The New Commodity Trading Guide: Breakthrough Strategies for Capturing Market Profits
$8.05
| Author(s) | |
|---|---|
| Pages |
190 |
| Format |
|
| Published Date |
2009 |
In The New Commodity Trading Guide, commodities expert George Kleinman reveals the new practical realities of worldwide electronic commodities trading and specific strategies for capitalizing on today’s radically different markets. Kleinman shows how to leverage the one indicator that consistently drives commodity prices today introduces the right ways to trade on news and profit from trends reveals consistent seasonal price shifts that mean huge profits shows which conventional strategies still work.
Author’s Introduction:
As you read The New Commodity Trading Guide, be aware that “New” will always be in the title whenever you read this. So at what point does this book become similar to the pit trader—obsolete and no longer “new”? The book presents commodity trading in a new light because I believe the commodity markets perform differently today than any time before. During most of my career, which spans more than 30 years, futures trading was viewed as a casino. Now many financial planners treat commodities as an asset class, and they allocate a portion of their portfolios to commodities alongside traditional stocks and bonds.
Then consider the electronic factor that has dramatically changed the way the markets behave. Add in increased demand from the emerging economies, the hedge funds and the index funds, and you’ve planted the seeds for change. Because the commodity markets act differently now, new techniques are required for trading success. Still, it’s important to remember that these four words—“it’s different this time”—have collectively resulted in more lost money for more traders than any others.
Contents:
- Eliminating People
- Capturing a 5,000% Return
- Two Chart Patterns That Work!
- The Voice from the Tomb
- The Soy Secret
- The Significant News Indicator
- Breaking Par
- The Trend Is Your Friend
- The Natural Number Method
- Trading Chaos
The New Commodity Trading Guide: Breakthrough Strategies for Capturing Market Profits By George Kleinman pdf
8 reviews for The New Commodity Trading Guide: Breakthrough Strategies for Capturing Market Profits
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Abraham Horn (verified owner) –
Very interesting methods for frequent traders. However, one thing which was obvious from the author’s many examples was his deep knowledge of the sectors which he was trading and his reliance on that knowledge.
Ellis Arnold (verified owner) –
excellent
Julian Alvarado (verified owner) –
The book is another beginner book for trading commodity futures. It offers two very simple strategies (like always trade wheat at some fixed days). The author demonstrates that it works most of the time – but the charts presented clearly show that simple moving averages would have resulted in a better performance.
Walker Marsh (verified owner) –
I generally do not write reviews, however I found the strategies in this book so beneficial for any serious trader (or serious trader-to-be) that I felt compelled to add my two cents.
The concepts presented in the Trading Guide are elegant, simple yet profound. The author points out there’s no `Holy Grail’, however I have already used his SNI and Voice from the Tomb for successful trades, and his `Breakthrough Strategy’ in my experience identifies the major trends more often than not.
In response to `Old Fashioned’ I felt this review unfair in that the moving average explanation was tucked not in the body of the book but in the Appendix with this section specifically targeted for novices not familiar with how these work (and I do not see where he talks about calculating by hand?) Don’t let this one review put you off as the body of the book presents many old and new useful concepts some I have not seen before in my many years of trading.
An excellent and essential trading book for anyone trading or thinking of trading commodity futures.
Anya Santos (verified owner) –
More excellent writing by Mr. Kleinman.
Adelina King (verified owner) –
Any book that gives a trader the formula for calculating moving averages in this day and age is struggling for material. Any trader who is calculating moving averages by hand or programing them in themselves has too much free time on their hands.
The book does offer one interesting trading strategy but with no statistical evidence to back it up.
It may be worth a read for some simply for the strategy. Otherwise, the book is for novices only and would be incomplete for them at that.
Kyle Kirk (verified owner) –
Very good and clear explanation of some methods used in Commoditiy Trading. To keep it as reference and also for the future to refresh the memory about the methods described.
Westley Barron (verified owner) –
Great info. Essential reading, for every serious trader. Many books have been written over the years fully validating trend following (more like riding) but yours, shows readers How to – select and then actually trade a trend, using simple, easy to see and reliable patterns.
Congratulations. You have provided a great gift to investors and traders – a basis for success, to those who truly want it. An excellent book.