Book description
Get this handy roadmap to making money in the commodities market.
Getting Started in Commodities shows you how to successfully invest in the commodities market in futures, stocks, stock indices, and options. The book explains how the commodities market works as well as how investors can identify and track commodity opportunities -- using fundamental factors such as supply and demand and technical analysis tools. Fontanills, a seasoned trader and educator, also explains the basis of money management, teaches you how to find the best broker, and how to read seasonal chart patterns. Finally, he explores how to build a winning system and test and adjust it for success. Helpful appendices of contract specifications and additional readings are also included.
Table of contents
- Cover Page
- Series Page
- Title Page
- Copyright
- Dedication
- Contents
- Foreword
- Acknowledgments
- About the Author
- Chapter 1: What Is a Commodity
-
Chapter 2: How the Commodities Markets Work
- The Need for a Commodities Market
- Fundamental versus Technical Analysis
- Options Spreads
- U.S. Commodity Exchanges
- It's the Pits
- Electronic Trading
- Exchange Ownership and Membership
- Clearinghouses
- Margin
- Orders
- Deliveries
- Volume and Open Interest
- Popular Commodity Contracts
- Chicago Mercantile Exchange (CME)
- Summary
- Chapter 3: Commodity Trading in the Stock Market
-
Chapter 4: Commodity Trading in the Index Markets
- The Case for Indexing
- Commodities as an Asset Class
- Broad-Based Commodity Indexes
- Commodity Research Bureau Index
- Goldman Sachs Commodity Index
- Dow Jones-AIG Commodity Index
- Rogers International Commodity Index
- Deutsche Bank Liquid Commodity Index
- Index Performance
- Components of Return
- Broad-Based Index Futures
- Narrow-Based Index Futures
- Taxes on Futures
- Commodity Index Mutual Funds
- Exchange-Traded Index Funds (ETFs)
- Mutual Fund Purchase/Sale Model
- Broad-Based ETFs
- Narrow-Based ETFs
- HOLDRs
- Exchange-Traded Notes (ETNs)
- iPath ETNs
- TRAKRs
- Summary
- Chapter 5: Fundamental Analysis of the Commodities Markets
-
Chapter 6: Technical Analysis of the Commodity Markets
- Types of Indicators: Leading, Turning Point, and Lagging
- Classic Technical Analysis Tools
- Moving Average Trading Applications
- Moving Average Convergence/Divergence (MACD) Indicator
- MACD Trading Applications
- Stochastics
- Relative Strength Index (RSI)
- Average Directional Index (ADX)
- Bollinger Bands
- Support and Resistance Trading
- Summary
- Chapter 7: Elliott Wave Trading for Commodities
-
Chapter 8: Options Trading in the Commodity Markets
- What Is an Option?
- The Basics of Options
- Understanding Option Pricing Models and Theoretical Value
- Implied Volatility
- Understanding the Greeks
- Delta
- Gamma
- Vega
- Theta
- Rights and Obligations of Option Buyers and Writers
- Underlying Price and Position Profit/Loss
- Time Decay
- Breakeven Points
- Maximum Profit and Maximum Risk
- The Primary Uses of Options
- Option Trading Strategies
- Summary
-
Chapter 9: Money Management: Staying in the Game
- Understanding the Money Game
- Understanding the Risks Involved in a Commodity Trade
- Dealing with Risk
- Slippage and Running of Stops
- Fast Markets
- Money Management from the Top Down
- How Much Money Do You Have Available to Commit?
- The Role of a Mechanical System
- Tools for Controlling Risk and Maximizing Profits
- Determining How Many Contracts to Buy
- Other Considerations in Setting Stops
- Summary
-
Chapter 10: Psychology 101: Winning the Mind Game
- The First Step toward Trading Success: Setting Realistic Expectations
- How the Commodity Markets Can Fool You
- Cut Your Losses
- Risk Management
- Winning and Losing Streaks
- The Three Great Obstacles to Trading Success
- The Importance of Having a Trading Plan
- The Key Elements of the Trading Plan
- Periodic Checkups
- Applying Proper Account Sizing
- Trader's Enemy #1: A Lack of Discipline
- The Trader's Paradox
- Summary
- Chapter 11: Trading Commodity-Related Growth Stocks
- Chapter 12: Seasonal Commodity Patterns
-
Chapter 13: Brokers and the Online Revolution
- Ask Your Friends
- Assess Your Needs
- Understanding Margin
- The Online Trading Revolution
- Electronic Trading at the CME and Globex
- What Is Globex?
- Electronic Trading at the New York Mercantile Exchange
- Other Products
- Selecting a Broker to Trade Electronically
- Noncomputerized Commodities and the Future
- Summary
- Chapter 14: Putting It All Together
- Appendix
- Glossary
- Index
Product information
- Title: Getting Started in Commodities
- Author(s):
- Release date: July 2007
- Publisher(s): Wiley
- ISBN: 9780470089491
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