Strategies for the Electronic Futures Trader [Hardcover]

Jake Bernstein (Author), Jacob Bernstein (Author)

Book Description

Publication Date: December 30, 1999

While tremendous growth and excitement are evident in electronic day trading of stocks, there is another area where the same technology and trading techniques will have an equal impact - electronic trading in futures. In this book, Jake Bernstein brings his expertise to bear on this phenomenon and discusses a wide range of trading strategies geared especially for electronically trading the futures markets. It also looks at the trading systems in development and the role of artificial intelligence and neural networks in the future of electronic futures trading.

Editorial Reviews

From the Back Cover

Faster Fills...Fresher Data...Everything You Need to Start Trading Futures with Your Computer in One Information-Packed Book!

Constant price swings and nearly instantaneous fills make today's futures market a happy hunting ground for savvy electronic traders - and an expensive school for the untrained! Strategies for the electronic Futures Trader will help you keep from becoming food fish in a sea of sharks by arming you with proven futures trading methodologies, risk management tools and, most importantly, the unbridled confidence you need to start building a career in today's high-potential, electronic futures, short-term and day-trading arena.

From the hardware and software you must have to the psychological make-up that's required, veteran trader, researcher, and author Jake Bernstein covers every angle of this no-limit profession to make sure that you'll enter the trading game completely prepared. Strategies for the Electronic Futures Trader features:

Strategies to take advantage of lightning-fast price swings in stock index futures, T-bonds, crude oil, and foreign currency futures. Rules to become a disciplined trader - managing each risk, evaluating every situaion, and controlling your emotions. Nine innovative trading systems explained in detail - back-tested and complete with historical results.

The electronic revolution has yanked the rug out from yesterday's floor-based futures traders, and thrown open the doors to all traders with a personal computer and a hunger for trading success. Strategies for the electronic Futures Trader gives you all the information you need to get started and details the tools you need to control risk, while reaping profits in this fast-moving market.

Product Details

• Hardcover: 256 pages
• Publisher: McGraw-Hill Trade (December 30, 1999)
• Language: English
• ISBN-10: 0071352325
• ISBN-13: 978-0071352321
• Product Dimensions: 9.4 x 7.7 x 1.1 inches
• Shipping Weight: 1.4 pounds
• Average Customer Review: 4.0 out of 5 stars  See all reviews (10 customer reviews)
• Amazon Best Sellers Rank: #2,402,597 in Books (See Top 100 in Books)

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Customer Reviews

Most Helpful Customer Reviews

7 of 7 people found the following review helpful:

1.0 out of 5 stars A Waste of Money - <1 Star, December 26, 2000

By 

JD Schaefer (San Rafael, Ca USA) - See all my reviews
(REAL NAME)   

This review is from: Strategies for the Electronic Futures Trader (Hardcover)

This book looks just like a compilation of the "author's" position trading books but with editing to put in the words "day trading" where "position trading" used to be. There's no other difference. The only potentially useful info to a newbie was about monitoring the first 30 minutes to try to determine the direction of the day. However, everyone has been doing that for years and most websites suggest it, without charging. Who doesn't know what an oscillator divergence is? That's not a system and while a valid indicator for some trading styles, is certainly not unique to day trading. Mr. Bernstein was reportedly run off tv with his infomercials that made claims the government stated he couldn't back up. Put his name in a search engine to see what others say about him. If you want to get your money's worth, read whatever Larry Williams' latest book is. He'll show you his brokerage records, Mr. Bernstein won't. 'Nuff said.

3 of 3 people found the following review helpful:

5.0 out of 5 stars Strategies for the Electronic Futures Trader, February 7, 2000

By 

Steve Pogwizd (Colorado) - See all my reviews

This review is from: Strategies for the Electronic Futures Trader (Hardcover)

After trading the commodity markets for 9 years it was once again an enlighting experience to both review solid discipline trading rules along with new and more importantly, proven trading strategies from Mr. Bernstein. He finds a way to combine the information in his books to be valuable to both a novice or a veteran trader.

2 of 2 people found the following review helpful:

1.0 out of 5 stars ..., May 27, 2003

By A Customer

This review is from: Strategies for the Electronic Futures Trader (Hardcover)

This is my first exposure to a Jake Bernstein book and I've read many mixed things about him. Well, after reading most of this book .. I'm glad i now have my own opinions.

This book appears to be written for a total beginner futures trader lemming, just waiting to blow out their account. There is absolutely no substance in this book, nothing to be learned and filled with verbose junk about indicators, patterns and psychology -- typical in most books. Jake provides numerous so called "backtests" of various indicator settings with variable moving averages. Every single system has different settings - which is such an obvious sign of curve fitting. The only thing I saw of some value was the 3 period high and low moving averages to serve as channels of support and resistance .. which a trader may be able to modify into something usable, since Jake's version is taught improperly.

I checked this book out from the library and I still feel I got ripped off .. and it was free.