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Commodities are actually less volatile than stocks, but they have an undeserved repuation for being more volatile and the source of much angst because of less restrictive margin requirements, which allow as much as 10-1 margin, unlike stocks, which are more like 2-1.
Clearly, a commodities investor can lose money more readily than a stock investor, without proper money management discipline.

I'd advise reading some books on commodities/futures, such as Richard J. Teweles and Frank J. Jones, _The Futures Game_. Michael Covel's recent book _Trend Following_ is a must read. Russell Wassendorf has an introductory book and there are others available. Jack Schwager wrote some good books on commodities. You can find others at amazon or Barnes & Noble, Borders, etc. in the business section. There are also magazines on futures with online and hard copy editions.
Do a google search for John W. Henry and read his online interview(s).
The original turtle trading rules are also available online and can be found with a google search. I printed them recently in about 33 pages.

Also, check out the recent online video interview of Jim Rogers at buisness week. There was a link at one of the other fool boards, which I saw this morning.
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