Futures 101: An Introduction to Commodity Trading

Overview

Curious about commodities? If you're looking for a good book that explains futures trading, this is it. Ordinary investors, professional traders, corporations, municipalities, unions and pension funds make and lose money every day trading in the trillion-dollar futures business. Now you can understand how they do it.

Futures, a financial arena bigger than the stock market, generates profits and losses ranging from the price of a cup of coffee ...

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Overview

Curious about commodities? If you're looking for a good book that explains futures trading, this is it. Ordinary investors, professional traders, corporations, municipalities, unions and pension funds make and lose money every day trading in the trillion-dollar futures business. Now you can understand how they do it.

Futures, a financial arena bigger than the stock market, generates profits and losses ranging from the price of a cup of coffee to the price of a house. And results can happen in minutes, days or months. But most first-time traders lose. One reason may be because new traders really don't know how it all works and most quickly end up losing their money.

This unusual, impartial book details the profits and warns of the pitfalls of trading with examples, trivia, humor, a conversational style, and no sales pitch - approaches not always seen in the financial field. Researched and written by an experienced and independent trader, Futures 101 has dozens of subjects for the new or potential investor, and comfortably explains futures for the financially curious.

There is even a non-political analysis of how Hillary Rodham Clinton had a net profit of $104,926.00 when trading futures many years ago. (Hint: She did nothing wrong).

Futures 101 recently won the Best Book Of The Year Award in the Business Category from North American Bookdealers Exchange.

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Editorial Reviews

Troutman
"... Futures 101 is not a typical book on futures trading... interesting style, part commentary, part verse, snippets not long chapters. A good read for people who know little or nothing about futures markets. More approachable than some other introductory books. All in all, if you are looking for a good book to give you a futures overview, this one works."

--Troutman, Defender Capital Mgt., (internet commentator)

Jonathan Pease
"... I was impressed with what a nice job you do in educating the reader as to the mechanical workings of the market."

--Jonathan Pease, Investors' Network (internet bookstore)

Applied Derivatives Trading
"...The author appears to enjoy creating rhymes as well as forcing the odd pun. Given this style, in some ways this book reads how I imagine the late Dr. Suess would have treated the same subject matter. Chapters are succint and deal with various aspects of futures in turn. There is also a distinct lack of jargon and no complex mathematics to frighten off the casual reader."

--Applied Derivatives Trading, London, U.K. (internet magazine)

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Product Details

  • ISBN-13: 9780965659307
  • Publisher: Squantum Publishing Company
  • Publication date: 6/15/2003
  • Edition description: REV
  • Pages: 301
  • Sales rank: 825,314
  • Product dimensions: 5.46 (w) x 8.34 (h) x 0.79 (d)

Table of Contents

Table of Contents: commodity overview ...........futures vs. stocks ............ charts
historical background .........exchanges ........................ support
a simplified example ..........open outcry, the pits ........ resistance
why futures? ......................margins, margin calls ....... volume
brokers ..............................longs ................................ open interest
clearing houses ..................shorts ............................... stochastics

hedgers and hedging ...........spreads .......................... contango
portable contracts .............. ticks ............................... leverage
speculators ........................limits ............................... trade examples
market prices .....................technicals ....................... Elliott Waves
price trends ........................fundamentals ................. trading systems
trade sequence ...................profit examples ............. trading courses

contract pricing .................. client accounts ............... newspapers
contract distribution ........... managed accounts ......... magazines
trading months .................... fees, commissions ......... books
tickertapes .......................... watchdogs ...................... television

Hillary Rodham Clinton: from $1,000.00 to $104,926.00 in 16 months.

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Sort by: Showing all of 3 Customer Reviews
  • Anonymous

    Posted April 16, 2010

    good 101

    One day you walk down a street and run into a very nice Frenchman(?). You are so impressed and decide to learn the language of this delightful people(!) and visit their land. You take French 101, learn all the phrases necessary to get by, thinking I will have a time of my life. You fly over and start touristing. You manage to check yourself into a hotel speaking your new language; your orders seem to come to your table in estaurants. But most of the time, you are still treated like sh... and you think to yourself "what the he.....?" If you are drawn to the futures market for one reason or another, "Futures 101" does not seem like a bad place to start (especially if you are not a mathematical genius). But if you jump into the market after just reading this book, believing you know the stuff now, you may get a big slap in the face; ouch!

    bad analogy; couldn't think of a better one....

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  • Anonymous

    Posted September 27, 2005

    very very basic

    this book is great for people who haven't a clue what a future is, however it fails to scratch the surface of even intermediate concepts for futures trading.

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  • Anonymous

    Posted June 5, 2003

    GoinLong

    Futures 101 is the best book ive read on trading so far...he gives you examples through-out the book. If you dont know anything about commoditys, START HERE

    Was this review helpful? Yes  No   Report this review
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