The Complete Guide to Investing in Commodity Trading & Futures

出版者:Atlantic Publishing Company (FL)

作者:Mary B. Holihan

页数:288

出版时间:2008-04-15

价格:USD 24.95

装帧:Paperback

isbn号码:9781601380036

具体描述

Many people have become very rich in the commodity markets. It is one of a few investment areas where an individual with limited capital can make extraordinary profits in a relatively short period of time. Commodities are agreements to buy and sell virtually anything that is harvested except onions. (A 1958 federal law prohibits trading onions.) Such goods are raw or partly refined materials whose value mainly reflects the costs of finding or gathering them. They are traded for processing or incorporation into final goods. Examples are crude oil, cotton, rubber, grains, and metals and other minerals. Since it is impractical to transport these bulky, often perishable materials, what is actually traded are commodities futures contracts, or options, that are agreements to buy or sell at an agreed upon price on a specific date. Trading in futures and options is speculative in nature and there is a substantial risk of loss. These investments are not suitable for everyone, and only risk capital should be used. As with many other business segments, the Internet and technology have opened up this attractive marketplace to a new breed of individual investors and speculators working part-time. You and I can now stand on an even playing field with the largest banks, wealthiest individuals, and trading institutions from the comfort of home. Commodity trading can provide you with very high, secure rate of return, in some cases as high as 12%, 18%, 24%, or even 300% or more per year. If performed correctly, commodity trading will far outpace all other investments. The key is to know how to perform this process correctly. This all sounds great, but what is the catch? There really is none, except you must know what you are doing! This groundbreaking and exhaustively researched book will provide everything you need to know to get you started generating high investment returns from start to finish. In this easy to read and comprehensive new book you will learn what commodity trading and futures are, how to set up your account online, how to choose software to use in trading, how to invest in commodities, evaluate their performance, and handle fees and taxes. The book explores numbers of investing strategies and tactics, charting techniques, and position trading. You will pick up the language of a trader so that you recognise terminology and know how to use leverage, call options, put options, advancing and declining issues, advancing and declining volume, the Commodity Channel Index (CCI), and commodity charts, among others. Like the pros who have been trading commodities for years, you will learn how to pinpoint entry, exits, and targets for your trades, and use insider secrets to help you double or even triple your investment all while avoiding the common traps and pitfalls. In addition, we took the extra effort and spent an unprecedented amount of time researching, interviewing, e-mailing, and communicating with hundreds of today s most successful commodity Investors. Aside from learning the basics of commodity and futures trading you will be privy to their secrets and proven successful ideas. Instruction is great, but advice from experts is even better, and the experts chronicled in this book are earning millions. If you are interested in learning essentially everything there is to know about commodity and futures investing in addition to hundreds of tactics, tricks, and tips on how to earn enormous profits in commodity trading while controlling your investments, then this book is for you.

用户评价

老实说，我接触过不少投资书籍，很多要么是故作高深，充斥着只有华尔街精英才能理解的行话，要么就是过于侧重历史案例，缺乏实操指导。这本书恰好在这两者之间找到了一个绝妙的平衡点。它在阐述理论深度上丝毫不含糊，比如对“基差交易”的解析就相当透彻，不仅解释了它的原理，还给出了几种在不同市场环境下可以应用的具体场景。然而，这种深度并没有牺牲可读性。作者在描述复杂的套期保值策略时，使用了大量生动的比喻和图表，将抽象的金融合约转化成了具体的商业逻辑，比如一家航空公司如何通过对冲燃油价格波动来锁定成本。我特别喜欢其中关于“情绪管理”的那一章节，作者直言不讳地指出，在期货市场中，贪婪和恐惧是最大的敌人，并提供了一些实用的心理调适方法，比如如何处理连续的亏损而不至于影响后续的判断。这已经超越了纯粹的金融知识范畴，触及了交易心理学的核心。我感觉这不像是在阅读一本冰冷的金融工具手册，更像是在跟一位有着多年实战经验的交易员进行深度交流，他愿意分享的不仅是“做什么”，更是“如何思考”。

如果要用一个词来概括这本书给我的体验，那就是“全面且务实”。它涵盖的广度令人吃惊，从贵金属的避险属性到能源合约的短期波动，再到指数期货的构造，几乎没有遗漏。但更难得的是它的务实性。许多金融书籍在介绍完理论后，往往会陷入“理论完美，实战稀烂”的尴尬境地。这本书则避免了这一点，它花了大量篇幅讨论实际操作中会遇到的摩擦成本，比如佣金、滑点、保证金追加的流程和时间点。对于那些打算真正入市操作的人来说，这些“边边角角”的细节往往是决定成败的关键。书中对监管套利和不同国家/地区期货市场的差异也有涉及，显示出作者深厚的国际视野。最让我感觉物超所值的是，它并没有回避交易中的“灰色地带”，比如如何识别市场操纵的初步迹象，以及在流动性不足的市场中应采取的谨慎策略。它不是一本“保证赚钱”的书，但它绝对是一本“让你少犯致命错误”的必备指南。

这本书的结构安排，简直是教科书级别的典范，层次分明，逻辑严密到令人佩服。它不是那种随机罗列知识点的集合，而是一个有清晰路径的引导过程。前三分之一部分稳扎稳打地铺垫了基础知识，包括市场参与者、监管框架以及合约标准化的问题。接着，它进入了核心内容——商品分类与定价机制。我对农产品市场的分析尤其印象深刻，作者详细探讨了天气模式、季节性因素如何直接影响软商品（如咖啡、可可）的期货价格，这种对特定市场驱动因素的细致剖析，是其他泛泛而谈的书中难以找到的。随后，它开始深入到技术分析层面，但有趣的是，作者并没有盲目推崇某一种技术指标，而是强调了技术分析在期货市场中作为“辅助决策工具”的角色，并教导读者如何结合基本面信息来验证或修正技术信号。最让我感到惊喜的是，书中提供了一份详细的“交易日志”范本和要求，这强制性地要求读者从一开始就养成记录和复盘的习惯。这不仅仅是提供信息，更是在塑造一种专业的交易者行为模式。

这本书简直是为那些想在投资领域深耕，尤其是对大宗商品和期货市场心存敬畏又充满好奇的“门外汉”量身定做的“导航仪”。我之前对这块领域一窍不通，感觉里面充满了复杂的术语和高深的数学模型，光是看到那些K线图和各种指标就能让人望而却步。但是，这本书的叙事方式非常平易近人，它没有上来就堆砌那些让人头晕的理论，而是像一个经验丰富的老朋友在手把手地教你，从最基础的“什么是商品”讲起，比如黄金、原油、农产品这些日常生活中触手可及的实物，是如何在金融市场上被交易的。作者花了大量的篇幅解释了供需关系、地缘政治事件对价格的敏感性，这种宏观视角让我立刻对这个市场有了立体化的理解，不再是单纯的数字波动。更让我赞赏的是，它细致地拆解了不同交易工具的特性，比如远期合约、期货合约以及期权，它们的风险结构和操作逻辑都被描绘得清清楚楚，让我明白每一种工具背后的“脾气秉性”。对于新手来说，最怕的就是盲目跟风，这本书显然注意到了这一点，它在讲解每一个交易策略时，都融入了非常实用的风险管理原则，教人如何设定止损，如何控制仓位，这在我看来，比任何高收益的承诺都要重要得多。它不是一本教你“一夜暴富”的秘籍，而是一本让你建立稳健交易体系的教科书。

读完此书，我最大的感受是，它彻底解构了我对“高风险”投资的固有偏见。过去总觉得商品期货就是赌博，高杠杆意味着高风险，稍有不慎就会血本无归。然而，这本书非常负责任地阐述了期货市场存在的根本意义——风险转移与价格发现。它清晰地展示了农场主、矿业公司如何利用这些工具来锁定利润，避免市场波动带来的灾难性后果。书中通过一系列精选的案例研究，生动地展示了什么是“对冲”，什么是“投机”，并明确区分了两者在市场功能上的差异。案例的选择非常国际化且贴近实际，有关于能源危机的历史回顾，也有关于新兴市场对工业金属需求的分析。这种多维度的视角让我理解到，这个市场远比我想象的要复杂和成熟。此外，作者对不同交易平台的比较和选择标准也做了客观的分析，帮助读者避开了一些新手常犯的平台选择错误。总的来说，这本书提供的是一种成熟的投资哲学，即“理解风险，才能驾驭风险”。