Trains first time traders in the importance of making a series of right decisions before ever placing a commodity trade. Presents detailed instruction on fully understanding market mechanics and logistics...choosing a proper trading platform...understanding order types...quoting and calculating profit or loss in each of the commodity markets...preparing for margin calls...and much more.
Guides traders through the process of commodity market analysis, strategy development, and risk management. Discusses several alternative market concepts and unconventional views such as option selling tactics, hedging futures positions with options, and combining the practice of fundamental, technical, seasonal, and sentiment analysis to gauge market price changes.
Presents imaginative and unconventional commodity options strategies intended to reduce the hazards of speculation as well as help businesses improve the efficiency of their hedging activities. Through tough-learned lessons, this book tackles the nearly impossible task of streamlining the process of developing an appropriate options strategy for any market environment and risk tolerance, then making the necessary mid-trade adjustments to improve the odds of success.