Trading commodities and financial futures: a step-by-step guide to mastering the markets, third edition

Thanks to his wealth of experience, George Kleinman has written a user-friendly guide to trading futures that no trader can afford to ignore.-Patrick L Young, author, New Capital Market Revolution and Chairman, erivatives.comCongratulations to George Kleinman for writing a comprehensive futures compendium that should be mandatory reading for anyone considering futures trading. Kleinman dispels the myth that the individual trader always loses against the Goliaths in the markets.-Mary Cashman, Head of International Operations, Global Commodity IntelligenceDiscipline and execution are the two most important and difficult aspects in trading. George Kleinman offers the solutions to the problems, and they are superb. Clear, crisp writing that will keep you reading and help you become a superior trader.-Yiannis G. Mostrous, Editor, Wall Street Winners, Financial AdvisoryWithout a doubt the best book I have read on the industry! Perfect for the novice speculator, yet comprehensive enough for the seasoned veteran to refer back to time and again. The trader who has been around awhile will enjoy reading the stories. Believe me, they are true!-Joseph M. Orlick, The Chicago Board of TradeMore 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 winnerThe trend is your friend How to use techniques designed to generate profits in a trending marketThe fundamentals: supply and demand in every key market Mastering the markets, from crude oil to soybeans, gold to coffee, foreign exchange to stock index futuresTMVTT: The most valuable technical tool A unique trading methodology-how it works and how to use itWhen to get in, when to get out How to recognize the beginning-and end-of major market movesTwenty-five trading secrets of the pros A lifetime's experience, distilled into twenty-five crucial tipsGeorge 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© Copyright Pearson Education. All rights reserved.