Trading Commodities and Financial Futures: A Step by Step Guide to Mastering the Markets, 3rd Edition

If you're interested in how the commodities and currency markets work, this is definitely the book to read. If after reading this book you decide to stay with stocks, then you still benefit by getting a better handle on money management. If you're in stocks, you may think to yourself that since you never or rarely trade on margin you are a good money manager, but after reading this book you may reconsider your opinion. For example one of your bad practices might be putting so many eggs in one basket that you won't or can't get out if the trade goes against you. Another one might be buying against the prevailing trend, failing to use stops, averaging down, or cashing out profitable trades to chase losing ones. Money management is the central theme of the book and you had better make sure you're good at it before moving from the fairly forgiving stock market to the totally unforgiving commodities market.

i received the book only 3 days after purchase, it was in great shepe and very well packaged. im about 1/3 done with the book and it's pretty good. the main market i focus on is crude but this book gives you a general idea of how the other markets work. it's a good strating point but if interested in trading as a full time job you will definetely need support from other sources. overall it's a good intro to the commodities markets and the context is well understandable

good product

Great book for learning futures market and trading options on futures (commodities). Clear explanations and deep dive examples plus a primer on futures market for newbies plus advanced strategies for expert levels. Priceless knowledge.

This book was very easy to understand and read. Being an experienced stock trader, for my own account, I may have more of a "jump start" on the markets than someone who has never seen a breaout pattern or heard of support/resistance. This book is for both the beginner and advanced trader. Good illustrations, etc. Spend $30 bucks on this book and you will agree.

This an insightful book about the authors experience with commodity trades. For those who are clueless and watch Mad Money, I wouldn't recommend this book because it doesn't visualization. It's More of a general overview of the basics, it brings a good feeling for individual investors who are stumbling to make a decent decision. Instead, go with Dona Kline, Kenneth Morris "WSJ: Guide to Understanding Money and Investing" or stick to the Dearborn PassTrack books. Also try Kaplan for continuous education, but don't rely on it too much. For those who are seriously taking the securities exams, always prepare yourself for 110%, nothing less. GO FOR IT !

Excellent, thorough and clear coverage of the title topics. The best of a dozen books I have on the topics. Full of clear explanation, without being dull and boring. Recommend highly.

its ok book. nothing special that i learned from this book

A titre personnel je suis très satisfait du contenu. Par contre je peux comprendre la déception chez certains. En effet le format est relativement court et traite beaucoup de sujets au détriment de certains détails. Il faut considérer ce livre soit comme une introduction si vous êtes novice, soit comme un complément si vous avez déjà des lectures à votre actif. Par exemple, si vous vous intéressez à l'analyse technique, vous trouverez du très bon contenu et des tips personnels de la part de l'auteur mais lisez l'analyse technique des marchés financiers de Murphy. Là vous aurez beaucoup plus de matière. Si le fonctionnement des produits dérivés vous intéressent vraiment, travaillez le "Options, futures et autres produits dérivés" de John Hull (oui je sais c'est très exigent mais maîtriser un sujet demande beaucoup de travail). En plus de ça le Hull est réédité régulièrement, ce qui vous permet de travailler avec des données récentes. Ne pas oublier que cette édition de Kleinman date de 2004, certaines données sont datées, mais la majorité du contenu généraliste qu'il propose est intemporel.

As the author points out at the start of the book, for the speculative markets to work, as much money has to be lost as won. As a result don't expect an expert to give you all his secrets. What the book does do very well is get across the way the markets are essentially loaded against you as a private investor. Having got this across it advises how to start building up expertise and your own trading strategies that try to overcome this disadvantage. It goes on to explain the basic concepts of fundamental and technical analysis to the point that I now ignore most of the rubbish put out on trading blogs by bedroom speculators. The book does develop a basic methodology to follow but as is somewhat inevitable in a book like this it is rather too general to use "as is". I've given it five stars as it was just the right level for me (absolutely no trading experience at all). It had a really good interesting pace and I now feel that I know enough to understand basic charts and at least go off to find more detailed information in the correct place.

the book I received doesn't look like the book in the amazon picture....but the content seems to be good. I didn't read all yet.

The book was a little disappointing, you are better off reading the economist or the financial times and get a better useful information on this subject.

Was a ok and a good read. Examples good have been a little better.