Summary

Most commodity traders try to identify and profit from price trends in the market. Given the fact that markets rarely move in a straight line, a trading method that exploits the natural tendency of markets to oscillate up and down is far more in keeping with the market's natural behavior. The Intelligent Speculator unveils a revolutionary technique to exploit this tendency and make consistent profits in the commodity markets. Called "interval trading, " the technique consistently generates profits of 30 to 50 percent per year. Professional traders Ralph J. Fessenden and John d. McDivitt clearly explain every aspect of interval trading, from the theoretical foundations to actual examples from the marketplace. A rational, commonsense approach to commodity speculation, The Intelligent Speculator will appeal to all traders who are looking for a low-risk method to generate big returns. Specific topics include: The principles of intelligent commodity speculation; Identifying interval trading opportunities; Setting up interval trades; Diversifying to reduce risk.