From the Inside Flap
Traders have used spreads since the inception of the commodity markets. Although spreads are particularly popular in physical commodities--because they often reflect supply/demand fluctuations brought about by harvesting, animal slaughter, or seasonal weather patterns--they can also be used as effective trading strategies in the currency and interest rate markets. Despite the widespread acceptance of spread trading as a sound trading concept, there hasn't been a lot of good, instructive material in this area--until now.
The Encyclopedia of Commodity and Financial Spreads is a well-researched, detailed examination of some of the more recently successful spreads in the futures market. Created by a team of experienced experts associated with Moore Research Center, Inc., a respected spread trading research firm, this valuable resource can potentially help you make more informed and profitable trading decisions.
The Encyclopedia of Commodity and Financial Spreads is divided by product category--energy, grains, soybeans, meats, metals, softs, forex, and interest rates--and each section opens with a brief discussion of the underlying dynamics that give rise to spread trading opportunities in that specific category. The precise performance of each spread is then identified--for up to the last twenty years--and combined with graphs that display the price performance of the spread. All 282 spread strategies identified within are accompanied by discussion of underlying seasonal dynamics, histories, and/or analysis of how and why strategies have performed as well as they have in the past.
With The Encyclopedia of Commodity and Financial Spreads by your side, you may be able to:
- Earn greater profits over the long run, while calculating potential downside risk
- Follow seasonal and cyclical patterns based on historical spread relationships
- Define your trading and risk objectives in specific terms
- Discover opportunities in lesser-known markets
- And much more
Filled with in-depth insights and practical advice, The Encyclopedia of Commodity and Financial Spreads is a comprehensive reference resource for this important financial discipline. If you're looking to make the most out of your time in the markets, look to The Encyclopedia of Commodity and Financial Spreads to help you get the job done.
STEVE MOORE has been trading and researching the futures markets for more than thirty years. He formed Moore Research Center, Inc. (MRCI) in 1989 to provide traders with historical research and seasonal analysis to better trade the commodity markets. MRCI has grown into one of the most respected research firms in the industry and is the unquestioned research leader in the analysis of commodity spreads and seasonals. MRCI's Web page, www.mrci.com, is a leading online resource for spread traders, providing a great deal of free information, as well as a variety of online subscription products.
JERRY TOEPKE began studying futures markets in 1977 and has since performed as a private trader and a retail broker. He is currently Editor at MRCI. Jerry considers himself a student of markets, fascinated by their behavior and the functions they perform. Since joining what is now MRCI in 1988, Jerry has learned to appreciate not only the power of seasonal study, but also how it integrates with fundamental and technical analysis. In 1997, he began writing the Weekly Spread Commentary, discussing two upcoming seasonal spread strategies each week as a way to help educate new spread traders and to breathe life into seasonal statistics and charts by adding depth and context.
NICK COLLEY has been programming computers for almost thirty years for private industry and the U.S. Air Force (USAF). In the late 1970s and early 1980s, he worked his way through college writing accounting software for small businesses, before enlisting in the USAF. He was also on the development team for the worldwide release of flying hour and training management software. After leaving the USAF, he developed touch screen-based point of sale software and terrain analysis software. In 1987, he began working with Steve Moore, initially converting seasonal analysis software from mini-computer to micro-computer platforms. He and Steve have been continually enhancing this software for nearly eighteen years.
