Top positive review
5.0 out of 5 starsExcellent Beginner's Book on Commodities, Futures, and Options
Reviewed in the United States on August 2, 2018
Excellent first book on commodities, futures, and options if you know nothing about them. The book is comprehensive on many investments such as Commodities, Stock Index Futures, Interest Rate Futures, Currency Futures, and other investments. But, it only goes into depth on a few.
The author suggests that novice traders choose their broker wisely.1 The author warns "some of the most successful traders report account-draining losses on numerous occasions before gaining the experience needed to be among the estimated 20% of profitable traders."2
If you're new to commodities, you probably should do more research: read other books, magazines, movies, newspapers, podcasts, television shows, websites, etc. before making any trades. I believe that someone with a business background, or business degree(s), is more likely to do well trading commodities, than someone without such qualifications.
This book is filled with many technical terms, which makes it difficult to read. But, if you keep on reading, using brute force if necessary, the book starts to make sense, sort of. In the end, the buyer should beware when trading in the commodities market.
1 pp.77-113
2 p. 216
