Education is a crucial part of trading process. That is why I decided to dive into the world of books for commodities trading in order for you to be fully aware of all of the learning possibilities.
1. Trader’s First Book on Commodities.
This book is going to provide every reader with much needed foundation for all of the other knowledge to lie upon. What is the best about this book? I would say the fact that it doesn’t really focus on the theory of trading but gives much needed practical advice on everything – starting from choosing your commodity and going all the way up to preparing for margin calls. If you are a beginner with trading, this book si for you 100 percent.
2. Best for Convincing Yourself To Invest: Hot Commodities
One of the most successful traders of the world is going to describe to you the time when he got up on his feet. Can you do something with that information? Well, of course! Even though he describes 1990s, we still can pick up a few things from his tales. You can also find that this book is particularly good for re-reading as you are constantly going to find new ideas in it. You are going to learn everything there is to know about commodities and the way to trade them.
3. Best for Inquisitive Beginners: Commodities for Dummies
Well, series of FOR DUMMIES books may sound offensive, but admit, in their time of glory they taught you a lot. Of course you can be successful in trading without understand the entire mechanism of the market. But if you really want to see more of the gains, you simply must read this book. Good advice on risk management, diverse portfolio and a lot of other useful things is going to go a long way for you.
4. Best for Prospectors: Gold Is A Better Way
If you are looking for a book that is going to justify your desire to trade precious metals even though you are never going to be able to hold the gold that you bought in your hands, this one is for you – that is for sure. No need to look any further if you are looking for the basic knowledge on precious metals trading. Truly a masterpiece in its field.
5. The Little Book That Still Beats The Market
This little book is going to be of great aid for you if you are only now looking for your strategy and your style of trading. the logic of the book is simple – buy what is severely and obviously underpriced. But that is not all. oh, you are going to have so much information on your hands once you’re finished with this one. Believe, this book is worth every minute you are going to spend on it.
6. Market Wizards
What really counts in trading commodities? Luck? Experience? Initial deposit? Those are the exact question which are going to be answered here. Author dives into the depth of your trading needs and looks for the things that you might need in order to win. Basically he did a lot of work for you. who doesn’t like that?
7. The Complete TurtleTrader
Turtles is the name that was given to the followers of the great Richard Dennis – a legend in trading world. This is the book that tells a story deemed impossible for a lot of us – success overnight. If you want to know how that happened and what are the chances of that happening to you, you need to read this Turtle Guide.