Top Best Commodities Trading Books – Apart from stocks and bonds, commodities like crude, natural gas, precious metals and other provide an entire range of trading options to a trader. This commodities market provide unique possiblities for growth in any economy.
In this article, we discuss the top 10 best commodities trading books.
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#1 – A Trader’s First Book on Commodities
by Carley Garner
Commodities Trading Book Review
One can make very large profits by trading commodities, however significant practical knowledge of the associated risks and market characteristics before commencement. This commodities trading book is a simple, practical and useful guide for traders who are new in the commodities market. Drawing on the vast experience of the author, the following aspects have been successfully highlighted:
- Master the basics of trading commodities and avoiding mistakes for beginners
- Get what is needed and prevent losses for things which are not required
- Making prediction of prices, managing risks and make trades reflecting the analysis
- Know what is one buying, costs associated with it and risks and returns it can offer.
Key Takeaways from this Best Commodities Trading Book
This commodities trading book is offering specific guidance on how to calculate profit, loss and the risk in commodities and also choosing the best brokerage firms. It will clearly aid in decoding of the colorful language of the industry and the walking through the entire trading process. Sufficient coverage is also given to critical topics such as Trading plans, handling of margin calls and even maintenance of emotional stability as a commodities trader. It is a highly recommended commodities trading book for new traders.
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#2 – Guide To Investing in Gold & Silver
by Michael Maloney
Commodities Trading Book Review
This commodities trading book will have its core focus on the importance of Gold and Silver as an investment in the overall portfolio. It will communicate the readers about:
- The essential history of economic cycles which make Gold and Silver the ultimate monetary standard.
- The way in which the governments are driving inflation by dilution of money supply and weakening of money supply
- The reason why precious metals are one the easiest, profitable and safest investments that can be made
- Where, when and how to invest money and realize maximum returns irrespective of the state of the economy
- Essential advice on avoidance of middlemen and taking control of financial investment and portfolios by making the investments directly into the market.
Key Takeaways from this Best Book on Commodities Trading
The author has highlighted about the historical background about paper currency, precious metals, and its economics. The aspect that has gained a lot of attraction is how the Western civilization collapse could lead the entire financial world in a downward spiral and how in such a time the accumulation of precious metals will offer non-parallel benefits. It is a highly recommended commodities trading book for any investor and how to protect wealth under unforeseen circumstances.
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#3 – Stack Silver Get Gold
by Hunter Rilley III
Commodities Trading Book Review
This book on commodities trading has been appreciated for its simplicity and the experience of the author who has an experience of over 15 years of trading Gold and Silver under its belt. It will reveal of all the street smart tactics an investor is required to know for making investments in Gold and Silver. One will have answers to various aspects such as:
- Seven types of Gold and Silver bullion to buy and liquidate quickly if required to
- Eleven types of gold and silver to avoid
- Most secure places for securing precious metals
- How to store the precious metals in another country by setting up an offshore precious metals storage system
- Precise strategy towards investment in metals and bullion
- The various tax strategies, IRS reporting requirements, travel restrictions and how to maximise benefits out of them. Investors are required to know about financial rules and governing bodies such as FATCA, FBAR and other rules concerning Gold and Silver.
- It will also highlight on tackling of investments to be made online and to constantly monitor the performance.
- Extraction of benefits by including gold and silver bullion in 401 (k)
#4 – The New Case for Gold
by James Rickards
Commodities Trading Book Review
In one of the boldest attempts to publicize the value of Gold around the globe, this book on commodities trading states how gold is an irreplaceable store of wealth and a standard of currency. As most of the macroeconomic factors cannot be predictable, Gold is one of the most prudent assets to own and is the single most important wealth preservation tool for banks and individuals. The author has specifically laid focus on historical case studies, monetary theory and personal experience as an investor to state:
- The panic post the Global Financial crisis of 2008 and how can it lead to another crisis taking birth
- Possible situation on how could panic buy set in and how then only Central Banks, Hedge funds and other big players will be able to buy and retain gold as a commodity.
- If Gold is monitored and controlled on a continuous basis, there will never be artificial scarcity of the same and a stable non-deflationary price can be defined.
Key Takeaways from this Best Book on Commodities Trading
The book is concise, most factual and arguments presented are based on sound economic principles. Various scenarios are presented of how they could unfold in the future without making predictions. Suggestions have also been made to invest only 10% investable assets in gold so as to minimise the quantum of losses in case of uncertainty.
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#5 – Crude Volatility
by Robert McNally
Commodities Trading Book Review
Since OPEC has loosened its grip over the pricing of Oil and its commodities, the oil market has been rocked by wild price swings something which has not been witnessed over multiple decades. The prices have risen to as much as $145 per barrel in 2015 and also touched a trough of $25 in 2016-17 due to multiple macro economic situations. This book on commodities trading explains how past time periods of stability and volatility in prices of oil aid in understanding the boom-bust era. Such levels of volatility have been considered a punishment inflicting pain not only the Oil industry but also the broader economy and geopolitical landscape. The author helps in connecting the dots on how oil has become central to the financial world and the reason it is subject to extreme fluctuations in price.
Key Takeaways from this Top Commodities Trading Book
It offers an excellent overview of the market cycle in this industry in a journalistic style, while addressing various controversial theories such as ‘peak oil’, or the role of OPEC and the US Shale industry in the most recent glut. Additionally, light has been casted on logical analysis of demand and supply and how the lags in increasing and decreasing production within the oil industry lead to the inevitable booms and busts witnessed around the globe.
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#6 – Trade Stocks and Commodities with the Insiders: Secrets of the COT Report
by Larry R Williams
Commodities Trading Book Review
One of the most successful traders, Larry R Williams reveals industry secrets which offer guidance to investors and traders for successful investment and side-by-side trading with larger commercial interest around the world. Readers are introduced to the COT (Commitment of Traders) which is one of the best resources for achieving trading success. It systematically walks the readers through the use of information contained in the COT to setup trades. It even discloses a new indicator that is claimed to be more powerful than any other index related to the COT report which is prepared.
Key Takeaways from this Best Commodities Trading Book
The book circulates around the smart people who have made money in this industry over the past couple of decades and how can one profit from their actions – whether one is interested in agricultural commodities such as soya-beans or the new breed of financial commodities such as currency and stock market indices. The investors can focus on the true market conditions having an effect on price changes which involves large buying and selling as well as demand/supply pressure.
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#7 – Energy Trading & Investing
by Davis Edwards
Commodities Trading Book Review
Energy is one of the most vibrant and essential sectors in the global market. Volatility in the prices of the energy sector and changes in the industry offer attractive investment opportunities for savvy investors and dangers for the uninformed ones. The author offers detailed information on every topic critical to energy investors including:
- Natural Gas, Electricity, Petroleum, Coal, Weather and Emission markets
- Details on various financial products including derivatives
- Examples of deal structuring explaining Spread options, spatial load forecasting and tolling agreements
- Practical introduction to Market and Credit risk and model risk management
- Detailed explanation of Natural Gas, Storage, Logistics and swing options contract
- Coverage of speciality electric markets, purchase power agreements and other ancillary services.
Key Takeaways from this Top Commodities Trading Book
It covers a wide range of topics for established and professional traders, retail investors, MBA students and other participants in the energy market. A number of jargons used in the financial and energy markets have been smoothly explained and the examples are made easily understandable to the average reader. A wide range of topics have been mentioned from traditional and emerging market to need-to-know financial principles and proven investing strategies.
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#8 – The Colder War
by Marin Katusa
Commodities Trading Book Review
This commodities trading book takes a look at the ways in which the Western world is ceding its position in the energy market and what steps can be taken to prevent it. Russia is now amidst a rapid economic and geopolitical revival under the rule of Vladimir Putin and studying his rise to power thereby providing the key to understanding the shift in energy trade from Saudi Arabia to Russia. This upcoming rise to power threatens the control of the United States. The following aspects have been stressed through this book:
- The rise of Russia to the center of the world’s energy market through Political coups, Assassinations, and Hostile takeover strategies.
- Following the rise of Putin and how has it disturbed the global balance of trade
- Understand how Russia has toppled the Mafia barons to position itself as the most powerful force in the energy market.
- A detailed study on the long-range plans of Putin and its potential impact on the United States and the US Dollar.
Key Takeaways from this Best Commodities Trading Book
This book lays emphasis on the fact that if Putin’s plans materialise, not only will Russia starve out other countries out of power but the BRIC countries will replace the G7 in terms of wealth and financial power.
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#9 – Commodity Options
by Carley Garner
Commodities Trading Book Review
Investors around the globe are discovering the enormous opportunities available through commodities options trading. However, since commodities have different underlying characteristics from equities, such options will also behave in a different manner. This commodities trading book commences on how commodity options work, how they have evolved and why conventional option strategies tend to fail in the commodity options market. Extensive examples have been used based on own researches made and other factors emphasized are:
- The reason for uniqueness of commodity options and what does it mean to the investors
- Timing of trading short options and how to manage the commodities risk
- Master strategies designed for diverse market conditions
- Exploiting short-lived trends through ‘synthetic’ swing trading
Key Takeaways from this Top Commodities Trading Book
Certain warnings about specific futures options positions are beyond the recognition of the importance to the beginners in this area which have been smoothly explained in a simplified language. The author carefully outlines the unique environment of the futures markets, lower liquidity tactics employed rather than equities which in turn can highlight problems in employing various strategies. Hence, as a beginner, one should make reference notes from this guide.
#10 – Hedging Commodities
by Slobodan Jovanovic
Commodities Trading Book Review
This commodities book offers an invaluable resource of hedging case studies with relevant examples. Complete explanations have been offered with clarity and coherence on how various instruments are used in a variety of market scenarios to contain, control and eliminate price risk exposure. The core objective is to provide clarity on hedging transactions and provide a systematic and comprehensive view of hedge performance. With reference to hedge strategies, a lot of effort has been laid for the creation of new instruments and concepts which will prove to be superior to classic methods and interpretations.
Key Takeaways from this Best Commodities Trading Book
The concept of hedge patterns which has been introduced in this book proves that it is possible to construct a hedging strategy and interpret its use with diagrams and charts which offer a visual impact and radical clarity. An attractive visual pattern is also attached with each case study equipping with the ability to compare various solutions and apply a best-fit hedging strategy in real-world situations.
A diverse range of hedging transactions showing the ultimate payoff profiles and performance metrics are also included. They have been designed to achieve the ultimate goal – conveying the essential skills for allowing business and risk management teams to develop robust hedging mechanism and its practical application.
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