KEN ROBERTS TWMPMM COURSE REVIEW

The Ken Robert's TWMPMM (The Worlds Most Powerful Money Manuel) course is a very easy commodity course to understand and follow for a beginning trader. If you are a Day Trader, this is not the course for you. The course is a very quick and easy read with excellent insight to commodity trading.

Ken Robert's TWMPMM starts out with a quick overview of how commodity trading started and why, to basic definitions (futures and options) , technical techniques, and figuring profit and loss. The TWMPMM course uses specific Technical trading patterns to identify when and where to enter or exit positions.

One of Ken Robert's TWMPMM course signature Technical Chart formations is the 1-2-3 Top or 1-2-3 Bottom formation. In this formation, you are looking to capture the High or Low of the market. No one knows where that is, so Ken Robert's has devised this strategy to try and enter the market once the top or bottom has formed without entering the market just because it is low. Ken Roberts is also looking for the Extreme high or low, 10-30 year highs or lows. A commodity market that is hitting an all-time high is a market that you want to pay real close attention to, especially if the market tops out and starts to head back down.

The 1-2-3 Top formation is a very easy formation to understand. As you look at a chart, the #1 point is going to be the highest point of the year. After this high is made, the #2 point is when the market has bounced back down from the high and stopped. From here the market tends to run back up and test the high, but does not break the high. At this point, you have a 1-2-3 top formation. Once this formation is formed, you would call your broker and place an order to go Short on a break below the #2 point, which would signify a possible change in trend.

In basic form, this formation shows a market that has made an extreme high and bounced back down off of the high then returning towards the high, but with not enough steam or power to break the high and because the market has lost it's steam, changes direction.

Two other strategies that Ken Robert's looks for is the Sideways Channels and 50% retracements. The Sideways channel is self-explanatory. The Sideways channel occurs when the market is trading between a range and can't decide which way to go. For example, the Corn market has hit a high of 2.50/bushel twice and has hit a low of 2.39 and 2.40 for the last two weeks of trading, but hasn't been able to break out one way or the other. At this point, Ken Robert's would be recommending to bracket the market with a Buy order above the high of the channel and a Sell order below the low of the channel. As a trader, you are not sure which way the market is going to go, but you want to be on the train in either direction.

The 50% retracement is a strategy where you take the high of the year and take the low of the year and add them together, then divide by two to find the 50% retracement of the market. Typically, but not always, the market tends to correct 50% of the last move or the last major move.

After reading this course, I would recommend this course to all beginning traders to get familiar with the commodity markets, how they move, and what to look for. This is not the only course out there so I recommend that you read other courses and gather all the information you can. It is my opinion, that the more technical indicators you have that agree the better off you will be with your trading. Just remember that the commodity markets can be very risky and only risk capital should be used.

 

JAKE BERNSTEIN'S SEASONAL COURSE REVIEW

This book is a very easy read with excellent fundamental information regarding the seasonality of the commodity markets. Jake Bernstein gives you an overview of the seasonal supply and demand factors for the Grains, Energies, Meats, Metals, and Soft markets.

Jake Bernstein looks at many factors that affect the price of a commodity. He is looking at planting, crop development, crop emergence, production capacity, refineries, time of the year, and weather. Jake Bernstein takes a market and gives you a specific date to enter a trade and a specific date to exit the trade only if that seasonal trade has been a winner 80% of the last 15 years (13 out of 15). Jake Bernstein is what you call a fundamental trader.

Even if you are a technical trader that uses only the charts to base your decisions, this is a very good book to have at your side. I believe that the more information you have while you are studying the commodity markets the better off you will be.

JIM ROGERS HOT COMMODITIES REVIEW

Jim Rogers is a well know name in the financial industry. As one of the most successful traders, he co founded the Quantum fund and was able to retire off the investments at the age of 37. He has been a professor of finance and media commentator worldwide. In 1998 he started his own commodities index fund that has since grown 165% with more than $200 million invested.

Rogers's says that his strategies are simple and straightforward and a few thousand will suffice. He says that you should start small and trade in the markets that you are familiar with. For example, sugar, coffee, and copper. You should look for the historical and cyclical patterns.

The book is filled with an overabundance of information. He starts out explaining why he recommends trading commodities and why now is a good time to invest. He then goes on to give a small but educational overview of the different commodities and what affects them. He also covers some of the myths and horror stories that your family, stockbroker, or best friends will try to tell you. He goes into explaining the commodity components, order types, limit moves and any other aspects of the markets you might run across.

Overall I feel this is a great book for the beginner to intermediate trader. It covers a lot of information but is easy to read and understand. I would recommend this to all-small speculators.


Gary Padgett
Senior Account Executive
888-847-1140
gary@gptc.com

 

 

This commentary/publication is strictly the opinion of its writer and is intended solely for informative purposes and is not to be construed, under any circumstances, by implication or otherwise, as an offer to sell or solicitation to buy this course/book, or trade in any commodities or securities herein named. Information is obtained from sources believed to be reliable, but is in no way guaranteed. No guarantee of any kind is implied or possible where projections of future conditions are attempted.

Futures and options trading involve risk. The valuation of futures and options may fluctuate, and as a result, clients may lose more than their original investment. In no event should the content of this review/commentary be construed as an express or an implied promise, guarantee or implication by or from Great Pacific Trading Company that you will profit or that losses can or will be limited in any manner whatsoever. Past results are no indication of future performance."