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Top Commodity Investment Books
Best Selling Commodity Investing Books With Most Reviews
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Amazon.com Review
“This book provides the type of information every trader needs to know and the type of information too many traders had to learn the hard and expensive way. Carley offers practical need-to-know, real-world trading tips that are lacking in many books on futures. It will help not only the novice trader, but seasoned veterans as well. This book will serve as a must-have reference in every trader’s library.”
--Phil Flynn, Vice President and Senior Market analyst at PFGBest Research, and a Fox Business Network contributor
“Refreshing–It’s nice to see a broker who has actually been exposed to the professional side of trading and who bridges that chasm between exchange floor trading and customer service. Carley takes the time to explain verbiage, not just throw buzz words around. A good educational read in my opinion.”
--Don Bright, Director, Bright Trading, LLC
“This book has the perfect name, the perfect message, and the necessary information for any beginning trader. Take this book home!”
--Glen Larson, President, Genesis Financial Technologies, Inc.
“As a 35-year veteran of the CME/CBOT trading floor, I can tell you…those who think they can begin trading commodities without knowing the less talked about topics that Carley discusses in A Trader’s First Book on Commodities are sadly mistaken. Anyone who trades their own account, or would like to, should read this book.”
--Danny Riley, DT Trading
Review
On a 1-10 scale I would give my own knowledge of stocks a 7, bonds a 5 and commodities a 3. I am in the steel business, but steel is not traded like a commodity (though there have long been efforts to change that). I understand the general theory of how the commodities markets are supposed to work, but I ordered this book because I wanted to get a deeper understanding of how they function on a day to day basis. I was very pleased with the scope of this book and would recommend it to people who are considering getting involved, in a modest way, with commodities.
Please note though that one book, no matter the author's skill or breadth of knowledge, is NOT capable of turning anyone in to a professional commodities trader. Some of the negative reviews are both amusing and scary because they seem to be written by people who figured that they would just buy X commodity and suddenly become millionaires. I guess every market (and poker) relies to some extent on Darwinism - it's the amateurs that end up making the pros rich.
I think that Ms. Garner manages to successfully steer a course down the middle in terms of providing enough broad, general, information for newbies, while still including some actionable technical information which would allow you to start trading immediately (if unsuccessfully).
At the end of the day, commodities trading isn't for me. Between a full-time job I don't have the time left to devote hours and hours to do the research that might possibly allow me to be a successful dabbler in commodities. Nor do I have the ability to constantly watch the markets to catch the rapid rise and falls that provide brief trading opportunities. This book helped to convince me that commodities trading is best left to others. It is this conclusion that perhaps is worth far more than the purchase price of this book.
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Amazon.com Review
While Wall Street has been troubled, commodity markets have been soaring. Since 2002, commodities have outperformed every other asset class including stocks, mutual funds, and real estate. This hands-on, friendly guide gives you the basics on breaking into the market, dispels common myths, and shows you how to implement a wide range of trading and investing strategies. It also helps you diversify your portfolio, measure risk, and apply market analysis techniques.
Expanded coverage of the types of commodities available to investors
Advice on how to manage the risks and rewards of commodities
Updated examples and information on SEC rules and regulations (and tax laws)
Featuring time-tested rules for investment success Commodities For Dummies helps you minimize risk, maximize profit, and find the shortest route to Easy Street.
Review
Appreciate the author for writing such a great book for dummies like me on commodities.
Few pros:
1. Simple real life examples on call and put options (future contracts) helped me understand the concept in couple of hours. I was trying to understanding this concept for a week atleast.
2. Flow of the books is really good, you feel like not to leave the book in between.
3. Best to read from start to finish on multiple days with appropriate gaps in between. (If you are too busy !). A great book for week end study.
Cons:
None
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Amazon.com Review
During the average trading day, trillions of dollars’ worth of commodities change hands. If you want to snatch some profits from this booming market, you fi rst need to understand all the fundamentals—and All About Commodities is the place to go.
Without the confusing jargon and complex language of other investing guides, this book uses simple language to explain what drives price fluctuations of commodities—from energy, industrial metals, and mines to livestock, agriculture, and precious metals—and how to design a powerful, reliable strategy for profi ting from them. Learn everything there is to know about:
Using futures and options to enter the commodities market
Risks unique to commodities trading—and how to manage them
Ways to identify important patterns to steer your investing decisions
Review
For my career, I've done very well with equities. This has been through starting and running companies as well as investing on Wall Street. But I know I have to look at alternative investments, such as gold. This has certainly been highlighted recently, as we've seen with the plunge in global stock markets (yes, seems like the only thing doing well is gold!)
That's why I bought Tom's book. He basically covers everything in an easy-to-read manner. He looks at all the main categories like energy, agriculture, industrial metals and so on. He also looks at all the ways to invest - whether by futures, options, ETFs and investing in miners. He even looks at going short on commodities.
Tom also provides some great insights on the long-term prospects for things like crude oil and gold - with a look at how to make changes to your portfolio.
So for anyone looking at investing in commodities, this is a must-have book!
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