Traders are often lured to into the futures markets with a fascination for day trading. The thought of trading leveraged contracts without overnight risk is appealing to many, but underestimated by most. As a retail broker I have had the pleasure, and the pain, of watching day traders attempt to profit through strategies ranging from scalping to "position" intraday trading which spans several hours. Read More
Think Outside of the Box: Increase the Odds of Success with Option Selling
The characteristics of unlimited profit potential and limited risk lure traders to long options but we argue that limited risk doesn't necessarily mean less risk. In fact, it is quite possible that option buying is far riskier than option selling simply due to the probability of success that each strategy faces. Read More
It All Makes Cents: Calculating Profit and Loss in Commodity Futures and Options
One of the most frustrating aspects of trading commodities is getting comfortable with how each contract is quoted, what the point value or multiplier of each contract is and most importantly how to calculate the profit, loss and risk of a trade. Read More
Futures Order Types, and Placing Commodity Trades
Sometimes it is the small details that make the big difference in performance. Familiarity with order types and how to properly place each of them is critical to being a successful trader. Market prices and dynamics are ever-changing, making every second count. Regardless of whether you are trading online or through a broker, knowing the type of order you need to place and placing it accurately is vital. Read More
Calculate Currency Futures P&L with Dollars and Sense
Thanks to the CME; financial institutions, investment managers, corporations and private entrepreneurs have a regulated and centralized forum in which they can manage their risk exposure to changes in currency valuations. Naturally, where there are hedging opportunities there is also room for mass speculation and that is exactly what occurs every Sunday afternoon through Friday at the CME. Read More
Stock Index Futures Trading: Before Putting your Money on the LIne, you Should Know the Basics.
If you are like most people, you work hard for your money and the last thing you want to do is see it evaporate in your e-mini futures trading account. Read More
Getting Started in Interest Rate Futures Trading: Calculating P&L
There are several widely traded contracts in the realm of interest rate futures trading. Each of these futures contracts carry slightly differing market characteristics, and in some cases contract sizes, point values, Read More
Carley Garner points out the advantages, and disadvantages of currency speculation in FX, currency futures, and ETFs). Read More
What people are saying about Our Futures and Options Trading Books
Carley works tirelessly to create quality commodity trading education, including her three books published by FT Press.
Higher Probability Commodity Trading
“A great read for both beginner and advanced commodity traders. Carley nails the seemingly impossible task of leveling the playing field by imparting vital concepts in easy to digest bites ...she doesn't leave out the harsh realities and heartbreak many overzealous speculators face"Jon Najarianco-founder NajarianFamilyOffice.com
Commodity Options, Bond Futures, Stock Index Futures, e-mini Trading
John Foreman of The Essentials of Trading recently reviewed "A Trader's First Book on Commodities" by Carley Garner of DeCarley Trading. Here is what he had to say:
I was recently given the opportunity to read Carley Garner’s new book,A Trader’s First Book on Commodities. I think Gardner, who’s bio lists her as Senior Market Analyst and Broker with DeCarley Trading, as well as a columnist for Stocks & Commodities (you may have also seen her articles onTrade2Win), has put together a pretty solid introduction to futures trading. Notice I use the term “futures” there rather than “commodities”, though. The book title tends to reinforce the view that commodities and futures are the same thing. The markets were effectively the same thing for many years, but the advent of financial futures a couple decades back means commodities are in reality just one facet of the futures markets at this point. Gardner’s writing doesn’t restrict itself just to commodities in her discussion of futures trading, though.
That little terminology nitpick aside, like I said, it’s a solid introductory book. One of its strengths is that Gardner spends more time than most authors do talking about the brokerage side of trading. It’s something a lot of users are likely to benefit from as they make their own trading plan decisions.
In standard introductory trading book fashion, the book also covers the usual material on market history, market structure, margin, terminology, instruments, order types, and quotes. She’s also got solid discussions on the subject of trading as a business and the emotional side of playing the markets.