Publisher's Synopsis
In their quest for trading commodities profitably, beginning traders spend a substantial amount of time studying market theory, various types of market analysis, and paper-trading in the futures and options markets. Yet, almost all of them fail to take the necessary steps to ensure their trading environment is conducive for the profits they seek. "A Trader's First Book on Commodities" aims to fill the void in trading literature that overlooks the importance in making the right decisions before ever placing a commodity trade such as fully understanding market mechanics and logistics, choosing a proper trading platform, understanding order types, being aware of market data fees and policies, how to quote and calculate profit or loss in each of the commodity markets, preparing for margin calls, and the only magic in trading-humility.
A Trader's First Book on Commodities is guaranteed to shorten the learning curve for beginning traders while offering seasoned traders a new perspective on familiar topics. There is more to trading than computer-generated oscillators and trendlines; choosing the wrong trading platform, brokerage, or order type can do more harm to a trading account than choosing the wrong technical indicator.
"Trading commodities is a game of mental stability; without the proper understanding of the futures and options markets and the ability to remain calm, it is difficult to make rational trading decisions. The goal of this book is to enable traders to create a trading environment lacking peripheral distractions or stress which, in turn, mitigates emotions and improves the odds of trading success. In short, the third edition of A Trader's First Book on Commodities is everything you need to know and do before you ever place a trade."
