Summary of A Maniac Commodity Trader's Guide to Making a Fortune

A Not-So Crazy Roadmap to Riches

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A Maniac Commodity Trader's Guide to Making a Fortune book summary
Fantasize about getting rich trading in the pits? Then this is the book for you.

Rating

6 Overall

5 Applicability

4 Innovation

7 Style

Recommendation

If you are looking for a strong point of view that boosts the optimists’ side of commodities trading, this is it. But Kevin Kerr’s assurance that you can make money by trading commodities does not take into account the real risks involved, and could mislead potential traders. The truth is that the odds are stacked strongly against any investor, particularly in the now nearly-extinct open-outcry pit trading that Kerr discusses at length. However, his rundown of the basic facts about the commodities markets will give you a start in learning about this arcane investment science. getAbstract suggests that it may fit in as one among many texts you might want to study before jumping into the pit.

In this summary, you will learn

  • Why the commodities markets are going through a boom period
  • Which are the most important commodities traded today
  • How to apply the fundamental do’s and don’ts of successful trading
  • How technical analysis can help you map your moves
 

Summary

Commodity Markets
Commodity futures provide producers and traders with a method of smoothing out price movements and a means of capitalizing on market moves. Commodity markets have their roots in ancient times when futures contracts were made primarily to actually receive or deliver the...
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About the Author

Kevin Kerr is editor of Resource Trader and co-editor of Outstanding Investments. He is a correspondent for MarketWatch from Dow Jones, and a frequent contributor to Barron’s and the Wall Street Journal.


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Contained in Knowledge Pack:

  • Knowledge Pack
    Commodities
    If the commodities market, from oil to cotton futures, seems like a mystery (or if you just want a little gold of your own), start here to learn about all that glitters.

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