Saturday, July 21, 2007

Trade Stocks and Commodities With The Insiders

Experienced veteran trader Larry Williams has done everybody looking for a book explaining the Commitment of Traders report a great favour. Personally, before I read this book, my knowledge of the COT report was limited to what I had learned from a Technical Analysis of Stocks and Commodities magazine article I read last summer. This book helped me expand my knowledge on the topic more than I would have imagined.

One of the first things I noticed when I read this book is Larry William's style of writing. Larry writes as though he is speaking to you in an everyday conversation, which means the book has a less formal feel to it. I liked this style of writing, especially after reading so many books that were unbelievably dry and mundane.

However, it's what the book contains that is most important, and this book contains a great deal of precious knowledge. Larry shows how you can see what the large financial institutions are doing, and how they affect the market. Larry shows many charts showing correlations to what the COT report shows and price action of commodities.

More importantly, Larry shows you how you can see what the commercials are doing. The commercials are the guys who actually use or produce a commodity to conduct their business, such as a gold miner, for example. Larry's analysis of these guys is ingenious, and I thought he made perfect sense.

One drawback to this book is that it will not help you, in my opinion, to predict stock fluctuations. This book will be more helpful to those who are concerned with commodity prices. Larry attempts to use his own proprietary method for analyzing individual stocks, but he does not share how it is calculated. This was the book's weakest section. In addition, I felt that the price was too high for a book that was only 207 pages.

All in all though, I would recommend this book to anybody interested in the gold, currency, or commodity markets.

Overall Rating: 8/10


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how to trade stocks for free said...

Hello Everyone.

I read the article and it happens to be that like the author, i too had learned from reading and analyzing Stocks and Commodities magazine articles.
At some point I decided to trade online, took a tutorial online course (for free) and started trading at all kind of websites. I have been investing in stocks online for a while now and i have to tell you it is much better than the old fashion way.
Thank you for the article, it was a nice read.

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