Covers all the 20 major commodities, giving trading rules that the professionals use for success. Easy to read and loaded with charts, information and rules. Shows how to earn 360% per year, how to find the best trades, and much more.
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Most Helpful Customer Reviews
6 of 9 people found the following review helpful
Format:Hardcover
Not a very well known book in the business. Simply becuase people don't want others to know. This book is full of excellent advice and suggestion in the commodities market. It provides all the necessary information to start trading. It is totally unnecessary in knowing all the complicated theories that are out there in other books that take up hundreds of pages to explain, simply to prove that the prices either go up or down. Not everyone can be a trader but this book provides all, if you are the right person.
2 of 3 people found the following review helpful
Format:Hardcover
As I always want to apply the rule "keep it simple stupid" for my trading, this book is the best I ever read and this is really, simply, and practically help me making my trading decision and building my trading system. I now start making money using this techniques and follow his rules, I get more and more confident in trading.. But I dont know for those who wants complexities.
I adore this book and personally offer highly respect and thanks to
Mr R C Allen for his genuine and valuable contribution to trading.
I adore this book and personally offer highly respect and thanks to
Mr R C Allen for his genuine and valuable contribution to trading.
0 of 1 people found the following review helpful
Format:Hardcover|Amazon Verified Purchase
This book is a huge disappointment. Bought it based on other reviews and recos from trading forums. To start with, the author's writing style is so 1950s that it hurts. The charts (what few ones there are) have handwritten notes. Most of the trading advice consists of trading 101 cliches such as "let your winners run and cut your losses short". To be fair, when this was written, trading commodities was not a widely undertaken endeavour by non-professional traders so perhaps that can be forgiven.
A glaring error repeated throughout the book occurs when the author suggests that by earning 30% per month, which presumably his book will help you do (hah!), it is possible to earn 360% per year. Perhaps compound interest (along with electricity and the automobile) had not yet been discovered as of the publication date, but a 30% return each month compounds to an annual return of 2,330%...! Such innumeracy is quite frankly astounding for the author of a book on finance. The very best hedge fund managers, who manage billions in investor capital, are lucky to return 30% per year. This guy is a joke.
The author repeats again and again that the best way to invest is in a "special situation" which may only occur once a month. Besides never bothering to explain exactly what this "special situation" is, despite constantly alluding to them, he also never tells you how to find one.
Bottom line, terrible book, terrible writing style. Don't be a sucker, if the title sounds too good to be true, it probably is.
A glaring error repeated throughout the book occurs when the author suggests that by earning 30% per month, which presumably his book will help you do (hah!), it is possible to earn 360% per year. Perhaps compound interest (along with electricity and the automobile) had not yet been discovered as of the publication date, but a 30% return each month compounds to an annual return of 2,330%...! Such innumeracy is quite frankly astounding for the author of a book on finance. The very best hedge fund managers, who manage billions in investor capital, are lucky to return 30% per year. This guy is a joke.
The author repeats again and again that the best way to invest is in a "special situation" which may only occur once a month. Besides never bothering to explain exactly what this "special situation" is, despite constantly alluding to them, he also never tells you how to find one.
Bottom line, terrible book, terrible writing style. Don't be a sucker, if the title sounds too good to be true, it probably is.
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