Just a couple quick questions on futures/commodities.
Is there a particular book you could recommend for a beginner just to gain a basic understanding on futures and how they work, pricing, strategies etc. I have only read using index futures to hedge your stock portfolio and using futures for leveraged exposure (which can be done with options also, so I dont really get the difference for that one).
Also for commodities, on the various kinds of commodities that are available to trade and how they generally work/move, i.e. seasonal variations affecting price of certain commodities (not sure if there is a book on such things or its more just something you have to learn from experience and watching circumstances such as supply/demand, war, natural disasters and applying technical analysis etc).
I understand you can trade both futures or options on commodities, however, futures are more risky and options more strategic (spreads etc), as such, futures appear to be a lot more straightforward than options? Is this correct?
Sorry if this is a bit of a mess, Im trying to process how it all works in my own mind. Hence, why I need books to really understand how all these things interact so I can make up my mind as to which are more suitable for me.