TraderPlanet.com Reviews Carley Garner's Best of 2013 nominated Commodity Trading Book
Carley Garner’s A Trader's First Book on Commodities (2ndedition), gives traders specific guidance on accessing commodity markets cost-effectively. Drawing on her extensive experience teaching traders, Garner shows traders how to calculate profit, loss, and risk in commodities. She shows the reader how to choose the best brokerage firm, find the best service level, locate data sources, and to determine the best futures and options trading platforms with the best market access.
Trading commodities has huge potential for large profits, but with that comes the potential for huge losses. Traders need significant practical knowledge of the dangers and market characteristics in order to succeed. Garner’s book is an excellent place to begin gathering the knowledge. Written in a straight-forward manner, the book translates complex ideas into readily understandable information. Garner avoids pounding the reader with abstract theory or bewilderingly complex trading strategies.
Garner lays out how to avoid the common mistakes beginners make, which shows traders how to improve the odds of making profitable trades. What is particularly helpful to those just learning how to trade commodities is Garner’s demystifying the complex language of commodity trading and her ability to walk traders through the entire trading process one step at a time.