Praise for A MANIAC COMMODITY TRADER'S GUIDE TO MAKING A FORTUNE"Kevin Kerr has the keenest instincts of any commodities trader I've ever met. His recommendations are money in the bank. This book is your passport to the exciting, frantic, frustrating, and potentially enormously rewarding world of futures trading. Do you want to make money in futures and options? Read this book and let a master show you not only how to trade, but how to trade to win." --Sean Brodrick, Editor, MoneyandMarkets.com"Any old trader can throw money into the commodity pits, although why do you think that they call them 'pits'? With Kevin Kerr as your guide to understanding the commodities markets, it is as if you have Babe Ruth as your batting coach. Kevin has that uncanny knack for doing things right, and the magic eye that can see the stitches on the fastball. Kevin's brilliant new book will help you to develop the ability to choose your pitch, and to swing at the ones on which you can make money. Before you play another inning of the commodities game, Read This Book!"--Byron W. King, Contributing Editor, Whiskey and Gunpowder, www.whiskeyandgunpowder.com
Traders make good authors when they share their street smarts and express themselves with the same voice they use in the market. I enjoyed this work and found it a useful overview of commodities trading. Kerr explains the types of products, best advice on trading, and important warnings. I got a little tired of the jokes used to lighten the explanation of jargon, such as head and shoulders pattern.
This book is a very basic introduction to various commidities being traded (and to their exchanges) and to futures/options, sprinkled with various stories from the author's career. It is far from being roadmap to anywhere, and the trading strategies discussed are the types of buy low/sell high recommendations and of seasonality. I did like drawings of the pit hand signals though.