The Futures Game: Who Wins, Who Loses, & Why (Hardcover)

by Richard Teweles (Author), Frank, Jones (Author) "This is a book about trading futures..." (more)
Key Phrases: net short hedging, intracontract spreads, forex futures markets, United States, New York, Chicago Board of Trade (more...)

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 )

Product Description
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 todayOs 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 traderOs 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 E A comprehensive listing of valuable Internet website names and addresses. Stronger emphasis on financial instruments E Innovative strategies for maneuvering through the increasingly important international market E 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 todayOs 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.

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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: 4.2 out of 5 stars See all reviews (8 customer reviews)
• Amazon.com Sales Rank: #273,404 in Books (See Bestsellers in Books)

Customer Reviews

Most Helpful Customer Reviews

30 of 32 people found the following review helpful:

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

By A Customer

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.

17 of 18 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".

14 of 16 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 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.