Trading Books
What are some of the best books to read to learn more about trading (specifically energy commodities)?
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“Commodities and Commodity Derivatives” by Helyette Geman
“The World for Sale” by Blas and Farchy
“The Domino Effect” by Russell Braziel
“Trading Natural Gas” by Fletcher Sturm
“The Smartest Guys in the Room” by McLean and Elkind
Focus on the physical. Understanding what drives product flows and studying how upstream & midstream players react to market conditions is the most fundamental information to learn. Some of the best energy traders are good ol boys who know the physical market extremely well or ex-refinery chemical engineers. If you understand energy and keep up with the market as a whole, the trading intuition should follow
Which one do you put on the first place?
The Domino Effect for physical markets, Geman for the contracts/trading information
Oil 101 is a good start
The King of Oil
Hedge Hogs
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