Interview The World Of Commodities With Carley Garner by Jayanthi Gopalakrishnan
Alaron broker and analyst Carley Garner has been involved with the markets for
years and is actively educating traders through web content and online seminars
at CommodityTradingSchool.com and through the web newsletters she writes
(The Dow/NASDAQ Report and The Bond Report). She has just cowritten with
partner Paul Brittain Optionology 101, a guide to option trading, which is
scheduled to be published later this year by FT Press.
STOCKS & COMMODITIES Editor Jayanthi Gopalakrishnan conducted this
interview with Garner via email in early December 2007.
Carley, how did you get interested
As a finance and accounting set on being a stockbroker. After a
lengthy internship at a brokerage firm,
though, I realized that selling high-load
mutual funds wasnít enough to keep me
interested. I needed to be doing something
with a little more action, but more
important, I wanted to be in an arena in
which I felt like my services could make
a difference. Even inexperienced investors
can put their money in a properly
diversified and age-adjusted mutual fund
that requires essentially no maintenance.
It seemed counterproductive to expect
investors to pay high transaction costs
in the form of loads for something that
they could do without my help.
Although the risks are higher in the
world of futures and options, I thought
I could offer more value to my clients.
Iím the first to admit to clients that
profitable trades are not guaranteed;
even the most experienced and educated
traders have failing moments. But
if the investors are willing to accept the
risks involved, Iím more than happy to
show them how to increase their odds of
What are some milestones youíve
achieved along the way to get you to
what youíre doing now?
I can honestly say Iíve enjoyed every
minute of my career. Most people donít
realize how difficult it is to make a
living as a commodity broker. After
watching the movie Trading Places, I
know itís hard to imagine that some
brokers could make more money flipping
burgers, but it is true! For those
who are willing to put in the time and
effort, as well as be honest, even if it
means missing out on a potential client,
this industry can be very rewarding.
major in college, I was