Chapter 8. Making Cents of Commodity Quotes
Too many stock traders or aspiring commodity traders are discouraged from participating in the futures markets by the complexity of the pricing. Even worse, others venture into the markets relying on their trading platform to calculate their trading results after they execute the trade.
“Risk comes from not knowing what you are doing.”
—Warren Buffet
I believe that becoming comfortable with commodity quotes and calculating profit and loss in each market is even more critical than accurate market speculation. In fact, until you are proficient in determining position and contract value, you shouldn’t be risking money in the markets. After all, if you can’t measure your reward, how can you possibly manage ...
Get Learn How to Trade Commodities (Collection) now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.
