Trading Commodities and Financial Futures

More fortunes are made and lost more quickly in the commodity futures markets than anywhere else. It is a game of consequence where profits won by one player are lost by another. The stakes are high, but for those who know how to play well, the rewards can be immense. Trading Commodities and Financial Futures shows you how to play the game to win.

 

In this book, one of the world's most experienced traders introduces a new step-by-step methodology built on more than twenty-five years of success. George Kleinman begins with the basics—including a complete primer on how futures and options trading works, how traders' psychology impacts the markets, and how to avoid the pitfalls that trip up so many traders.

 

This edition offers updated coverage of electronic trading, the latest contracts, and state-of-the-art trading techniques you won't find in any competing book. Previous editions of Kleinman's Commodity Futures and Options became international best sellers. This one offers even more insight for winning the commodities game—and winning big.

 

Winning in a zero-sum game
For every commodities winner, there's a loser: here's how to be the winner

The trend is your friend
How to use techniques designed to generate profits in a trending market

The fundamentals: supply and demand in every key market
Mastering the markets, from crude oil to soybeans, gold to coffee, foreign exchange to stock index futures

TMVTT: The most valuable technical tool
A unique trading methodology—how it works and how to use it

When to get in, when to get out
How to recognize the beginning—and end—of major market moves

Twenty-five trading secrets of the pros
A lifetime's experience, distilled into twenty-five crucial tips

1100617084
Trading Commodities and Financial Futures

More fortunes are made and lost more quickly in the commodity futures markets than anywhere else. It is a game of consequence where profits won by one player are lost by another. The stakes are high, but for those who know how to play well, the rewards can be immense. Trading Commodities and Financial Futures shows you how to play the game to win.

 

In this book, one of the world's most experienced traders introduces a new step-by-step methodology built on more than twenty-five years of success. George Kleinman begins with the basics—including a complete primer on how futures and options trading works, how traders' psychology impacts the markets, and how to avoid the pitfalls that trip up so many traders.

 

This edition offers updated coverage of electronic trading, the latest contracts, and state-of-the-art trading techniques you won't find in any competing book. Previous editions of Kleinman's Commodity Futures and Options became international best sellers. This one offers even more insight for winning the commodities game—and winning big.

 

Winning in a zero-sum game
For every commodities winner, there's a loser: here's how to be the winner

The trend is your friend
How to use techniques designed to generate profits in a trending market

The fundamentals: supply and demand in every key market
Mastering the markets, from crude oil to soybeans, gold to coffee, foreign exchange to stock index futures

TMVTT: The most valuable technical tool
A unique trading methodology—how it works and how to use it

When to get in, when to get out
How to recognize the beginning—and end—of major market moves

Twenty-five trading secrets of the pros
A lifetime's experience, distilled into twenty-five crucial tips

44.99 In Stock
Trading Commodities and Financial Futures

Trading Commodities and Financial Futures

by George Kleinman
Trading Commodities and Financial Futures

Trading Commodities and Financial Futures

by George Kleinman

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Overview

More fortunes are made and lost more quickly in the commodity futures markets than anywhere else. It is a game of consequence where profits won by one player are lost by another. The stakes are high, but for those who know how to play well, the rewards can be immense. Trading Commodities and Financial Futures shows you how to play the game to win.

 

In this book, one of the world's most experienced traders introduces a new step-by-step methodology built on more than twenty-five years of success. George Kleinman begins with the basics—including a complete primer on how futures and options trading works, how traders' psychology impacts the markets, and how to avoid the pitfalls that trip up so many traders.

 

This edition offers updated coverage of electronic trading, the latest contracts, and state-of-the-art trading techniques you won't find in any competing book. Previous editions of Kleinman's Commodity Futures and Options became international best sellers. This one offers even more insight for winning the commodities game—and winning big.

 

Winning in a zero-sum game
For every commodities winner, there's a loser: here's how to be the winner

The trend is your friend
How to use techniques designed to generate profits in a trending market

The fundamentals: supply and demand in every key market
Mastering the markets, from crude oil to soybeans, gold to coffee, foreign exchange to stock index futures

TMVTT: The most valuable technical tool
A unique trading methodology—how it works and how to use it

When to get in, when to get out
How to recognize the beginning—and end—of major market moves

Twenty-five trading secrets of the pros
A lifetime's experience, distilled into twenty-five crucial tips


Product Details

ISBN-13: 9780132703635
Publisher: Pearson Education
Publication date: 10/18/2004
Sold by: Barnes & Noble
Format: eBook
Pages: 288
File size: 8 MB
Age Range: 18 Years

About the Author

Trading Commodities and Financial Futures: A Step-by-Step Guide to Mastering the Markets

Third Edition

About the Authors

George Kleinman is President of Commodity Resource Corp., a well-established futures and options advisory, brokerage, and trading firm headquartered in Lake Tahoe, Nevada. Kleinman has been trading for over twenty-five years on behalf of individuals and commercial commodity users. He entered the business in 1977 as a futures broker with the commodity division of Merrill Lynch, becoming a member of its "Golden Circle," its top ten commodity brokers worldwide. In 1983, he founded CRC, a firm that has been highlighted repeatedly in national publications for its trading performance.

Kleinman has been an exchange member for over twenty years, currently a member of the New York Mercantile Exchange (COMEX Division) and the Minneapolis Grain Exchange (former board member). He is a member of the National Futures Association, executive editor of Trends in Futures, and contributing editor to Trading Floor Pro.

www.ft-ph.com
An imprint of Pearson Education


© Copyright Pearson Education. All rights reserved.

Table of Contents

Acknowledgments.

Preface.

Introduction.

1. Basic Training: A Futures Primer.

Futures markets and the futures contract.

It is as easy to sell short as to buy long.

Margin and leverage.

Delivery months.

Brokers and commissions.

The players.

A hedging example.

The Exchange, 'open outcry' and the clearinghouse.

The regulators and regulations.

How to place an order.

Conclusion.

2. The Intermediate Futures Trading Course.

Zero sum game.

Money management.

Contrary opinion theory.

Spreads, straddles, and switches.

Carrying charges.

Normal or inverted?

The "Voice from the Tomb."

3. A diabolical story.

4. The Options Primer. 

What is an option?

How options work.

5. Advanced Option Strategies.

Buying options to protect futures.

Writing options as a hedging strategy.

Covered option writing.

Option spreads.

Straddles and strangles.

Butterfly spreads.

Ratios.

6. Eight Winning Option Trading Rules.

1. Stay away from deep in-the-money options.

2. Stay away from deep out-of-the-money options.

3. -Trade slightly out-of-the-money, at-the-money, or slightly

in-the-money options.

4. There is a time for all seasons.

5. Covered call writing is a good strategy for what appears to be a bullish environment, and covered put writing is generally good for what looks like the bear.

6. In "normal" markets, write straddles and strangles.

7. Look for opportunities to backspread.

8. Use options to hedge a profitable futures position.

7. How to Analyze the Markets Fundamentally. 

Fundamental analysis.

Technical analysis

Which is the best way to go?

Financial futures.

Currencies.

Energy.

Agricultures.

Meats.

Metals.

8. The Advanced Futures Trading Course.

Does technical analysis really work?

Charts.

Gaps.

Open interest.

Point and figure charts.

Japanese candlestick charts.

Spread trading-a valuable forecasting tool.

Why technical analysis makes sense.

9. The Most Valuable Technical Tool [TMVTT].

Bottom pickers versus trend followers.

A moving picture.

A moving average primer.

The simple moving average.

How many days should you use in your moving average?

Bottom line.

10. How I use TMVTT. 

Step 1.

Step 2.

Additional rules for maximum success.

11. Day Trader's Secrets.

Your nine essential day trader's rules.

The trend reversal day trading system.

12. Your 'State of Mind'. 

Motive.

Six hurdles to successful trading.

Money management.

If you don't feel right, you won't trade right.

Your advantage.

13. 25 Trading Secrets of the Pros. 

Secret 1.

Secret 2.

Secret 3.

Secret 4.

Secret 5.

Secret 6.

Secret 7.

Secret 8.

Secret 9.

Secret 10.

Secret 11.

Secret 12.

Secret 13.

Secret 14.

Secret 15.

Secret 16.

Secret 17.

Secret 18.

Secret 19.

Secret 20.

Secret 21.

Secret 22.

Secret 23.

Secret 24.

Secret 25.

14. Jesse's Secret.

The secret to making the big money is to maximize the big move.

Jesse Livermore.

Those who can be right and sit tight.

Appendix.

Index.

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