Although there have been many books written on the topic of commodities, there are very few that are useful to the beginner. For that reason, we have written this book. The information in this book is presented in a way that is easy for the beginner and intermediate trader to read and understand. The primary motivation for writing this book is to help others to avoid the costly pitfalls that we encountered in our first trading year. It was an extremely expensive lesson in the commodities market, but very educational.There is always going to be some expenses and unanticipated problems in the learning process, commonly known as the learning curve. They should not be as costly or as painful to the ego or the pocketbook as ours were.Our exceptionally expensive learning curve was primarily due to the courses that we followed. Although the courses we took contained some important basic information that we needed for moderate beginning success, the courses remained basic and did not teach us enough intermediate material that was necessary for us to have further success. This resulted in us needing to buy yet another course, which consisted of manuals, tapes, videos, workbooks, and CD-ROM's, at hundreds of dollars to get a little more information.In no time at all we had bought a succession of courses just to get the rest of the information we needed to have some success at commodity trading. With this in mind, here is the information that many of the courses left out.Please note that charts contained in this book are exclusively from Gecko Software. We have found Gecko Software to be one of the best charting companies out there with the use of some great tools, indicators and past data readily available. Some charts are from the distant past and some are more current. However, all the charts provide enduring examples and are everlasting. All the charting formations and information provided can be applied to every market, including futures markets as well as the stock market.Although technical analysis is the best way to trade, charts are great to use with fundamental and seasonal analysis, as well as to help you make better trading decisions. Charts can be used to help you determine entry and exit points, trend confirmation, notice of trend changes and the ability to stay ahead of the news, weather and other events that affect the markets which is known as fundamental information.You may also notice three dotted lines in the charts included in this book. These represent moving day averages which are often useful to indicate trend changes. The first line is dotted and is the 9 day moving average. The second line which is dotted is the 20 day moving day average and the third line, usually the bottom line, is the 40 day average. We will talk more about trends and moving day averages and their importance later.Please refer often to the glossary in the back of the book, which we have provided to help you learn the language of commodities trading. If you are new to investing, it would be very beneficial to review it before you start reading the rest of the book.
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