Commodity trading is never easy. It’s not meant to be, but it can be fun and it certainly can be profitable when done well. But even the most experienced investors cannot keep up with the changing markets as often and as well as they’d like because the very nature of the commodities market is to be confusing far more often than not. But amidst that seeming confusion, order can be found.
It does not matter if you are trading gold, soybeans, or bonds, a successful speculator has to keep an eye on what is happening in many markets around the world. At the same time, the speculator must be alert and mindful of his or her individual position in the marketplace.
I have been an observer/participant in the commodities world for more than 30 years. During that time, either as a hedger, floor trader, foreign exchange dealer, bond trader, or individual speculator, I’ve had far more than my share of dramatic ups and downs in the commodities markets.
It is in this light that I encourage traders everywhere to read Greg Weldon’s book. This book offers an intimate and insightful account of a professional trader from his first days as a novice walking onto the floor of the Commodities Exchange Center through the present, where he sits at home in New Jersey surrounded by sophisticated technology that provides him with ready access to data about markets in all corners of the world.
Not everyone will have the intellectual or psychological wherewithal to be a trader, but there’s still a good ...