Description
Commodities have become an asset class every bit as important as stocks and bonds. As the world adds 80 million new consumers every year, commodities’ profit opportunities have grown larger than ever. If you’re an active trader, you need to be in these markets. But in an era of unprecedented volatility driven by high-frequency computer trading, most commodities traders lose money. George Kleinman will help you become one of the winners. Kleinman introduces powerful new trend-based techniques for making the trades that are right in your “sweet spot for profits. You’ll learn exactly how the commodities markets have changed – and how you can use consistent discipline to avoid “shark-infested waters and manage the market’s most dangerous risks. Building on more than 30 years of success, Kleinman begins with the basics, explaining how futures and options trading work today, how trading psychology impacts commodity markets, and how to avoid the latest pitfalls. He offers extensively updated coverage of electronic trading, today’s contracts, and advanced trading techniques – including his own exclusive Pivot Indicator approach. Three previous editions of this book have become international best-sellers; they’ve helped thousands of traders master commodities trading. But the game has changed. Win it the way it’s played right now, with Trading Commodities and Financial Futures, Fourth Edition. Introduction 1 Chapter 1: The Four Essentials 5 Chapter 2: How to Become a Successful Trader 11 Chapter 3: A Diabolical Story 17 Chapter 4: The Futures Primer 21 Chapter 5: The Options Course 45 Chapter 6: The Intermediate Trading Course (Or Just Enough to Be Dangerous!) 75 Chapter 7: Algorithms Eliminating People 115 Chapter 8: The Advanced Trading Course 127 Chapter 9: The Moving Averages Primer 193 Chapter 10: GK’s Pivot Indicator 205 Chapter 11: And Finally 219 Appendix: 25 Trading Secrets of the Pros 229
