Trading Commodities and Financial Futures · A Step-By-Step Guide to Mastering the Markets (4th Edition) by Kleinman, George -- Read -- Imperial Library of Trantor

Index

Title Page Copyright Page Praise for Trading Commodities and Financial Futures, Third Edition Dedication Page Contents Important Risk Disclosures Acknowledgments About the Author Introduction 1. The Four Essentials

Do you have what it takes? Patience Knowledge Guts Health and rest

2. How to Become a Successful Trader 3. A Diabolical Story 4. The Futures Primer

Futures markets and the futures contract It is as easy to sell “short” as to buy “long” Margin and leverage Delivery months Brokers and commissions The players Basis risk The short hedge The long hedge The basis Speculators versus hedgers How is the price determined? Order placement Another true story

5. The Options Course

An options primer An option for what? Advantages and disadvantages of options Types of options Strike prices Styles of options How are option prices quoted? Buy ’em and sell ’em Advantages and disadvantages of selling options How options work How are option prices determined? How changes in the price of the underlying commodity change an option’s premium Exercising profitable options Should you ever exercise an option? If selling options puts the odds in my favor, why not do it? Options as a hedging tool Stock index options Advanced option strategies Straddles and strangles Ratios Eight winning option trading rules

6. The Intermediate Trading Course (Or Just Enough Knowledge to Be Dangerous!)

Fundamental analysis Technical analysis Which is best: fundamental or technical analysis? The 4 futures groupings Financial futures Energies Agriculturals Metals Continuing your commodity trading education Contrary opinion theory Spreads

7. Algorithms Eliminating People

Open outcry is dead Rogue algos Exploding volatility Speeds accelerating Melding the old with the new Panics, manias, and bubbles Explosive commodity demand

8. The Advanced Trading Course

Fundamentals versus technicals Does technical analysis really work? The trend is your friend Basic chart analysis The trendline Trend channels Support and resistance Breakouts from consolidation Additional classic chart patterns Volume Open interest RSI Stochastics Elliot wave analysis Point and figure charts Japanese candlestick charts Spreads—a valuable forecasting tool Head and shoulders GK’s significant news indicator Breaking par

9. The Moving Averages Primer

Bottom pickers versus trend followers A moving picture The simple moving average How many days should you use in your moving average? Alternatives to the SMA Exponential and weighted moving averages Natural numbers

10. GK’s Pivot Indicator

Generating the buy signal Generating the sell signal The pivot indicator method in practice Diversification

11. And Finally

Determining your motive Overcoming the six hurdles to trading success Developing the winning touch If you don’t feel right, you won’t trade right Jesse’s secret Comments or questions?

Appendix. 25 Trading Secrets of the Pros

Secret 1: The trend is your friend! Secret 2: When a market is cheap or a market is expensive, there probably is a good reason Secret 3: The best trades are the hardest to do Secret 4: Have a plan before you trade and then work it Secret 5: Be aggressive Secret 6: No regrets Secret 7: Money management is the key Secret 8: Success comes easier when you specialize Secret 9: Patience pays Secret 10: Guts are as important as patience and more important than money Secret 11: The “tape” (quotes) will trick you Secret 12: Be skeptical Secret 13: Be time cognizant Secret 14: Watch the reaction to “the news” Secret 15: Never trade when you’re sick, worried, or tired Secret 16: Overtrading: your greatest enemy Secret 17: Keep a cool head during blow-offs Secret 18: Never let a good profit turn into a loss Secret 19: When in doubt, get out Secret 20: Spread your risks by diversification Secret 21: Pyramid the correct way Secret 22: Watch for breakouts from consolidation Secret 23: Go with the relative strength Secret 24: Limit moves are important indicators of support and resistance Secret 25: Never average a loss

Index Financial Times Press