again, or learning for first time, as it happened to me in most chapters. If you really want to trade futures in this modern era and being in control of your risk/reward outcome while placing your trades, then this book is a must for you! Read it once and you will revisit some of its chapters sooner than later, regardless your experience in trading. Happy Tradings to you all!

I found this easy to read and understand. The author provides many examples with good explanations. Reward and risk are balanced for the trader to help define their own style for consistency and profits overtime.

Excellent work. Covered the topic in detail. There is so much to know when looking to trade futures, that it is hard to grasp at first. This book, gives you the information and the sources to be able to know exactly what info/reports the large traders are looking at to make their assumptions. As an oil options trader myself, I discovered a few new things that I had not known before about oil which will help me in my trading. When it comes to trading, there is a lot of info out there. But sadly most of it is either wrong, or biased. This work was neither. And the small price they charge for it is easily recovered in just one trade. I have dozens of books on trading in my library but this is one that I go back to over and over.

Explains clearly the pros and cons of commodities "trading" in futures and Options. Great for the complete beginner like me.

I've had an account with DeCarley for about a year, and I enjoy the emails I get every week with her analysis and market updates. Hence, I bought the book. And I read it all in 2 days. I'm an experienced options trader, so even though a lot of things in the book are not new to me, I found it informative. Most trading books tend to be written in a dry, dull, academic style, but Carley has her unique, easy-going, conversational style and that makes this book very readable. I was nodding my head in agreement when I was reading the section on synthetic options (pages 235-241) because what she has written is what I actually do in my real trading. If you want to learn about commodities (and futures trading), it's a must read book.

Great Book, Carly Garner is a great author and has real market knowledge. One of my most favourite books in the Library!

Livro fraco, pouco útil para profissionais do meio.

I loved to read this book! I think It is a great introduction to commodities market, and more than that, because it is really a book that gives you the tools for that market, and in that sense, i found it very useful. All markets are covered in a synthetic way with their specificites, seasonality pattern, intermarket relations, etc... However, I found the book a bit poor in position entry and exit. And I was a bit suspicious about not using stop losses, I agree that using stop loss orders can cause damage (especially in low liquidity markets), but, even if most of time I do not use stop losses on markets with low liquidity, I always have a point at which, if I asses that it's not going to recover soon, I exit the position. She recommends to use options which is quite original for day trading, I think as she is a professional trader she is used to holding the position for several time and hedge it. To summarize, this is a very good book, which I would complete with a more specialized book like gold market, oil, ...