Profit in the Futures Markets!: Insights and Strategies for Futures and Futures Options Trading [ILLUSTRATED] (Hardcover)

by Jake Bernstein (Author), Jacob Bernstein (Author) "Students are often tempted to gloss over the introductory portion of a book in order to get on with the "true essence" of the subject..." (more)
Key Phrases: seasonal price tendencies, seasonal futures, trendline signals, United States, Weekly Seasonal Trading, Moving Average Plotted (more...)

Editorial Reviews

Review
"A wonderful compendium of facts, history, and trading hints that even the veteran can learn from." -- Rick Bensignor, Chief Technical Strategist, Morgan Stanley

"Saves readers a lot of time, money and anguish by describing common pitfalls to avoid and good practices to adopt." -- Robert R. Prechter, President, Elliott Wave International, Author, Conquer the Crash

"Will help prevent the losses and the negative experiences a trader typically goes through in the first years of learning." -- Adrienne Laris Toghraie, Trader's Success Coach, Author of The Winning Edge books for traders

Product Description
Futures trading, for many years the domain of floor traders and other market professionals, was long considered either too risky or too sophisticated for individual investors. However, due to current technology that capitalizes on formerly inaccessible data and research, this vast trading arena holds great promise for astute investors who seek to hedge their market risk and leverage small investments into substantial profits. Profit in the Futures Markets! provides new and seasoned investors alike with practical tools and techniques for understanding and operating successfully in the world of futures trading. In order to succeed, traders will need to know about specific types of analysis, technology, and patterns that can lead to profits, and this book shows how to use this information to best advantage. In addition, investors will discover how to improve their trading strategies by understanding and building upon their own style and developing a specialized plan for success based on their individual needs and abilities. Investors interested in expanding into the world of futures need look no further than this easy-to-read, insight-filled guide. Bernstein, the author of more than 35 books, is a trusted and instructive voice in this sometimes intimidating and elusive, yet potentially lucrative, marketplace.

An Essential Guide for Enlightening Investors • Debunks the myths that until recently have prevented many individual investors from trading in the futures markets • Covers virtually all important aspects of the subject, from the mechanics of trading to advanced strategies and techniques, including futures options and online trading • Reveals the importance of futures as an essential tool for capitalizing on price swings and market volatility • Instructs on discipline and money management—How to trade like a pro • Illustrated with numerous charts and graphs

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Product Details

• Hardcover: 272 pages
• Publisher: Bloomberg Press; illustrated edition edition (June 15, 2002)
• Language: English
• ISBN-10: 1576601188
• ISBN-13: 978-1576601181
• Product Dimensions: 9.6 x 7.7 x 1 inches
• Shipping Weight: 1.8 pounds (View shipping rates and policies)
• Average Customer Review: 4.3 out of 5 stars See all reviews (3 customer reviews)
• Amazon.com Sales Rank: #736,838 in Books (See Bestsellers in Books)

Customer Reviews

Most Helpful Customer Reviews

17 of 17 people found the following review helpful:

3.0 out of 5 stars Good for a new trader, useless for a veteran..., December 5, 2002

By	James F. Anderson III (Hudson, WI USA) - See all my reviews (REAL NAME)

I purchased this book because, as a vetern trader, I know that occasionally Jake Bernstein has some insightful new ideas about methods for trading futures. However, I found this book somewhat disappointing. While a new trader may find much of the book interesting and useful, a veteran trader will find little of much value. Most of the book is concerned with order placement, basic trader psychology, etc. If you need a general primer for the futures markets, this book may do you some good. If, however, you are a veteran and well-versed in the mechanics of trading, avoid this one.

11 of 11 people found the following review helpful:

5.0 out of 5 stars Highly Recommended!, January 21, 2003

By	Rolf Dobelli "getAbstract.com" (Switzerland) - See all my reviews (TOP 50 REVIEWER)    (REAL NAME)

Author Jake Bernstein puts an exclamation point in his title but fills his pages with abundant cautions, caveats and confessions. This is a voice deepened by an endearing hubris, a Dutch uncle lecturing his aspiring nephews on the dangers of speculation in futures, knowing the dumb ones should be appropriately daunted and the smart ones will hear his wily insinuations that this can actually be a very good thing, if they get it. If you are a successful securities investor thinking about speculating, this will make you keep your eggs in several baskets, even though the author shares hundreds of tips. If you wonder about the significance of puts and calls, hedges and options, this is a useful, precise and unambiguous lesson. Futures trading is not an investment; it is high risk speculation. Each trading strategy requires substantial time and money, and even the best fail half the time. We from getAbstract recommend this book to investors who need a Dutch uncle to quell their urge to risk their kids' college funds - first, listen to good old Uncle Jake.

10 of 11 people found the following review helpful:

5.0 out of 5 stars Profit in the Futures Markets, September 23, 2002

By	B.G. / Eastern Research & Trading (Singapore) - See all my reviews

This comprehensive and well written work is one of the best new
contributions to trading for years. You can actually learn real,
objective and valuable lessons (from this book), which is quite
a rare find. Destined to become one of the basic tools in every
trader and market student's library. Not just another re-write
of someone else's earlier work, like most books on commodities.