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Book Review: Trading Commodities & Financial Futures...

trading commodities and financial futures cover image
Trading Commodities & Financial Futures: A Step-by-Step Guide to Mastering the Markets is a popular trading publication, especially for those who are new to commodity and futures trading. The book is written by George Kleinman, who has a 30 year record of success in the commodity futures industry and is the president of a futures advisory and trading firm (Commodity Resource Corp), which assists individual traders and corporate hedgers.
Trading Commodities & Financial Futures was one of my first trading book purchases, below is my review...



It Covers Everything from Basic Definitions to Trading Strategies

The trading book is great for beginners and provides a wide range of material. The first chapter explains contracts, expirations, margin, leverage, delivery months, brokers, etc, etc. As the book progresses so does the material. By the end of the book, Trading Commodities & Financial Futures offers details on fundamental analysis, charting, trading psychology and trading strategies. The trading publication also offers advice and strategies for trading options.

It's offers Reliable Advice

George's advice is solid. He has a wealth of commodities trading experience and knows what he is talking about. One of the chapters in the book shares 'Twenty-five trading secrets of the pros', these "secrets" are great snippets of advice, including 'Have a plan before you trade', 'Money management is the key', 'Patience pays' and 'Never average a loss'.

It's Practical

Trading Commodities & Financial Futures has numerous price charts, tables and other illustrations. I love trading books that are very practical, I seem to understand explanations much better and find the book much more interesting.

Summary

This book will not help you better understand Forex trading, it was not written with the Forex trader in mind (though some of the advice given in the book is just as applicable to trading Forex as it is trading commodities). If you are like me, a Forex trader but keen to learn about other financial markets, then 'Trading Commodities & Financial Futures' is very recommended - I know of no other book that covers and explains commodity trading like this one!

If you would like to purchase this book, please use this link if you are in the UK or this link if you are in the US.

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