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

Looking for the book?
We have the summary! Get the key insights in just 10 minutes.

A Maniac Commodity Trader's Guide to Making a Fortune book summary
Start getting smarter:
or see our plans

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; and
  • How technical analysis can help you map your moves.
 

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.

 

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...

More on this topic

Customers who read this summary also read

The Rise and Fall of Nations
The Rise and Fall of Nations
7
The China Triangle
The China Triangle
7
Penny Stock Chronicles
Penny Stock Chronicles
8
Innovation and Its Enemies
Innovation and Its Enemies
8
Cryptoassets
Cryptoassets
8
A Gift to My Children
A Gift to My Children
7

Related Channels

Comment on this summary