A Trader's First Book on Commodities

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