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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. Review: Super great intro to commodity futures! - I trade and this book is a great beginner book on the markets. It also gave me some good ideas for how my trading business should be setup that I never thought of before. Review: I Highly Recommend this Book - Great book, Well written and easy to read. This book covers futures trading in an way that is interesting for the reader and instructive for the trader that wants to get involved with trading futures contracts. By including a history of the commodities market, the author holds the readers interest beyond providing just technical information.
| Best Sellers Rank | #166,487 in Books ( See Top 100 in Books ) #22 in Commodities Trading (Books) #32 in Futures Trading (Books) #101 in Options Trading (Books) |
| Customer Reviews | 4.4 out of 5 stars 317 Reviews |
U**N
Super great intro to commodity futures!
I trade and this book is a great beginner book on the markets. It also gave me some good ideas for how my trading business should be setup that I never thought of before.
G**Y
I Highly Recommend this Book
Great book, Well written and easy to read. This book covers futures trading in an way that is interesting for the reader and instructive for the trader that wants to get involved with trading futures contracts. By including a history of the commodities market, the author holds the readers interest beyond providing just technical information.
D**E
This is a great read for those who wish to transition from trading ...
This is a great read for those who wish to transition from trading in equities markets or new to trading and wish to explore commodities. The author takes careful aim and explaining the fine details that often get overlooked when starting out to trade. The only thing that becomes a bit annoying in this publication is the constant reminder of another publication this author has out there. While there is room to redirect to such a publication for more insight and better strategies in trading commodities, it eventually becomes a tad excessive throughout this publication.
J**T
Another great read from Carley Garner!
This is a first-class instructional book on trading commodities futures and options on commodities. Extremely well-written, concise and informative as well as being an interesting read, as are her other books (recommended reading). Nuts and bolts, down-to-earth, right to the point stuff. For anyone interested in commodities trading who is not yet a fully-seasoned trader, this is your book. It seems to me to be sort of a sequel or continuation to her Higher Probability Commodity Trading. Eagerly awaiting her next book. Jo T
S**O
Excellent information
This book ratifies my decision to invest in this trade. The information is invaluable if you want to succeed as a trader.
M**M
Exactly like the book title says
The book is oversized, has a lot of pages and super small text. It's like 3 books. Normally it takes me 2-3 days to read a book but this one took about 9 days. There is a lot of info in there. The author is super knowlegable about the subject. She goes over everything you can imagine. I was super impressed by this. If you want to learn commodities, futures, options or anything like that, then this is the book to get. However, she also mentions a TV guy and an ex-president in the beginning as if that makes her look good (It doesn't. I mean it REALLY doesn't). Then she has reviews from traders in quotes everywhere. These are normally signs that material is sub-par and needs testimonials for you to read it. The other thing is throughout the book she keeps telling you how you need to pay for people like her to work for you (she has a broker firm) and not use online cheap brokers. There is even an entire chapter that does that over and over. Enough already. Take all of that nonsense out and the book is really good. But I got to knock off a couple of stars because of that.
E**Y
Excellent Beginner's Book on Commodities, Futures, and Options
Excellent first book on commodities, futures, and options if you know nothing about them. The book is comprehensive on many investments such as Commodities, Stock Index Futures, Interest Rate Futures, Currency Futures, and other investments. But, it only goes into depth on a few. 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. 1 pp.77-113 2 p. 216
M**U
Good book for beginner
The author acknowledges that successful trading goes beyond technical indicators and trendlines, emphasizing the potential risks associated with choosing the wrong trading platform, brokerage, or order type. By stressing the importance of mental stability in trading, the book underscores the need for a profound comprehension of futures and options markets and the ability to remain composed in high-pressure situations. This book is suitable for beginners and offers good value for the price. However, if you are seeking more in-depth knowledge, you may want to explore other resources.
S**T
A catchy title isn't enough...
A catchy title isn't enough - it sometimes seemed as reading a manual. Also, there is too much coaching BS
C**N
What you want to know about commodities markets
A very good comprehensive book on commodities. Ideal for beginners. Exided my expections
M**L
Well explained with proper examples. Deserves five star rating.
Liked the simple language. It is like holding your hand and guiding you through this difficult and high risk area
P**8
Great for all Traders!
Really Good Book, i must for all Traders in their Library, I really like the author too, a real person. Go Carly Go!
S**K
Valuable book to read
Quite useful information for commodity trading related professionals and simple language and super cheap
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