The best of commodities trading books

Commodities trading books are really useful both for experienced traders and for the starters. They can be found by means of google. Before starting the trader’s business, it would be useful to study the best of them and to understand basic terms. Right usage of them will help people to receive great profits and to build successful business strategies. One can choose any book from the top, it depends on individual preferences.

The New case for gold

In this book on commodities, one can become aware that gold is one of the most important and valuable currencies in the world. The author studies the role of gold in the work of banks and individual businessmen. Also, the Gold as the money is studied in a profound historical context both at home and abroad. One can acquaint with an interesting theory and study the author’s practical and technical experience. Including:

  • Consequences of the Global Economical Crisis that happened in 2008, including the increase of prices for gold;
  • Influence of this crisis on companies and individual businessmen.
  • The ways of possible solutions inspired by this crisis;
  • Analysis of possible ways to monitor the value of gold in the modern trade.

This book is valuable because the author has a wide experience in financial theory and practice. All statements in the guide book are confirmed by reasonable arguments according to the modern economical science and the ways of trading commodities. Moreover, the trader’s first book acquaints with various scenarios of economical development. It is one of the best commodities trading books for starters.

Main advantages

This book has gained a great popularity because it is trustworthy and written by a real expert in commodity trading. Also, there are some interesting ideas devoted to the minimization of financial losses in case of unstable situation with the gold on the market. The author maintains a good contact with the reader.

The book of Carley Garner

Carley Garner is a well-known trader and financial analyst. She is also wide-known as the author of different commodities trading books. There are many books on her account. Her books are popular all over the world because they are always available, easy to understand and explain complicated things in simple words. Her books resemble an interesting talk in privacy.

Trading Commodities, Commodity Options and Currencies

In this edition, Carley Garner analyzes many actual problems of trading as the way to improve people’s financial well being. Here, people can read and find out how:

  • To become a successful financial analyst;
  • To gain benefits from economical situation in the world that is constantly changing;
  • To succeed in operations with currencies;
  • To become better than the competitors.

Also, Carley Garner, together with her colleague Jim Rogers, demonstrates her view on different topics connected with financial and economical affairs. Sometimes, these opinions expressed in commodities trading books are quite unusual. They can even shock inexperienced people.

The very essence of commodities trading books by Carley Garner

The main idea of her theory is “start earning on goods and currencies! Everything you need to learn in 3 practical commodities trading books! Here you can find all the necessary knowledge in three comprehensive, easy-to-understand books.

Volume 1

In the first book, “Product Traders: An Introduction to the Fastest Growing Market in the World,” lead trader / instructor Carly Garner collects critical information about the products you need before you make your first commodity transaction. Garner explains the entire trading process, investigates the question of futures, reveals the unique language of commodity trading, shows how to avoid costly mistakes, and introduces the necessary market analysis methods and trading strategies.

Volume 2

Then, in commodities trading books Garner and co-author Paul Britten present powerful new trading methods for an expanding product market. Garner and Britten present some risk strategies that are optimized for the unique characteristics of commodity options, highlighting the true risks and benefits of the system with easy-to-understand diagrams and visual images that help you match your approach to your personal tolerance for risk.

Volume 3

Finally, in technical analysis of currency trading in the Forex and Futures markets, Garner embraces everything you are new to make great profits in currency trading and avoid the unique traps of these markets and aggressive, unscrupulous marketers. Garner examines every major trading platform for currencies, including Forex spot markets, currency futures and currency ETFs, and identifies financial problems ranging from market access to profit, risk, and analysis of existing funds.

In these three well-known commodities trading books, you can determine the markets and approaches that best serve your goals, avoid costly mistakes, buy and sell with a profit and make huge new profits in any market environment. From leading options traders, reviewers and online instructors Carly Garner and Paul Britten.

Books based on the author’s real experience

While Carley Garner still in college, she was an intern at one of the stock brokers, she was young and full of energy. . Before that, she thought that she wanted to become a stock broker, but this practice brought her deep disappointment. It really wasn't for her. It was necessary to work hard, to trade, to sell mutual funds. She learned that there is a commodity broker in the city, and decided to try. Now she is sharing her experience. She is always available for questions on e-mail and social media.

An interesting point of view expressed in Garner’s commodities trading books

According to Garner’s opinion expressed in the book, futures and options markets can be very, very fierce. She agrees that most are losing money. Ordinary people :from the street” rarely have success. You can argue about the percentage - some say that it is 80%, others call 95%. She thinks that reality is somewhere between these numbers. The good news is that people who make a profit on the market earn a lot because they earn money from those who lose money. Therefore, in her commodities trading books Garner states that this is not the market itself.

Many people blame the commodity markets, saying futures are more risky than stocks. She believes that in fact it is not. The difference is that in the commodity market everyone gets a free shoulder. In the case of stocks, most do not use leverage, and in order to use it, you must submit a special application. There are various options and restrictions, and you still have to pay interest.

Illustrations from daily practice

In her commodities trading books, Carley Garner shows many practical examples from daily practice. Also, she is sharing such examples in her twitter. Let’s analyze one of them. For example, the crude margin now stands at around $ 3,000. Therefore, by taking oil in long futures, you are actually trading an asset worth $ 50,000. For your $ 3,000, you get the opportunity to trade $ 50,000 worth of goods. Unfortunately, most people just think this is the norm.

Therefore, they open an account for $ 5,000 and think that since they have more than $ 3,000, they can buy oil and everything will be fine. But actually it is not, this strategy doesn’t work. It is better to either reduce the leverage or capitalize a trading account. For example, by adding $ 50,000 to your account and buying futures for oil, you automatically get rid of the leverage. In this case, the risk is not higher than in stocks. It is probably even lower, because the value of the goods cannot fall to zero.

How not to lose your money: advice from the expert

In her manuals and commodities trading books, Garner gives interesting practical recommendations about investments. Some of them are mentioned below.

They are quite valuable. First, you need to reduce the used shoulder. I just gave an example with oil - deposit $ 50,000 into the account and just trade in one contract. I understand that not everyone is willing to put on the account $ 50,000. Not everyone wants to trade without a shoulder. And this is normal, many want the trade to be more exciting. It is necessary to find a middle ground. For example, if you are going to trade oil, deposit at least $ 20,000 to your account. This will give you some leverage and make you free to act, but it will be quite controlled in most situations.

We also usually recommend trading futures options. We do not recommend simply taking a commodity futures contract in long or short. If we want some time to be on the side of bulls or bears - for example, we look at the growth of grain - then we can buy futures for corn, and then sell the option "on our own" (ATM). In this case, the premium received for the option will serve as a risk buffer in case the market falls. Suppose (hypothetically), corn is trading in the $ 3.70 area.

If we buy it at $ 3.70 and sell a call option of $ 3.70 for 20 cents, we will receive a deal that will bring us money, regardless of whether the market goes up, down or sideways. The only losing option is if corn at the redemption date drops to $ 3.50 or lower. Thus, you can be mistaken for 20 cents, but still be at break-even. Being in such a deal with these indexes, you need to be just one tick right.

If the market at the maturity date is exactly at the level where you opened the transaction, you will fully save 20 cents of the premium. So you don't even have to be right. It is enough not to make a mistake by more than 20 cents. In the case of corn, it is $ 1000. Each cent of corn costs $ 50.

We strongly recommend you to study the book “The new case for gold” and the works by Carley Garner in order to succeed in trading.

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