In 1995, due to a poor domestic crop, China turned from the largest corn exporter in Asia into a corn importer. China, in particular, is in the back of investor's minds these days because it is driving the most powerful investment trend witnessed since the tech bubble burst in 2000. George has developed his own proprietary trading techniques, some of which are highlighted in this edition. Some call trading a young man's game; however, I can honestly say that after 25 years in the business, I now trade with less stress and better results than I did when I was younger and more impulsive. An international best seller now extensively updated for new market realities, strategies and trends! What will it take to succeed? China can't grow enough food to feed its people which is behind the huge exports of soybeans and wheat to China. George Kleinman's Trading Commodities and Financial Futures stands 'head and shoulders' above the rest. George Kleinman will help you become one of the winners.
Fortunately, you can profit consistently-- and this tutorial will show you how. Previous editions of Kleinman's Commodity Futures and Options became international best sellers. The stakes are high, but for those who know how to play well, the rewards can be immense. The clerks, manning the phones surrounding the pit, are on high alert. For now, think of this as a game Financial markets come in many flavors. All nations face a crop failure every decade or so. This, the third edition of Trading Commodities and Financial Futures, is probably my last book I'm a trader, not a writer and no doubt my best work.
. However, this book is not a scholarly treatise, and it is not about investing for your retirement. You should understand from the outset that commodity futures are a zero sum game. Because of the leverage inherent in commodity futures, more fortunes are made and lost more quickly than in any other markets. Yet, with all the potential that the commodity futures markets have, few really make out well. When Japan accelerated its economic growth from 1950 to 1970 , Japanese oil consumption rose from 1 barrel per capita per year to more than 17 barrels. 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.
He is a member of the National Futures Association, executive editor of Trends in Futures, and contributing editor to Trading Floor Pro. I call it my best work with all due modesty because I've grown older, and as you grow older, you learn more. But today's computer-driven markets are volatile and chaotic. George has developed his own proprietary trading techniques, some of which are highlighted in this edition. George Kleinman will help you become one of the winners. As head of a trading firm working with individuals and corporations alike, I've witnessed thousands of trades and participated in thousands more.
Do you wonder why that is? At any point in time, except for the split second when a new trade is initiated, someone is winning, and someone is losing. Win it the way it's played right now, with Trading Commodities and Financial Futures, Fourth Edition. This book offers rare access to true knowledge and should be consulted by both professional and individual investors. Mostrous, Global Investment Editor, CapitalistTimes. This is because the older one gets, the less important ego becomes—and I've seen the disasters that can result when ego takes precedence over the major prevailing trend of the marketplace.
Here's an interesting and frightening statistic: The world is adding to its population at the rate of the country of Mexico every year—that's more than 80 million people. I highly recommend this great, new book. It is meant to be a primer and reference source for those of you who are seriously considering, but have not yet taken, the plunge into the shark-infested commodity waters. As their consumer economies continue to expand, it's hard to fathom the stress that will be placed on the world's limited and diminishing capacity to produce crude oil or metals, or food for that matter. 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.
Today, it is the ninth largest exchange in the world—and growing. Previous editions of this bestseller have helped thousands of traders master commodities trading. Today, the United States consumes approximately one quarter of all the oil produced; this is approximately 25 barrels per capita per year. Along the way, I'll share some good stories with you. Commodities should be a part of every investor's portfolio, and this book is a must read for anyone interested in trading these markets.
Why winning commodity traders win Discipline and the vital characteristics of consistently successful traders All the fundamentals in plain English Today's futures and options markets from agricultural commodities, to energy, metals, soft commodities, and financials: what you need to know to start earning profits Mastering the most valuable technical analysis tools Indicators designed to profit from trends 25 indispensable trading secrets of the pros Practical, usable techniques that have stood the test of time 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! Description Commodities have become an asset class every bit as important as stocks and bonds. We customize your eBook by discreetly watermarking it with your name, making it uniquely yours. George has a track record of success in the commodity futures business that spans more than 30 years. Think of commodity futures and options trading as a game—the highest stakes money game in the world, where fortunes are made and lost daily. Of course, I'm still learning and still have a lot left to learn. Luck might play a part in the short run, but in the end, only those players who play the game better will triumph.
If I am able to accomplish this, and you are able to act in a disciplined manner, success is assured. This guide will help you win it the way it's being played right now. As an asset class, commodities are now as important as stocks and bonds - and with rapid growth in demand, profit opportunities in commodities are larger than ever. He is the author of four previous books on commodities and futures trading and is an active trader for clients as well as his own account. When those numbers are released, the market will move big time, creating and destroying fortunes in the process. Hard assets were in vogue. Ideal for every beginning-to-intermediate level trader, speculator, and investor, this guide begins with the absolute basics, and takes you all the way to highly-sophisticated strategies.
This is one of the reasons the stakes are so high. But the game has changed. For example, a large part of increasing the efficiency of Chinese agriculture is fertilizer. As its population becomes richer, subsistence-level eating just isn't good enough. After awhile, you do learn a few things, and it's my goal to share some of what I've learned with you. I've been trading for more than 25 years now.