Commodity trading seems outdated and a thing of the past. But the fact is commodity trading is a great way to diversify your portfolios. You can invest in physical assets like gold and crude oils. You can also invest in commodities markets via ETFs and futures contracts. No matter how you invest in, commodity trading is also risky. You need to learn all about the risks and other factors impacting commodity prices. And books are the best primary source to learn about anything. If you want to enhance your commodity trading and commodities markets knowledge, explore the following best commodities trading books.
There are numerous books on commodities trading available in the market. The following list consists of the best commodities books as we have shortlisted and reviewed for you.
1. A Trader’s First Book on Commodities: An Introduction to the World’s Fastest-Growing Market
A Trader’s First Book on Commodities by Carley Garner easily tops our list of the best commodities trading books. The book provides the best introduction to the commodities markets. Garner describes how commodities traders should access markets cost-effectively. She also goes on to guide on how to prevent common mistakes beginners often make. Garner also draws on her extensive experience as a teacher and brilliantly teaches readers how to calculate profit, loss, and risk in commodities trading. She also sheds light on how traders should choose a brokerage company. In short, A Trader’s First Book on Commodities is an excellent learning guide for beginners and a perfect refresher for more experienced commodities traders.
2. Commodities for Dummies
Commodities for Dummies by Amine Bouchentouf is a spectacular book that shows you the right path to enter commodities markets. The author not only describes in detail how to enter a commodity market but also guides on how to trade and excel in commodity trading. He also sheds light on the associated risks and how to identify and manage those risks. You can also familiarize yourself with particular techniques to analyze and trade commodities. The book also pinpoints the profit potentials of energy commodities such as crude oil and natural gas. Commodities for Dummies also tell which metals are precious and which of them are not so precious. Growing portfolios with farm products, the advantages/disadvantages of futures, mutual funds, ETFs, and equities, minimizing commodity trading risks, and maximizing profits are other main topics covered in this user-friendly guide.
3. Hot Commodities: How Anyone Can Invest Profitably in the World’s Best Market
Hot Commodity is a masterpiece of the world’s one of the most successful investors, Jim Rogers. Roger uses plain and simple language to make the book as much easy to read and understand as possible. He gives simple strategies but emphasizes that traders should trade on only those commodities that they understand. Rogers also explains how commodities trading is the simplest of all. He also demonstrates how investors value companies, markets, and even economies on the basis of commodities. In short, Hot Commodities is a comprehensive book that is equally good for beginners and advanced traders alike.
4. Higher Probability Commodity Trading
A Comprehensive Guide to Commodity Market Analysis, Strategy Development, and Risk Management Techniques Aimed at Favourable Shifting the Odds of Success
Higher Probability Commodity Trading is another masterpiece by Carley Garner. She is a successful futures and options broker. The book comprehensively guides commodity market analysis, commodity trading strategies, and risk management techniques. Garner also introduces readers to some alternative unconventional concepts and views. For example, he explains tactics to sell options, tactics to hedge futures positions with options, and so on. Higher Probability Commodity Trading is one of the best commodities trading books that is written in a simple and entertaining format. If you aspire to learn everything about commodities trading, as well as futures and options trading, this book has plenty to offer.
5. Mastering Uncertainty in Commodities Trading
Mastering Uncertainty in Commodities Trading by Alex Krainer and Emily Krainer is a remarkable book on commodities trading. The book discusses uncertainties in commodities markets and how traders can make a profit through following trends. The authors also pinpoint major risks and opportunities in futures trading. They also opine on do traders have an edge who learn enough about market fundamentals. The book also demonstrates the importance of trends in markets and trend following. Thus, Mastering Uncertainty in Commodities Trading is one of the best commodities books that commodities traders must-read.
6. Multi-Commodity Markets & Products: Structuring, Trading, and Risk Management
Multi-Commodity Markets & Products by Andrea Roncoroni and Gianluca Fusai is a remarkable handbook to learn all about multi-commodity markets. It is a comprehensive guide that teaches us everything about structures, trading, risk management, rules, functions, and practices across all commodities markets. Authors draw on real examples to convey their ideas. They also thoroughly explain structuring techniques, trading strategies, forecasting models, and many other valuable concepts. Professional commodities traders have plenty to learn in this book. Therefore, if you want to equip yourself with diverse commodities trading knowledge, Multi-Commodity Markets & Products is the best commodity book for you.
7. The Little Book of Commodity Investing
The Little Book of Commodity Investing by John Stephenson is another spectacular book on the subject of commodities trading. Stephenson used simple and plain language to teach his readers the ins and outs of commodities trading and investing. The main subject of the book is to make profits from the upcoming uptrend in the commodities markets. He explains how to diversify portfolios with commodities trading, covers all commodities markets, why commodities face sudden rise and fall, what and when to buy, and much more. Stephenson also emphasizes the importance of understanding commodities to be successful. In short, The Little Book of Commodity Investing is a remarkable guide to learn where opportunities lie in the commodities markets in the future and how to make the most of them.