Now, Kerr dispels the common myths and misconceptions about these markets as he explains all the basics: how these markets function, how locals in the pit work, what those strange-looking acronyms mean, and which markets are thinly traded and tightly controlled, as well as delving into the all-important psychology of the market. So, whether you're a novice or an experienced trader, his down-to-earth, clear-cut guidance will make you more savvy, more confident, and more able to jump right in and grab those profit opportunities that are waiting for you.
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OK for what it is, but it didn't really grab me.
This is a basic introduction to commodities trading, and to various connected subjects like options. It falls into the trap a lot of commodities books fall into of making predictions about the future which have not whethered well. As with so many trading books, it assumes the reader is an absolute beginner, and comes off as a trifle patronizing sometimes IMO. There is good information and advice here, it's just done better in other books IMO.
It also assumes you will be telephoning a broker and spends quite a lot of time explaining this to you, as well as the nature of open-outcry pit-trading. I suspect this is not going to be relevant to most people anymore.
The narrator was not my favorite.
- Donald A. Keefer
#1 book for the beginner
Highly recommend this book. Invaluable coverage of the basics in commodity trading starts at the complete novice level, then expands into very useful knowledge and tools that validates trading methods seen in the world of stocks and options.
14 people found this helpful
This book is slightly misleading. I thought I was going to learn about fundamental commodity investing. The book does cover commodities, but not enough for you actually invest. This book covers basics as stop losses, and what an option is or futures.
I was hoping that the book would explain basic commodity fundamentals.
This book explains basic stock market fundamentals and using commodity futures as an example.
You might like this book, but I found Commodities for dummies a lot informative and useful.
6 people found this helpful
Overall a good pick for starters
It's a very good book for starters in the commodities markets. The author explains all the basics. There is some repeation of concepts though.
1 person found this helpful