From the Inside Flap
It's almost impossible to turn on the business channel or read the financial pages these days and not find a story about the next commodity that's breaking an all-time price record. From an outsider's perspective, however, commodity markets can be intimidating or even scary. To most people, these fast-paced markets conjure up images of high-risk investing in an environment of absolute chaos. But, as expert commodities trader Kevin Kerr says, where else can you sell something you don't own, buy it back half an hour later, and walk away with 100% profit?
In A Maniac Commodity Trader's Guide to Making a Fortune, Kerr dispels the common myths and misconceptions about these markets, offering an insider's view of what he calls "the last bastion of pure capitalism on Earth." Whether you're a novice or an experienced trader, Kerr's down-to-earth, clear-cut guidance will make you more savvy, more confident, and more able to jump right in and grab those profit opportunities that are waiting for you.
Kerr shares the insights, techniques, and trading tricks that he's learned through his years of rough-and-tumble experience in the commodities markets—experience you can build on without having to endure all the pain. He explains all the basics: how these markets function, how locals in the pit work, what those strange-looking order acronyms mean, and which markets are thinly traded and tightly controlled, as well as delving into the all-important psychology of the market. Even if you don't know preferred stock from livestock, this book will show you what you need to know to have a working understanding of what really goes on in those chaotic trading pits—and how you can make it work to your advantage.
Kerr shares the pitfalls and successes of his long career, showing you how to take huge profits from movements in markets you've only heard of, but were afraid to trade, and succeed beyond your wildest dreams. Kerr—proudly known to many as "The Maniac Trader"—demystifies the language and ritual of the commodity markets, shows the basics of fundamental analysis, explains how market makers create pricing, and much more. Read this book and you'll agree that adding commodities to your portfolio is a sure way to capitalize on some of the most rewarding, exciting investment opportunities available today.
Few investment vehicles offer the excitement, flexibility, and tremendous profit opportunities of commodities. A Maniac Commodity Trader's Guide to Making a Fortune will introduce you to an asset class that promises to be a vital part of your portfolio.
--This text refers to the
Hardcover
edition.
From the Back Cover
Praise for A MANIAC COMMODITY TRADER'S GUIDE TO MAKING A FORTUNE
"Kevin Kerr has the keenest instincts of any commodities trader I've ever met. His recommendations are money in the bank. This book is your passport to the exciting, frantic, frustrating, and potentially enormously rewarding world of futures trading. Do you want to make money in futures and options? Read this book and let a master show you not only how to trade, but how to trade to win."
—Sean Brodrick, Editor, MoneyandMarkets.com
"Any old trader can throw money into the commodity pits, although why do you think that they call them 'pits'? With Kevin Kerr as your guide to understanding the commodities markets, it is as if you have Babe Ruth as your batting coach. Kevin has that uncanny knack for doing things right, and the magic eye that can see the stitches on the fastball. Kevin's brilliant new book will help you to develop the ability to choose your pitch, and to swing at the ones on which you can make money. Before you play another inning of the commodities game, Read This Book!"
—Byron W. King, Contributing Editor, Whiskey and Gunpowder, www.whiskeyandgunpowder.com
--This text refers to the
Hardcover
edition.
