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“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
The Simple, Practical, 100% Useful How-To Guide for New Commodities Traders
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. That's where this book comes in. You won't find boring theory or bewilderingly complex trading strategies here. You will find 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.
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.
Know the players, know the language, know the techniques
Master the basics painlessly and avoid beginner's mistakes
Choose the right brokerages, services, trading platforms, and tools
Get what you need; don't pay for what you don't need
Make sense of confusing commodities quotes
Know what you're buying, what it costs, the returns you're earning, and the risk you're taking
Build a flexible trading plan that works
Predict price, manage risk, and make trades that reflect your analysis
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.
Do not waist the time and money buying and reading this book.
Absolutelly general and too basic. No detail. Read more
Very well written book. Excellent introduction to the commodities market. Fun and easy to read, yet very informative. Practical use and good knowledge.Published on June 27, 2013 by Raul Cordoba
I was dumb as a brick regarding commodities trading until reading this book. Now I'm knowledgeable enough to understand how the process works. Read morePublished on April 20, 2013 by DanT
The book is written to cover most of the futures trading topics but fails to explain them well. Often only several paragraphs will be spent on each heading which are not enough to... Read morePublished on March 13, 2013 by slowmothe1st
Light on even basic trading strategies but that's what the "first book" is for. Overall does exactly what it says it willPublished on February 7, 2013 by Kyle Johnson
This, to me, reads more like an ad for the broker who wrote it than anything. She seems to think everything is too complicated for a trader to do on her own. Read morePublished on January 7, 2013 by Beverly Jackson
As the title of this book makes clear (A Trader's FIRST Book on Commodities), it is not intended to be a comprehensive book on how to trade commodities. Read morePublished on December 29, 2012 by Ricardo de Hollanda
Let me start by saying that the book is great and I am glad to have read it. A newcomer to commodities like myself will have many questions answered as well as discover much about... Read morePublished on November 18, 2012 by C. Barcelo