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
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.
Winning big in commodities and financial futures: The insider's guide for beginners and experienced traders alike
Profit from the new commodity bull market!
Outstanding quick-start guidance for new traders... proven techniques for every trader
What you need to know about trading psychology
Riding market trends: rules for when to get in and when to get out
Expert insight from one of the world's most experienced traders
Customer Reviews:
Customer Rating: Summary: Beginners Guide Comment: This an insightful book about the authors experience with commodity trades. For those who are clueless and watch Mad Money, I wouldn't recommend this book because it doesn't visualization. It's More of a general overview of the basics, it brings a good feeling for individual investors who are stumbling to make a decent decision.
Instead, go with Dona Kline, Kenneth Morris "WSJ: Guide to Understanding Money and Investing" or stick to the Dearborn PassTrack books. Also try Kaplan for continuous education, but don't rely on it too much.
For those who are seriously taking the securities exams, always prepare yourself for 110%, nothing less.
GO FOR IT ! Customer Rating: Summary: Eveything you need, nothing you don't! Comment: I've found that most financial books are either overly simplistic overviews that are rarely more informative than a pamphlet or are filled with arcane academic information that is not put into any useful/practical context. This book does a fantastic job bridging the gap. It begins with an excellent overview on how the markets work, then moves into practical strategies, with an emphasis on which indicators are likely to be most helpful. It's easy to read, in part due to the author's personal touch. Definitely not dry.
To call this book "largely pedestrian" is pompous and petty. If you're new to futures or at an intermediate trading level, do yourself a favor and buy this book! Customer Rating: Summary: a balanced introduction Comment: If trading is about markets, psychology, technique, then this book is an excellent introduction to these areas. Beeing balanced and only 250 pages, the book does not cover the areas in much depth. This might be a positive or a negative according to what one wants. 5 stars because the book is easy to read and gives an excellent big picture view on trading. Customer Rating: Summary: Great Book with a lot pf tips Comment: this book is ideal for beginners and pro's that need some directions on how to make things the right way, i must say i enjoyed the small stories in between , overall whoever is looking to begin trading futures it is a must
Customer Rating: Summary: Excellent Place to Start Your Commodites Trading Education Comment: George Kleinman does a fantastic job of explaining the Commodities and Futures markets. Further, he does a great job helping a new trader get some 'legs' to stand on. He provides valuable insight into developing a trading methodology, and helps the beginning trader 'find his way' in the plethora of trading solutions out there. He demystifies how trading is done, and provides solid "Western" and "Conventional" trading practices so that the beginning trader has an excellent foundation to expand their knowledge. I would say that George's suggestions and lessons in the book are the basis for my knowledge (book smarts at this point) and provided the grounding necessary for expanding my knowledge base into Fibonnaci, WD Gann, Candlesticks, and so much more. Basically, it is my opinion that every beginning trader (not stocks but Commodities and Futures) should read this book. He does an excellent job explaining how trades, stops, support, resistance, MACD, Stochastics, Trend Lines, many other various methodologies can aid a trader into making good trades. I highly recommend this book.