Value Investing in Commodity Futures : How to Profit With Scale Trading

Successful commodities trading requires knowledge, skill, a healthy dose of optimism and a logical and effective trading approach. Scale trading offers just such an approach, and this realistic and informative book tells you why. One of the simplest and most versatile methods of trading, scale trading involves buying a commodity at progressively lower prices until it ceases to decline, then selling it at progressively higher prices as it rises. One of the greatest benefits of scale trading is that it gives small individual traders the ability to emulate a trading method used by megatraders. Originally developed as an adaptation of a gambling system, this method ultimately offers individuals an accessible yet sophisticated tool that does not require familiarity with advanced mathematical calculations or complex indicators. What is required is the knowledge of how a market behaves. Presenting an explanation of the sound principles upon which scale trading is based and why it lends itself particularly well to commodities top trader Hal Masover shares his wisdom and extensive experience to answer questions, such as when to begin a program of scale down buying, and how much capital is required. Also included are numerous examples, illustrations, charts, and tables covering everything from the fundamentals of different markets to how to construct a scale, choose a broker, and more to get you profiting from this practical methodology for long term trading success.