Commodity Strategies: High-Profit Techniques for Investors and Traders
To make money in today's commodity markets, you have to feel comfortable with the approach you're using and have the patience and discipline to adhere to that approach no matter what the markets may do. Unfortunately, too many people either don't take the time to develop an approach that works in this field or, having developed one, find excuses to ignore it in their search for greater profits.With Commodity Strategies as your guide, however, you'll quickly discover how to excel in this arena by using the Point & Figure method of analysis—a technique borne out of the irrefutable law of supply and demand—to cultivate a big-picture perspective of the commodity markets as well as make more informed decisions when it comes to entering and exiting positions.Straightforward and accessible, this invaluable resource is the result of a collaborative effort involving the world's top Point & Figure charting authority, Tom Dorsey; analysts who manage his organization's successful Corporate Commodity Account; and independent trading experts. Throughout these pages, Dorsey and company distill what they've learned from years of experience in the commodity markets, and combine that information with the proven principles of Point & Figure charting—leaving you with a comprehensive commodity trading strategy that will help you improve overall returns while reducing unnecessary risk.Rather than rehash the basics of commodities—such as contract sizes, hours of trading, and other environmental influences—this practical guide outlines a logical, organized, and sensible system for trading and managing a commodity account. It explores the essential elements of Point & Figure charting as they pertain to the commodity markets; examines specific indicators that will enhance your understanding of prevailing trends; and presents practical case studies that will solidify the concepts discussed. Along the way, you'll also be introduced to a variety of commodity-related vehicles currently available in today's markets, from ETFs to mutual funds, and see how they differ from more commonly held futures contracts.Touching on everything from relative strength tools and trading bands to momentum and matrix creation capabilities, Commodity Strategies contains the information you need to succeed in this field.