Please try another search
Carley Garner, a commodity market analyst and broker at DeCarley Trading, is also a seasoned author. She previously wrote A Trader’s First Book on Commodities, Currency Trading in the Forex and Futures Markets, and Commodity Options.
Higher Probability Commodity Trading is, as the subtitle explains, a comprehensive guide to commodity market analysis, strategy development, and risk management techniques. It covers pretty much everything you need to know to start paper trading commodity futures and options. Or to decide that you’d better stick to stocks and bonds.
The first section, focused on analysis, deals with the basics, technical analysis, fundamental analysis, seasonal tendencies, sentiment, and intermarket correlations. The second section, on trading strategy development, looks at position trading, day trading, and algorithmic trading in futures, futures spread trading, options strategies, managed futures, constructing a commodity portfolio, and using futures and options as a hedge. The third section introduces the reader to e-micro and mini futures contracts and VIX futures. The final section offers some tips and tricks, explains commodity brokerages and trading fees, outlines a few risk management techniques, and describes mean reversion and delta neutral options trading. The book, in brief, is packed with information.
The novice will struggle with some of the chapters, the experienced trader can skim through others. But there’s something here for every level of trader, which is rare for a broad-based book.
Interest in commodity trading is about as cyclical as commodities themselves. Traders jump on the band wagon when they think a commodity is hot. But few prepare themselves properly. Trading is trading, they think. Trading CL is like trading Apple Inc (NASDAQ:AAPL). Trading GC options is like trading SPY (NYSE:SPY) options. No, no, a thousand times no. Anyone who contemplates putting money to work in the commodity markets has to understand that he is operating in an entirely different world. Otherwise, he can expect to have his head handed to him.
Garner does an excellent job of explaining what it takes to succeed in commodity trading. The reader will, of course, have to map his own course. Not everyone, for instance, is comfortable selling unhedged options. But from the many ideas Garner offers, the reader should find something worth pursuing further.
The Federal Open Market Committee (FOMC) meeting is approaching—it will be held on 19 and 20 March. What decision should we expect on key interest rates in the US and what would be...
Market Overview: S&P 500 Emini FuturesOn the weekly chart, the market has been stalling in the last 3 weeks by trading sideways and S&P 500 Emini is forming an Emini ioi breakout...
X market is in some tight ranges for the last two sessions, ahead of important CB policy decisions this week. We have FED, BOJ, RBA, BOE and SNB, but the most focus will be on FED...
Are you sure you want to block %USER_NAME%?
By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.
%USER_NAME% was successfully added to your Block List
Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.
I feel that this comment is:
Thank You!
Your report has been sent to our moderators for review
Add a Comment
We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
Enrich the conversation, don’t trash it.
Stay focused and on track. Only post material that’s relevant to the topic being discussed.
Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.