Items related to Extension Course for Trading Commodities
Synopsis
(Pearson Education) Provides the reader with a historical yet current treatment of the commodities market in the form of a course designed to assist traders in determining a balance between supply and requirement. Contains a generous supply of charts, tables, and worked examples.
"synopsis" may belong to another edition of this title.
About the Author
Mark Pickell and D. M. Daniel — One of the most respected names in the Commodities markets from the middle of the 1920s to the early 1950s was Mark W. Pickell and his Pickell-Daniel Market Service. Of the other part of the company, Mr. D. M. Daniel, we unfortunately have no other information on him except for his name which is given on the title page of this book. However, the firm's long life in the field of Commodities is a testimony in itself that it had been giving outstanding service to its clients, for no one and no service lasts that long in this trying field unless they or it proves good at what it is doing. Mentions of the company, Pickell-Daniel Inc., Chicago Commodity Statisticians, and of Mark W. Pickell, are to be found in the magnificent 1936 Technical Analysis book by George W. Cole, Graphs and Their Application to Speculation. In his book Mr. Cole gives full credit to the firm of Pickell-Daniel and those involved with the company who contributed so much to his own analytical education, especially by Mark Pickell. He also gives credit to Mr. E. M. Miller described by Mr. Cole as a Chief Statistician and Technical Analyst and one who appears to have had strong connections to the Pickell-Daniel Company.
Donald Mack — If any phrase describes the editor of the Traders' Masterclass series, which is dedicated solely to bringing back to traders and investors everywhere many of the great and rare Technical Analysis classics from the past, that phrase would be "a perpetual student of the market." Students in high school or college eventually graduate. Not so students of speculative markets. The study and the work is never finished, especially when there is an enduring interest in Technical Analysis. The editor's interest grew by leaps and bounds when in the late 1970s and the 1980s he established in Los Angeles the only bookstore in the USA that dealt exclusively in stock and commodity books; those that were in print at the time and those that were out of print. Current books were generally unchallenging and of various degrees of quality. Many out-of-print books were also of varying degrees of quality, but so many fascinating rare works from the 1920s to the 1950s, of great creativity and marvelous technical analytics and application, came his way that a lifelong appreciation of their quality grew.
Almost needless to say, more attention was focussed on the old books than on the new, for he found those old books that made up the great classics were superior to the new in so many ways. While he was operating the bookstore, there was a natural inflow and outflow of many thousands of books and from those thousands of books a personal library and collection numbering a good 5,500 plus individual titles was put together. A little of the knowledge contained in these great market classics rubbed off on the editor (actually more than a little) and he trusts that it will also rub off on the many market students of today and tomorrow as they also come in contact with the superb Technical Analysis classics that will come their way through this Series.
From the Back Cover
The complete, classic manual for commodities traders. From the fundamentals to advanced technical aspects of commodities trading. Addresses key problem areas and offers solutions. Interactive course format includes 25 lessons. For decades, commodities traders have recognized Daniel Pickell's guide to commodities trading as the field's classic -- and it's finally back in print, with an insightful new introduction by Donald Mack. This legendary book brings together 25 lessons that teach every key element of success, from the fundamentals to advanced technical issues. Along the way, Pickell identifies the key challenges for commodities traders -- and presents solutions that work. For all commodity traders, and for students and historians of the markets.
Excerpt. © Reprinted by permission. All rights reserved.
Preface
Back in the 1930s studies of the methods of trading were rare. The law of supply and demand was quoted glibly — but there were few men who could prove in black and white that there was such a law, or that it actually had a function in governing prices. The causes of price swings were little understood by those in the terminal markets, and certainly not by the general public.
Made available to the finance community once again after a criminal absence, Extension Course For Trading Commodities provides outstanding coverage to the field of commodities and futures. It is based on a course originally launched in 1934 and, arranged in a unique course format style, starts by looking at the fundamentals such as the effects inflationary factors have on commodity pricing and supply and demand. It considers the effects of agricultural policies, rules, regulations and orders, and discusses the effect that environmental events have on the commodities market. The authors study the technical aspects of this field, highlighting their theories with a generous supply of charts, tables and worked examples, all of which are as current today as they were when first conceived.
The purpose of this course is to assist traders in determining what is a balance between supply and requirement; how to determine whether the price has discounted bullish or bearish conditions; and then how to determine when and at what price levels to make a trade that will prove most lucrative.
Ever since the birth of speculative markets, forecasting future price movements has been the biggest of challenges for market participants at every level. We all could easily throw up our hands in desperation because any attempt to predict the unpredictable seems a fruitless cause, or we could read Extension Course For Trading Commodities and make best use of the wisdom held within. Using the grain market analogy, this course is as valuable today as it was in the 1930s and 1940s. It provides the reader with a historical yet current treatment of the commodities market. Toddy's traders, financiers and students will find this work interesting, enthralling, and above all, enlightening. THE TRADERS' MASTERCLASS SERIES
Great investment advice is a rare and timeless commodity.
The Traders' Masterclass series brings to the market a set of classic texts from the "golden age" of technical analysis - timeless trading wisdom, laying the foundations on which a growing body of investment literature has been built.
These original works from the pioneers of technical analysis contain uniquely insightful lessons, winning formulae and trading tactics that can be put to use in any market, at any time. Generations of investors may come and go, but the nature of speculation remains the same. For investors and market students alike, these masters represent the original formulae for trading success.
Some of these works originally took the form of correspondence courses, and have never previously been published as books, while others have existed only as rare manuscripts, available to just a handful of traders with the determination to track them down.
Over a twenty-year period, an experienced US trader and renowned investment book expert, Donald Mack, selected and tracked down these classics so that modern investors might benefit from their advice. Each book in the Traders' Masterclass series has been introduced and annotated to aid its application in today's markets. To the trading community these manuscripts will be rare and valuable sources of wisdom.
"About this title" may belong to another edition of this title.
- PublisherFinancial Times Management
- Publication date2000
- ISBN 10 0273649760
- ISBN 13 9780273649762
- BindingHardcover
- LanguageEnglish
- Edition number1
- Number of pages432
(No Available Copies)
Search Books: Create a WantCan't find the book you're looking for? We'll keep searching for you. If one of our booksellers adds it to AbeBooks, we'll let you know!
Create a Want