How to Make Profits in Commodities Book
W.D. Gann is considered to be the greatest trader of all time. This book reveals how to make profits on the commodities exchanges. It combines theory and practice, and through its straightforward, logical approach, Gann presents an excellent case for making money in commodities.
The book to which Mr. Gann claimed he gave the best years of his experience, How to Make Profits In Commodities is the favorite of among Gann-fan commodity traders and stock traders worldwide!
How to Make Profits in Commodities Book Review
This book is usually priced around $50. (a mere one cent move in grain futures) Yet the same cost provides us with a wealth of knowledge far beyond a lot of the modern books written on commodity trading!
Whilst certain things like placing a 2-3 cents stop will have gotten outdated, many of the ideas such as to divide your trading capital into 10 equal parts and risk only one tenth at a time are useful for the present time and also for the future!
The section that is most appealing is the area that deals with the TIME periods. As Gann said: “Time is the most important factor.” I am in complete agreement with him.
Another thing that I will like to add is that there are a lot of things that need to be understood as the reader may not grasp these on a first quick reading.
I will definitely suggest that ALL teaders of all types of futures should get a copy of it and read it more than a few times. Use it as a source of knowledge and as a reference guide as well.
From the use of this book, you will be inspired to carry out your own experiments and get some interesting results.
