The Futures Game: Who Wins, Who Loses, & Why

This book is a good place to start for the aspiring futures trader. It tries to answer the questions on why you should trade futures, what the nature of the futures market consists of, the mechanics of futures trading, and the main reasons for price behavior. The book covers both the fundamental valuations due to supply and demand and the aspects of technical trading the futures charts. The books reviews spreads, option contracts for futures and the money management necessary for traders to stay in the futures trading game. The book shows the studies that try to determine who wins in the futures trading game and why. The book does a great job of going through each futures market and explains what exactly is being traded, the basics about that futures contracts market and the size of the contracts and the means for which they are deliverable by. Very interesting and informative book.

I bought the second edition, in paperback in 2000. It was good enough that I used it, as well as a specific book regarding regulations, to pass the Series 3 (Futures) licensing exam. Of the six dozen books about futures that I bought several years later, none came close to the quality and presentation of the information found in the second edition. Unfortunately the book disappeared, and when I wanted to clarify some information that I couldn't quite remember, I bought this, the third edition. But I'm finding it disjointed, sometimes clumsy, and no longer a 'bible' for futures. Charts and tables have been updated (now they are just a decade old), and I think financials have new material, but I don't have the feeling that the author/editor has the grasp and knowledge of the previous authors. It's like the author/editor calls this the third edition for sales reasons, but it should be considered (just) another book about futures. I'm disappointed, and will probably sell this and buy the second edition again.

This is the definitive book on learning about the futures markets. One guy said that the futures market is the fastest game in town. And indeed it is a fast paced game. The authors go into the BASICS OF THE GAME, PLAYING THE GAME AND TRADING, LOSERS AND WINNERS, BROKERS and CHOOSING THE GAME AND IT'S MARKETS. The authors go quite in-depth in regards to explaining all of the different markets and the things which effect them. I would encourage any aspiring want-a-be futures trader get this book.

From the table of contents, you'd think this is the best book about futures you could get. "Traders Notes"? Too bad, no real insights from real traders. Can you read this book and understand the importance of calculating different hedges; why a speculator should care what hedges are common for different contracts (so one can interpret the news); how to interpret contango for different contracts? This is a large book (well over 600 pages) that looks like it was written simply by collecting introductory articles from a number of sources.

nice condition.

Awesome book. The part on risk management is worth the price of admission alone

Ok

All traders need this on their shelf. Good to have for reference.

Great content and a valuable resource for anyone thinking of investing/trading the futures markets. Can save you from beginners pitfalls and give you a good understanding of the market. Unfortunately the binding on the hard cover book is that of a cheap paperback so I expect some pages to be loose before long. A pity since this is a valuable reference book. None of the traditional binding of pages being sown and bound the pages are merely glued. Upon first opening of the book snap! the glue broke on the spine

While this book is not as comprehensive as Jack Schwager's Complete Guide to Futures it is also half the length.I took a lot away from this book and still refer back to it when examining a market I am unfamiliar with. It clearly explains all aspects of Futures trading from Fundamental and Technical Analysis to hedging and explanations on factors affecting all major commodities. Some of the information is a bit outdated (ex. Canadian Futures Markets) but this bones of this book are so good anyone interested in trading Futures would do well to read it.

Worth the price, greatly recommended as a complete 101 course in the Futures Markets

Ya

Too hard