A TRADERS FIRST BOOK ON COMMODITIES
EVERYTHING YOU NEED TO KNOW ABOUT FUTURES AND OPTIONS TRADING BEFORE PLACING A TRADE
Carley Garner
T H I R D E D I T I O N
ISBN: 9781948018005
Library of Congress Control Number: 2017956607
2017 Carley Garner.
All rights reserved.
Published by DeCarley Trading, LLC
an Imprint of Wyatt-MacKenzie
www.DeCarleyTrading.com
This book was previously published by:
Pearson Education, Inc.
DeCarley Trading, LLC
TABLE OF CONTENTS
RISK DISCLOSURE
There is a substantial risk of loss in trading futures and options. Past performance is not indicative of future results.
The information and data contained in this text was obtained from sources considered reliable. Their accuracy or completeness is not guaranteed. Information provided in this book is not to be deemed as an offer or solicitation with respect to the sale or purchase of any securities or commodities. Any decision to purchase or sell as a result of the opinions expressed in this text will be the full responsibility of the person authorizing such transaction.
Seasonal tendencies are a composite of some of the more consistent commodity futures seasonals that have occurred over the past 15 or more years. There are usually underlying, fundamental circumstances that occur annually that tend to cause the futures markets to react in a similar directional manner during a certain calendar year. While seasonal trends may potentially impact supply and demand in certain commodities, seasonal aspects of supply and demand have been factored into futures & options market pricing. Even if a seasonal tendency occurs in the future, it may not result in a profitable transaction as fees and the timing of the entry and liquidation may impact on the results.
No representation is being made that any commodity trading account has in the past, or will in the future, achieve profits using these recommendations. No representation is being made that price patterns will recur in the future. There is an unlimited amount of risk in option selling or open-ended option spreads.
ACKNOWLEDGMENTS
This book is dedicated to loyal DeCarley Trading brokerage clients, my colleagues, and Jim Cramer. The markets are treacherous and unforgiving at times but Im fortunate to be surrounded by supportive, intelligent, and encouraging people.
ABOUT THE AUTHOR
Senior Commodity Market Strategist and Broker, Stocks & Commodities Magazine Columnist, TheStreet.com Contributor, and Author
Carley Garner is an experienced futures and options broker with DeCarley Trading, a division of Zaner Group, in Las Vegas, Nevada. She is also the author of Higher Probability Commodity Trading; A Trader's First Book on Commodities; Currency Trading in the Forex and Futures Markets; and Commodity Options. Her e-newsletters, The DeCarley Perspective, and The Financial Futures Report, have garnered a loyal following; she is also proactive in providing free trading education.
Carley is a magna cum laude graduate of the University of Nevada Las Vegas, from which she earned dual bachelors degrees in finance and accounting. Carley jumped into the options and futures industry with both feet in early 2004 and has become one of the most recognized names in the business. Her commodity market analysis is often referenced on Jim Cramers Mad Money on CNBC and she is a regular contributor to TheStreet.com and its Real Money Pro service.
Carley has also been featured in the likes of Technical Analysis of Stocks & Commodities, Futures, Active Trader, Option Trader magazines, and many more. She has been quoted by Investors Business Daily and The Wall Street Journal and has also been known to participate in radio interviews. She can be found on the speaking circuit. Visit Carley at www.DeCarleyTrading.com .
Keep in touch on social media:
| @carleygarner |
| DeCarleyTradingCommodityBroker |
| decarleytrading |
PRAISE FOR A TRADER'S FIRST BOOK ON COMMODITIES BY CARLEY GARNER:
As an industry insider and active trader, Carley provides excellent perspective in trading commodities. She simplifies the process and explains in detail how to gain access to the markets and how to avoid the common mistakes for novice traders. This is a must-read and one that has shelf life as an important resource in commodities trading.
Stephanie Link, TIAA Investments Equity Portfolio Manager, an affiliate of Nuveen
This book provides the type of information every trader needs to know and the type of information too many traders had to learn the hard and expensive way. Carley offers practical need-to-know, real-world trading tips that are lacking in many books on futures. It will help not only the novice trader but seasoned veterans as well. This book will serve as a must-have reference in every traders library.
Phil Flynn, Futures Account Executive at Price Futures Group, and a Fox Business Network contributor.
This easy-to-read introduction to futures trading provides a comprehensive overview while being honest about the risks. If you are as hard working as Carley is, it will surely whet your appetite to read more about the incredible business of trading commodities!
Linda Raschke, LBRGroup/FuturePath
This book has the perfect name, the perfect message, and the necessary information for any beginning trader. Take this book home!
Glen Larson, President, Genesis Financial Technologies, Inc.
As a 35-year veteran of the CME/CBOT trading floor, I can tell youthose who think they can begin trading commodities without knowing the less talked about topics that Carley discusses in A Traders First Book on Commodities are sadly mistaken. Anyone who trades their own account, or would like to, should read this book.
Danny Riley, MrTopStep.com
I own and operate one of the longest running independent brokerage firms in the industry. Take it from me, there is a lot more to futures trading than studying charts and reading the news; this book delivers what most commodity books are missing. Carley goes a long way toward shortening the learning curve for anybody that is serious at getting involved in the futures and options markets. A Traders First book on Commodities is a must-have for newbies or experienced traders looking for a fresh perspective.
Matt Zaner, Zaner Group LLC
Carley does a masterful job connecting the rich history of commodity trading with the modern day trading markets. Its not easy trading any market, but this book gives any trader a chance to advance their knowledge. While times have changed, the art of trading commodities has not; this piece is a must-have for a trader getting started.