About this product: According to Jim Rogers, "commodities get no respect." Here are a few reasons why he thinks they should: they are easier to comprehend and study than stocks and behave more rationally since they are subject to the basic laws of supply and demand; they have outperformed many other investment options in recent years; it is foolish to ignore an entire sector of the marketplace; and a bull market is currently under way in commodities--a trend that Rogers expects to last for a least a decade longer. Further, Rogers believes that you cannot be a successful investor in stocks, bonds, or currencies without an understanding of commodities. Hot Commodities: How Anyone Can Invest Profitably in the World's Best Market is designed to introduce the novice to the basics of investing in commodities as well as explain what they are and why they are important. In doing so, he shatters some myths about the relative risks of commodities, explains the relationship between the stock and commodities markets, and provides a succinct analysis and history of the global oil, gold, lead, sugar, and coffee markets.
Rogers also offers practical advice and information for beginners, including the best resources, how to read the commodities reports in the newspaper or on television, the various ways to open an account, information on index funds (such as Rogers' own index fund that he started in 1998), mechanisms, terminology, and other vital details people must know before investing. Clearly written and entertaining, Hot Commodities offers a solid introduction to investments that many people, including financial advisors, fail to give the proper respect. --Shawn Carkonen
About this product: Commoditization-a virulent form of hypercompetition-is destroying markets, disrupting industries, and shuttering long-successful firms. Conventional wisdom says the best way to combat commoditization is differentiation. But differentiation is difficult and expensive to implement, and keeps you ahead of the pack only temporarily.
In Beating the Commodity Trap, Richard D'Aveni provides a radical new framework for fighting back. Drawing on an in-depth study of more than thirty industries, he recommends first identifying the commoditization trap you're facing:
-Deterioration: Low-end firms enter with low-cost/low-benefit offerings that attract the mass market-as Zara did to high-end fashion companies.
-Proliferation: Companies develop new combinations of price paired with several unique benefits that attack part of an incumbents' market-as Japanese motorcycle makers did to Harley-Davidson.
-Escalation: Players offer more benefits for the same or lower price, squeezing everyone's margins-as the iPhone did in mobile devices.
The author provides a tool for diagnosing your competitive position and shows how to strengthen it while also boosting your pricing power-by destroying the commoditization trap confronting you, escaping it, or turning it to your advantage.
Illustrated with a wealth of examples, this concise, practical guide gives you the framework and tactics you need to battle commoditization.
About this product: Synopsis The human imagination is the key battleground in the conflict between the kingdom of God and the consumer culture. Drawing from the vivid imaginations of Impressionist painters, particularly Vincent van Gogh, each chapter of The Divine Commodity uses personal narrative, biblical exposition, and cultural observation to show how consumerism has shaped our faith, and then challenges the reader to use their sanctified imagination to envision an alternative way of expressing the Christian life in our culture.
Description: The challenge facing Christianity today is not a lack of motivation or resources, but a failure of imagination.
A growing number of people are disturbed by the values exhibited by the contemporary church. Worship has become entertainment, the church has become a shopping mall, and God has become a consumable product. Many sense that something is wrong, but they cannot imagine an alternative way. The Divine Commodity finally articulates what so many have been feeling and offers hope for the future of a post-consumer Christianity.
Through Scripture, history, engaging narrative, and the inspiring art of Vincent van Gogh, The Divine Commodity explores spiritual practices that liberate our imaginations to live as Christ's people in a consumer culture opposed to the values of his kingdom. Each chapter shows how our formation as consumers has distorted an element of our faith. For example, the way churches have become corporations and how branding makes us more focused on image than reality. It then energizes an alternative vision for those seeking a more meaningful faith. Before we can hope to live differently, we must have our minds released from consumerism's grip and captivated once again by Christ.
"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.com
"Congratulations 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 Intelligence
"Discipline 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 Advisory
"Without 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 Trade
More 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 winner
The trend is your friend How to use techniques designed to generate profits in a trending market
The fundamentals: supply and demand in every key market Mastering the markets, from crude oil to soybeans, gold to coffee, foreign exchange to stock index futures
TMVTT: The most valuable technical tool A unique trading methodology–how it works and how to use it
When to get in, when to get out How to recognize the beginning–and end–of major market moves
Twenty-five trading secrets of the pros A lifetime's experience, distilled into twenty-five crucial tips
George 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
“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 trader’s library.”
--Phil Flynn, Vice President and Senior Market analyst at PFGBest Research, and a Fox Business Network contributor
“Refreshing–It’s nice to see a broker who has actually been exposed to the professional side of trading and who bridges that chasm between exchange floor trading and customer service. Carley takes the time to explain verbiage, not just throw buzz words around. A good educational read in my opinion.”
--Don Bright, Director, Bright Trading, LLC
“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 you…those who think they can begin trading commodities without knowing the less talked about topics that Carley discusses in A Trader’s First Book on Commodities are sadly mistaken. Anyone who trades their own account, or would like to, should read this book.”
--Danny Riley, DT Trading
The Simple, Practical, 100% Useful How-To Guide for New Commodities Traders
You can make large profits by trading commodities--but you’ll need significant practical knowledge of the associated risks and market characteristics before you start. That’s where this book comes in. You won’t find boring theory or bewilderingly complex trading strategies here. You will find specific guidance on accessing commodity markets cost-effectively, avoiding common beginners’ mistakes, and improving the odds of successful, profitable trades.
Drawing on her extensive experience teaching traders, Garner shows how to calculate profit, loss, and risk in commodities, and choose the best brokerage firm, service level, data sources, and market access for your needs.
Garner demystifies the industry’s colorful language, helps you clearly understand what you’re buying and selling, and walks you through the entire trading process. She concludes with a refreshingly new look at topics such as trading plans, handling margin calls, and even maintaining emotional stability as a trader.
Know the players, know the language, know the techniques
Master the basics painlessly and avoid beginner’s mistakes
Choose the right brokerages, services, trading platforms, and tools
Get what you need; don’t pay for what you don’t need
Make sense of confusing commodities quotes
Know what you’re buying, what it costs, the returns you’re earning, and the risk you’re taking
Build a flexible trading plan that works
Predict price, manage risk, and make trades that reflect your analysis
About this product: "I've been trading stocks and commodities for more than 30 years, and I've read any number of how-to books, but George Kleinman's The New Commodity Trading Guide is as clear, precise, and useful as any book I've come across during my career. I cannot recommend it strongly enough, if for no other reason than George finally explains 'The Voice from the Tomb' better than any of the old guard at the CBOT. Read it and reap."--Dennis Gartman, editor/publisher The Gartman Letter, L.C. "Commodities present great financial opportunity and, as every hedge fund and trader has experienced, great risk. This book shows how to use commodity trading and volatility to capture excess profits while limiting losses. These lessons are as critical for investors as they are for traders, as we are likely to be in a volatile trading environment for the foreseeable future."--Daniel J. Dart, private investor and COO, Merrill Lynch Investment Managers, Third Party Group (retired) "George Kleinman's book has just the right blend of practical trading wisdom, technical charting, and fundamental analysis. It's full of revealing discussions about seasonal trading patterns and long term trends. But most importantly it presents a balanced view that honestly reveals both the difficulties and advantages of being a private commodities trader. There's something here for both experienced investors and beginners interested in learning from a seasoned expert."--Jeff Augen, author of The Volatility Edge in Options Trading and Trading Options at Expiration "I highly recommend George Kleinman's The New Commodity Trading Guide. George's insights, the result of 25 years of successful trading experience, are explained in a way that a new trader can grasp and, at the same time, an experienced trader can translate into his own trading. Best of all, George presents many of his own creative trading methods including his Natural Number Method, explained for the first time in this book."--Jeff Quinto, president of Transformative Trading and futures trading coach "Since leaving the trading floor, George is one of the few people I still talk to about the markets, and this book clearly shows why. He is able to take classic time-tested methods of technical analysis and adapt them to the conditions faced by today's electronic traders." --Andrew Stanton, 20-year veteran of the NY trading floors Over the long term, commodities prices are expected to rise based on massive increases in global demand. But, as many investors have discovered the hard way, merely knowing this is not enough to make consistent profits. Fundamental changes in the commodities markets have occurred that have implications most investors do not understand. For instance, century-old "open outcry" trading floors have now been replaced with computerized trading. 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 (and which don't!). Finally, he introduces the Natural Number Method, a breakthrough approach that any commodities trader can use to supercharge performance! *Capturing the 5000% return What you can learn from one of history's fastest price moves *"Breaking par": how you can profit from market psychology How to make profitable trades right after market barriers are shattered*The trend's your friend--if you know how to use it Discover the best times to go with the flow*Why markets behave differently at significant break points...and how to use that knowledge to make big profits*What hasn't changed--and how you can profit from it Two classic chart patterns that continue to work!
About this product: Many people have become very rich in the commodity markets. It is one of a few investment areas where an individual with limited capital can make extraordinary profits in a relatively short period of time. Commodities are agreements to buy and sell virtually anything that is harvested except onions. (A 1958 federal law prohibits trading onions.) Such goods are raw or partly refined materials whose value mainly reflects the costs of finding or gathering them. They are traded for processing or incorporation into final goods. Examples are crude oil, cotton, rubber, grains, and metals and other minerals. Since it is impractical to transport these bulky, often perishable materials, what is actually traded are commodities futures contracts, or options, that are agreements to buy or sell at an agreed upon price on a specific date. Trading in futures and options is speculative in nature and there is a substantial risk of loss. These investments are not suitable for everyone, and only risk capital should be used. As with many other business segments, the Internet and technology have opened up this attractive marketplace to a new breed of individual investors and speculators working part-time. You and I can now stand on an even playing field with the largest banks, wealthiest individuals, and trading institutions from the comfort of home. Commodity trading can provide you with very high, secure rate of return, in some cases as high as 12%, 18%, 24%, or even 300% or more per year. If performed correctly, commodity trading will far outpace all other investments. The key is to know how to perform this process correctly. This all sounds great, but what is the catch? There really is none, except you must know what you are doing! This groundbreaking and exhaustively researched new book will provide everything you need to know to get you started generating high investment returns from start to finish. In this easy to read and comprehensive new book you will learn what commodity trading and futures are, how to set up your account online, how to choose software to use in trading, how to invest in commodities, evaluate their performance, and handle fees and taxes. This book explores numbers of investing strategies and tactics, charting techniques, and position trading. You will pick up the language of a trader so that you recognize terminology and know how to use leverage, call options, put options, advancing and declining issues, advancing and declining volume, the Commodity Channel Index (CCI), and commodity charts, among others. Like the pros who have been trading commodities for years, you will learn how to pinpoint entry, exits, and targets for your trades, and use insider secrets to help you double or even triple your investment all while avoiding the common traps and pitfalls. In addition, we took the extra effort and spent an unprecedented amount of time researching, interviewing, e-mailing, and communicating with hundreds of today's most successful commodity Investors. Aside from learning the basics of commodity and futures trading you will be privy to their secrets and proven successful ideas. Instruction is great, but advice from experts is even better, and the experts chronicled in this book are earning millions. If you are interested in learning essentially everything there is to know about commodity and futures investing in addition to hundreds of tactics, tricks, and tips on how to earn enormous profits in commodity trading while controlling your investments, then this book is for you.
About this product: Don't Miss out on Today's Hottest Trading Arena: Commodity Options! "The authors have written the definitive work on trading commodity options. Their in-depth knowledge of this subject is legendary among industry professionals and expert traders alike, and their ability to relay their knowledge through text, pictures, and the spoken word is unparalleled in our industry." --Lan Turner, CEO, Gecko Software, Inc. "This book captures the realities of commodity option trading in a simple and easy- to-read presentation that will be beneficial for traders of all sizes and skill levels." --Chris Jarvis, CFA, CMT, Caprock Risk Management, LLC "Even the most experienced investors often overlook the fact that options on futures are fundamentally different from options on stocks. This book fills that gap and sets the record straight with clear and concise descriptions that are easy to understand. Guaranteed to become a true source of value creation for anyone interested in trading commodity options." --Jeff Augen, author, The Volatility Edge in Options Trading "Commodity Options arms readers with the strategies and tactics needed to take a more active approach to managing risk in today's turbulent markets. The authors exhaustively break down every component of a commodity option to its lowest common denominator, making this book an essential piece of information for those looking to expand their trading tool box or further build on existing option strategies." --John Netto, Chief Investment Strategist, NetBlack Capital and author, One Shot--One Kill Trading Investors worldwide are discovering the enormous opportunities available through commodity options trading. However, because commodities have differing underlying characteristics from equities, commodity -options behave differently as well. In this book, two of the field's most respected analysts present strategies built from the ground up for commodity options. Carley Garner and Paul Brittain begin with a quick primer on how commodity options work, how they evolved, and why conventional options strategies often fail in the commodity options markets. Next, using detailed examples based on their own extensive research, they show how to leverage the unique characteristics of commodity options in your own trades. You'll walk through trades from "top to bottom," master both long- and short-option approaches, and learn powerful strategies usually ignored in options books. For example, the authors introduce synthetic swing trading strategies that systematically reduce volatility from the market. This book's easy-to-use trading strategies are strategically employed by the author's clients every day: With Commodity Options, you can work to put the odds in your favor, too! / Why commodity options are different--and what it means to you Understand key differences in the underlying assets and the logistics of market execution / Systematically rewrite the odds in your favor Four ways to make winning trades more likely--and losing trades less common / When to trade short options--and how to manage the risk Why careful option selling may improve your odds of success / Master strategies designed for diverse market conditions Combine long and short options to create the right strategy for any market opportunity / Exploit short-lived trends through "synthetic" swing trading Get the advantages of futures contracts without the volatility
About this product: The last few years have been a watershed for the commodities, cash and derivatives industry. New regulations and products have led to an explosion in the commodities markets, creating a new asset for investors that includes hedge funds as well as University endowments, and has resulted in a spectacular growth in spot and derivative trading.
This book covers hard and soft commodities (energy, agriculture and metals) and analyses:
Economic and geopolitical issues in commodities markets
Commodity price and volume risk
Stochastic modelling of commodity spot prices and forward curves
Real options valuation and hedging of physical assets in the energy industry
It is required reading for energy companies and utilities practitioners, commodity cash and derivatives traders in investment banks, the Agrifood business, Commodity Trading Advisors (CTAs) and Hedge Funds.
In Commodities and Commodity Derivatives, Hélyette Geman shows her powerful command of the subject by combining a rigorous development of its mathematical modelling with a compact institutional presentation of the arcane characteristics of commodities that makes the complex analysis of commodities derivative securities accessible to both the academic and practitioner who wants a deep foundation and a breadth of different market applications. It is destined to be a "must have" on the subject.” —Robert Merton, Professor, Harvard Business School
"A marvelously comprehensive book of interest to academics and practitioners alike, by one of the world's foremost experts in the field." —Oldrich Vasicek, founder, KMV
About this product: Since 2002, commodities have outperformed every other asset class including stocks, mutual funds and real estate. If you’re itching to get in on the fun and profit, Commodities For Dummies is the resource you need to find out how to break into the commodities market and understand how to trade and prosper.
You’ll discover:
How commodities stack up against other investment vehicles
How to identify, manage, and overcome risk
The pros and cons of futures, equities, ETFs and mutual funds
Specific techniques for analyzing and trading in commodities
Powerful profits in energy—crude oil, natural gas, coal, nuclear, and alternatives
What you need to know about trading in metals—precious and not-so-precious
How to grow your portfolio with farm products
Featuring time-tested rules for investment success, this comprehensive, user-friendly guide helps you minimize risk, maximize profit, and find the shortest route to Easy Street.
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