Reddit mentions: The best commodities trading books

That's an interesting conjecture, and a topic worthy of thoughtfully probing in the main forum.

I too would be interested in creating, or seeing created a poll for an unscientific measure of the demographics of the population here.

I would be inclined to believe, without much evidence, that there is a very mixed population participating in options, with some more visible, and many less visible.

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It is certainly the case that mobile applications and brokerages with low or no cost commission attract a population that is willing to risk money, in ignorance, small personal funds, and a population that does not yet know how easy it is to lose their money in a big way.

The rise in this forum's participants from 30,000 members to 70,000 members in the last couple of years is, I speculate, partially driven by easy access to mobile applications and their promotion. This newby forum is an effort to deal with the influx of those who are learning.

Those who wrote books were often floor traders, and were the only ones in the know about a lot of lore and theory of options; electronic trading has really changed that as the face-to-face options trading floors evaporated over the last 20 years, and modern internet media has made the threshold for publishing radically different in the last 20 years as well.

To well-organize the useful experiences one has had, perhaps it takes 10 years of trading, and the maturity of 35 years of age, to have the confidence to know their views are worth the difficulty of putting into print. I don't know how old John Carter is, probably now in his late 40s; perhaps he wrote his book
when he was in his early 30s, published in 2005 (now forthcoming in 3rd edition) Mastering the Trade.

Yet also Websites like OptionAlpha or the podcast series Chat with Traders could be considered future books, by distilling the voluminous information collected there, if they don't forever reside in their existing media form.

I note that current advertisements for Etrade, TDAmeritrade, Scwhab, Merrill Lynch, and Fidelity, and Fischer, seen on channels like MSNBC are targeting the population that has assets to play with, from say age 40 to 75.

Anton Kreil describes a perennial problem of brokers needing to recruit new customers, and creating a path for new clients to sign on, after a significant fraction their current population of clients have dwindled away their assets as a consequence of learning how (not) to trade.

We may be witness that attrition yet.

Good luck!

If I may add — and please note that I have no idea where you are in your learning curve, so please disregard if this isn't useful suggestion —, there's a book a like a lot and recommend to every trader relatively new to the commodity markets (and more specifically futures, due to the mind-blowing amount of new possibilities compared to commodity ETFs, and the book goes over many of these amazing possibilities).

Mastering the Grain Markets: How Profits Are Really Made, by Elaine Kub: https://www.amazon.com/Mastering-Grain-Markets-Profits-Really/dp/1477582967

The author, Elaine Kub, has a great writing style, mixing some very technical stuff with some very nice personal stories of her childhood — she grew up on a family farm (that she still operates!), and has extensive experience as a grain merchandiser and futures broker.

For general understanding of TA, my favorite it The art and science of technical analysis by Adam Grimes for both simplicity and completeness

To understand the importance of trend, the indispensable book is The trend following bible by A. Abraham (some people get disappointed by the fact that it does not go very deep in presenting the actual trading strategies, but the importance of the whole trend following concept cannot be overstated).

For understanding of trading, the required mindset, market psychology, and everything that comes along with the territory, the two books are most often listed, and the definite part of trader's must read list:

Market wizards, by James D. Schwager,

and The reminiscences of a stock operator, by E. Lefevre

Also check all the online resources on Intraday flow trading you can get your hands on.

Hope you guys get successful and have fun in the process.

If you're a practitioner or academic, I recommend Trading and Exchanges by Larry Harris (USC). Joel Hasbrouck (NYU) also has a great set of lecture notes for his course, Securities Trading: Principles and Procedures. Finally, Eugene White at Rutgers has written extensively about the history of equities trading; his papers would be a great place to dive in.

For lighter reading, I don't have great recommendations for equities. On the derivatives side, I recommend The Futures by Emily Lambert and Zero-Sum Game by Erika Olson.

Here are all the local Amazon links I could find:


amazon.co.uk

amazon.ca

amazon.com.au

amazon.in

amazon.com.mx

amazon.de

amazon.it

amazon.es

amazon.com.br

Beep bloop. I'm a bot to convert Amazon ebook links to local Amazon sites.
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My TA professor in college made us buy his book. It's pretty good

You may be able to find a PDF file online, but I'd buy the book to support the guy. He was a cool professor.

Aaaaaaaaand we're back

Would be nice with some more trading talk here than this teenage drama. For example, does no one here read books about trading? On bitcoinmarkets people are more focused on the strategy and psychology, this feels like a crypto version of r/investing with feel good quotes about "buy the dip average 7%"

Currently I am reading this https://www.amazon.com/Market-Mind-Games-Psychology-Investing/dp/0071756221/ref=sr_1_3?s=books&ie=UTF8&qid=1549915685&sr=1-3 , very applicable to crypto

It is actually something I read in a non-fiction book, called [283 Useful Ideas from Japan] (http://www.amazon.com/Useful-Ideas-Japan-Leonard-Koren/dp/0877014833). First published in 1988 and allegedly all true.

I'll admit I inferred the Hello Kitty part, though.

-d-

Yes I'm majoring in finance in college and I personally have an attraction towards learning about personal and corporate finance. Also you can get the commodity options book on Amazon for $30
https://www.amazon.com/Commodity-Options-Trading-Volatility-Lucrative/dp/0137142862

Sorry, to jump in on this thread, I just wanted to send you a message, OP, but not privately so others can weigh in. I'm not sure if you noticed one of my posted book suggestions, Madam, but if this subreddit is interested in reading this book (doesn't have to be now, can be a future choice), I can ask the authors to do a question/answer session or even a historical period introduction. Just throwing the suggestion out there.

Madam is newly published, but two other options would be Leg the Spread and The Whistleblower (which does have a movie loosely based on the book). All three of these books deal with women's issues- prostitution, women in the male dominated commodities trading world, and sex trafficking.

I am related to the author, and not trying to promote the books so much as offer the possibility to have a book club discussion that we are able to include insights from the author as well as be able to ask questions. Just let me know and I'll ask her.

The Intelligent Option Investor

Deals with options from an intuitive sense instead of pure mathematical angle.

https://www.amazon.com/Intelligent-Option-Investor-Applying-Investing/dp/007183365X/ref=nodl_

The book Mean Reversion Trading Systems by Howard Bandy provides an approach that accomplishes this.

I recommend checking out this book, Positioning Analysis in Commodity Markets: Bridging Fundamental and Technical Analysis.

I'd recommend this book:

http://www.amazon.com/Intelligent-Option-Investor-Applying-Investing/dp/007183365X/ref=sr_1_1?ie=UTF8&qid=1458708610&sr=8-1&keywords=intelligent+options+investor

[Oil 101]
(https://www.amazon.com/Oil-101-Morgan-Downey/dp/0982039204)
isn't bad. [Masting the Grain Markets] (https://www.amazon.com/Mastering-Grain-Markets-Profits-Really/dp/1477582967) also isn't bad. Neither will teach you everything you need to know, that will only come on the job.

Have you never read about trend trading?


Trend Following: How to Make a Fortune in Bull, Bear, and Black Swan Markets (Wiley Trading) https://www.amazon.com/dp/B06Y63RDS2/ref=cm_sw_r_cp_api_i_VAj2DbR0JPY8S

Seriously, learn the basics. Emotion =bad; analytics = good

There, you learned something. Read a book and spend less time on reddit skippy.

Should I buy silver based on the following statements?

I read Stack Silver Get Gold and in chapter 14 the author gives a number of reasons why the price of silver should go up in the future. These, which I've summarized, include the following:

• The world will soon run out of minable silver, and lots of silver is needed for the production of a number of goods.
  
• The price of silver is depressed by governments selling their stockpiles.
  
• The price of silver is being kept artificially low by big traders of silver futures and that can't keep going on forever.
  
• Silver is historically cheap compared to gold, in terms of the gold/silver ratio, and it's reasonable to expect that ratio to bounce back.
  
  After doing a little research, I found that most silver is produced as a byproduct of zinc and lead refining, and the USGS predicts demand for silver to decrease. So I don't think the first statement is really true, silver production will continue for a long time because those other metals will continue to be mined. What about the other statements? How true are they?

Here's a book about one subset of the topic:

https://www.amazon.com/Mastering-Grain-Markets-Profits-Really/dp/1477582967

Basically, a computer can't call up a farmer and feel him out for how his crop is doing and see how motivated he is to sell. There are plenty of quant traders in the markets too, but they're subservient to fundamentals most of the time, and the people that know fundamentals are people with rolodexes.

Check this book on Amazon. I have been using this as a starting point. I have invested for the first time in January so will let you know how it went after a year. https://www.amazon.com/Intelligent-Option-Investor-Applying-Investing/dp/007183365X

Another thick book that covers a lot of stuff:

Trading Systems and Methods by Perry Kaufman

https://www.amazon.com/Trading-Systems-Methods-Wiley/dp/1119605350

​

Another classic trading book

The Ultimate Trading Guide by John Hill

https://www.amazon.com/Ultimate-Trading-Guide-John-Hill/dp/0471381357

Here’s the Amazon link. I tried to imgur the back cover but am too retarded.

watch "The Secret of Oz" http://www.youtube.com/watch?v=7qIhDdST27g and read "The Dollar Meltdown"
http://www.amazon.com/Dollar-Meltdown-Surviving-Unconventional-Investments/dp/1591842840
but for a quick look at the liar Bernanke is look at the links below.

http://finance.fortune.cnn.com/2011/02/01/bernankes-biggest-blunders/
http://fedupusa.org/Ben%20and%20Hank%20Lies/Bernanke%20Lies.html
http://www.youtube.com/watch?v=PTUY16CkS-k http://www.youtube.com/watch?v=anQDo_iTp78 http://www.youtube.com/watch?v=A4kxTkhwR_Q&feature=related