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

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FT Press, 2010 - Business & Economics - 244 pages
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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 Commoditiesis 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:

Master the basics of trading commodities painlessly, avoiding beginners mistakes

Get what you need, and prevent paying for what you don’t need

Know what you’re buying, what it costs, the returns you’re earning and the risk you’re taking

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

“Refreshing–It’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 you…those who think they can begin trading commodities without knowing the less talked about topics that Carley discusses inA Trader’s First Book on Commoditiesare sadly mistaken. Anyone who trades their own account, or would like to, should read this book.”

--Danny Riley, DT Trading


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User Review  - BakuDreamer - LibraryThing

I just read through this ( not read completely ) I might as well be a guide to playing Texas hold'em. Speculation add nothing to the acutal economy. The best part is ' You can trade futures in an IRA ' Read full review

Selected pages


The Rise and Fall of Commodities
A Crash Course in Commodities
Hedging Versus Speculating
The Organized Chaos of Open Outcry and the Advent of Electronic Trading
Account Access Trading Platforms and Quote Vendors
Choosing a Brokerage Firm
Finding a Broker That Fits and Choosing a Service Level
Order Types and How to Use Them
Figuring in Financial FuturesStock Indices Interest Rates and Currencies
Coping with Margin Calls
The Only Magic in TradingEmotional Stability
Trading Is a BusinessHave a Plan
Why You Should Speculate in Futures
Futures Slang and Terminology

Making Cents of Commodity Quotes

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About the author (2010)

Carley Garner is Senior Market Analyst and Broker with DeCarley Trading and a columnist for Stocks & Commodities. The author of Commodity Options, Garner writes two widely distributed e-newsletters, The Stock Index Report and The Bond Bulletin.

Her work has been featured in Stocks & Commodities, Futures, Active Trader, Option Trader, Your Trading Edge, and PitNews Magazine. She has been quoted in media ranging from Reuters to Investor's Business Daily and The Wall Street Journal. Garner provides free trading education to investors at www.decarleyrading.com.

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