Customer Reviews

How To Become a Real-Time Commodity Futures Trader - From Home : Living the Ultimate Entrepreneurial Dream

5 star:		(2)
4 star:		(0)
3 star:		(2)
2 star:		(2)
1 star:		(2)

 

 

This book only covers the very basic information needed. And all of the info he gives you in this book is free on the internet. He hypes excellent results from his system but that is another purchase, a very expensive software purchase. It boils down to this...you are paying him for an advertisment to buy more of his product.

This book is a glorified sales pitch for Mr. Kriegers analysis tools. It falls way short of being a how to guide. While his writing is good and the information is helpful, it stops at the most critical point...How To! The book should be priced at $19.95 based on the infomation provided and that they hope to make money on the other end as well. The information can be found elsewhere and you won't feel fleeced when your done.

If this will be your first book on commodity trading, it's a fair introduction. However, if you've read anything before, then save your money and invest it in a real-time system.

Krieger has managed to pack into this book (he calls it a "guidebook" and I see why) everything from incredibly accurate day trading reversal techniques (using heretofore unexamined uses of WD Gann's genius), to detailed analysis of the amazing Keltner Channel, in which the price bars predictably move day after week after month (a true leading indicator). And this is just a tiny portion of the very practical and profitable technical analysis techniques thoroughly discussed throughout the book. It also goes into the most fascinating discussion of the natural forces which underlie the markets and how you can use them. It also details excellent money management and risk management methods, and has the most comprehensive overview of the entire business I have read. And it really does show how to trade as a business and not a gamble, which is of critical importance to our consistent success as traders. An entire chapter details how to best deal with news and government reports. The list goes on and on. It is, in a word, Practical. Although I think you have to be an actual trader to really appreciate just how good and useful this book is, it does start from a beginner's perspective. This book gets my highest recommendation. A brilliant work!

Why do I recommend this book so highly? My ever-growing trading account has something to do with it! This is no joke folks. The detailed knowledge presented in the pages of Scott's book has ultimately translated into significant trading profits for me, often on a daily basis. And I have definitely "paid my dues" as a trader so I know what I am talking about. I had been trying to trade successfully (both daytrading and position trading) for almost three years, and during that time I acquired a library of about 45 trading books. I learned a bit here and there, but ultimately they didn't help make me any money at all (and often to the contrary, I lost a great deal trying to follow their poor directions in the rough, no nonsense, real world of trading). It got to a point where I thought I could never succeed at the "dream" of being an independent trader at home.

Well, I can happily tell you that UNLIKE any of those other books, Scott's is overflowing with the real, practical "How To's" of trading (from A to Z, just like it says), and it actually shows you how to make serious money at this. It turned my trading around 180 degrees to the plus side! Finally! To be a successful trader you really do need knowledge (just like Scott says) and this book has it in spades. It is also extremely easy reading, even when it gets very technical. It's amazing how it actually turns you into a successful chart analyst without your even realizing it.

Bottom line is it works! But don't just take my word for it. Check out all the other trader and professional reviews of the book at Amazon and at the book's own web site, and then just get it! Sorry this review was so long people, but I am very excited about all this, and if I can help you to shortcut all the useless time, frustration and loss of money that I went through then it is all worth it, right? Go for it and Happy New Year!!

Most basic information initially presented. Then he gets to his Keltner channel & triple moving average system, yet doesn't reveal the parameters! Digging through the later parts of the book, I catch that the moving averages are 5, 9, 20 but I never even found out the magic Keltner Channel settings that he bragged about.........the very cornerstone of his method! Also, the Keltner Confirmation method is a scam to get you to purchase expensive software. He never reveals the many confirmation factors in the book, only if you purchase the expensive software.

This is one of several titles I read about making money using the internet. I found Trading Online (FT Pitman) by Alpesh Patel more helpful but this is useful.

If you read this book and decide to follow it,investigate further. S&P daytrading and day trading in general, is very competitive and very risky. Before you risk your $20,000 or so bankroll,read an issue of 'Futures Truth". Ask about this systems performance. Consider your survival chances in the storm of recent market volitility. Consider the analogy of learning to fly. Do you start in a Cessena 150 or an F-14 ? Other than that,this is a great book that has introduced me to the fasinating feild of trading. Thank you ,Mr. Krieger.