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Fluidollar said: "It seems like most the books on futures trading are a waste of time, but I have come across a few that are actually useful. The first is Technical Analysis of the Financial Markets, a book which originally just focused on futures but has more recently expanded to include the stock market. The other is Mastering the Trade, by John Carter, one of the best books on futures trading."
ratAphooey said: "thanks for the recommendation.
im just starting to read up on this stuff."
AlfredSokol said: "Even Jesse Livermore used to speculate on commodities. The only problem I have with it is you might have to take delivery of the underlying commodity. And I dont have room for thousands of pounds of corn!"
Fluidollar said: "[QUOTE=AlfredSokol]Even Jesse Livermore used to speculate on commodities. The only problem I have with it is you might have to take delivery of the underlying commodity. And I dont have room for thousands of pounds of corn![/QUOTE]
Haha that almost never happens... your broker will call you and yell at you to liquidate before expiration. Even if you do get stuck with the actual commodity, your broker handles it for you"
Rickster said: "And if you are on margin, they sell you out a month ahead of time, whether they can reach you or not. I learned the hard way."
ratAphooey said: "Whoa. They sell out the whole thing? Is it if you dip below a certain amount?"