The Futures Game: Who Wins, Who Loses, & Why [Hardcover]

Richard Teweles (Author), Frank, Jones (Author)

Book Description

Publication Date: November 30, 1998 | ISBN-10: 0070647577 | ISBN-13: 978-0070647572 | Edition: 3

Since it first exploded onto the markets in 1974, THE FUTURES GAME has helped thousands of traders gain an intelligent understanding of futures markets. Over the years, Richard Teweles and Frank Jones have kept their fingers on the pulse of the dynamic futures trading industry, first updating their classic text in 1987. Now, this third edition of THE FUTURES GAME has been completely updated and revised to keep all participants--whether speculators or hedgers, new or veteran--one step ahead of this fast moving, high-stakes game. Combining two decades of strength and wisdom with todayÕs most innovative research and strategic recommendations, this guide to the futures markets continues its reign as the number one tool for futures trading mastery. THE FUTURES GAME, 3rd Edition, walks you through the universe of futures trading possibilities and opportunities, starting with an in-depth discussion of market basics that includes the nature of the contract, the organized markets for those contracts, and the relationship between cash and futures prices. The elements of successful trading are isolated, described, and analyzed to make you familiar with profitable decision-making processes. After that, detailed chapters devoted to particular markets explain price determinants and speculative possibilities within currencies, commodities, and stock index futures. "Notes from a Trader" sections go beyond theory and speculation to provide valuable tips and pointers -- expert guidance you can use to squeeze the maximum benefit from each trade. The comprehensive facts and insights packed into this traderÕs bible will help you predict what might happen--and why it might happen--in virtually every kind of market. New information in this important third edition includes: Latest research on important topics including efficient market hypothesis, technical and fundamental analysis, and much more É A comprehensive listing of valuable Internet website names and addresses. Stronger emphasis on financial instruments É Innovative strategies for maneuvering through the increasingly important international market É Completely revised sections devoted to Basics of the Game, Playing the Game, How to Win or Lose, Succeeding as a Broker, and Choosing the Correct Markets. Filled with knowledgeable trading strategies and insights, revealing charts on todayÕs most interesting futures markets, and numerous respected trading approaches that will allow you to craft a style based on your own strengths and requirements, THE FUTURES GAME is likely to become the one resource you refer to most often. (19990524)

Editorial Reviews

Review

'Teweles and Jones also provide a thorough review of the three main trading strategies--fundamental, technical and spread-based trading--as well as the myriad strategies possible in trading options on futures' (TheStreet.com )

From the Back Cover

"You'll never learn a trade until you learn the tricks of the trade." Futures trading has undergone a dramatic metamorphosis. Regulatory changes have rewritten the trading rules; the emphasis has changed from grains and metals to financial instruments, such as Treasury bonds and foreign currencies; computers and the Internet have made the dissemination and digestion of information widespread and immediate; and commission rates have fallen significantly, benefiting both hedgers and speculators. The Futures game, Third Edition, helps traders prepare for trading today and well into the 21st century. This revised and updated edition of the classic futures traders' guidebook provides valuable, accurate knowledge of: today's important markets. From interest rate and foreign currency futures to worldwide petroleum markets, discover high profit/protection strategies for trading the most popular markets! Hedging versus speculating. These two different motives often have diametrically different strategies. Find out which strategies work best for each. Trading and research software. Discover the most popular and functional software products for both fundamental and technically driven forecasting application. Filled with Hundreds of recent studies and research projects on futures markets, enlightening explanations of recent regulatory changes, and more, The Futures game, Third Edition, provides a complete overview of the game in which global knowledge is now a requirement--and the potential for extraordinary profits continues to climb.

See all Editorial Reviews

Product Details

• Hardcover: 676 pages
• Publisher: McGraw-Hill; 3 edition (November 30, 1998)
• Language: English
• ISBN-10: 0070647577
• ISBN-13: 978-0070647572
• Product Dimensions: 9 x 6.2 x 1.7 inches
• Shipping Weight: 2.2 pounds (View shipping rates and policies)
• Average Customer Review: 3.9 out of 5 stars  See all reviews (9 customer reviews)
• Amazon Best Sellers Rank: #117,055 in Books (See Top 100 in Books)

More About the Author

Discover books, learn about writers, read author blogs, and more.

Customer Reviews

Most Helpful Customer Reviews

32 of 34 people found the following review helpful:

5.0 out of 5 stars No kidding, February 6, 1999

By A Customer

This review is from: The Futures Game: Who Wins, Who Loses, & Why (Hardcover)

If you are going to trades futures, read this book, make a few trades, then read this book again. It is a cold, hard look at the reality of trading. While just about every other book on futures trading assumes you are a gullible idiot, this one exposes the difficulty of the pursuit. Its depth and breadth are incomparable.

18 of 19 people found the following review helpful:

4.0 out of 5 stars A great futures primer., October 15, 1998

By A Customer

This review is from: The Futures Game: Who Wins? Who Loses? Why? (Paperback)

This book provides an excellent overview of futures trading. It also deals with options and spreads. Anyone who can completely digest the contents of this entire book may be able to gain a slight edge over other novice, unsophisticated traders. This book is also reccomended by the great Victor Niederhoffer, in his book "Education of a Speculator".

15 of 17 people found the following review helpful:

5.0 out of 5 stars Belongs On Every Serious Market Participant's Bookshelf, May 21, 1999

By A Customer

This review is from: The Futures Game: Who Wins, Who Loses, & Why (Hardcover)

This is clearly one of the best investment books written. The title belies the breadth of valuable market knowledge the book offers students of the markets.