Recently got into trading futures (PMs, grains, US treasuries, etc) and looking for a good book to help me with positioning, stops, risk, etc
Any recs?
Trending Content
Career Resources
WSO Free Modeling Series - Now Open Through
April 30, 2024
9 Free Financial Modeling Lessons
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
+Bonus: Get 27 financial modeling templates in swipe file
+Bonus: Get 27 financial modeling templates in swipe file
Futures trading for Dummies (no joke). Google turtle traders and there's a PDF of the rules they used somewhere, that's a good starting point too. Beyond that, depending on what you want to trade google around and try to understand the fundamentals, and how to trade the different kinds of spreads (time spread, etc.) when in contango/backwardation
Ummm ..I need a little more detail so I can more understand what direction to point you in. What sort of time frame do you care to work with? Day trade, swing trade, position trade? I'm not trying to be a d!ck or anything but your question just encompasses a pretty broad area.
Feel free to PM me duke.
monkey - thanks for the suggestion. i found the turtle traders pdf and will look into futures for dummies
bravo- mostly swing trades...i tried position trading a bit in futures but the swings are too crazy and i feel its better to express long term views in other ways...day trading is too hard to find an edge i think...looking at holding periods of days-weeks rather than hours or months.
All 4 books feed off of each other in a cohesive way. I recommend reading in that same order.
"Trading Rules that Work" - Jason Jankovsky "Time Compression Trading: In Zero Sum Markets" - Jason Jankovsky "Volume and Open Interest: Trading Strategies in the Futures Market" - Kenneth Shaleen "Commitment of Traders Bible" - Steven Briese
OR....
If your looking for something as in "right now" because you want to make a trade next week haha "Commodity Traders Almanac 2011" - Jeffery Hirsh & John Person "Master Swing Trader" - Alan Farley
I suggest you take my first route even though it is a long one. Futures and margin calls are nothing to play with. There is a reason CNBC doesn't give this market it's own show like "Option Action". Your account can be wiped out in a matter of seconds and you can owe more than you intial investment.
Thanks Bravo - ill check those out
I see you also have discovered the wonders of trading futures. Right on broski!
Anytime Bateman
"Trading Spreads and Seasonals" is a best book for professionals, it has been written by Joe Ross. It deals with reality trading and presents you with dozens of easy to follow charts and graphs, and examples of real-life trades that will refine your trading skills and enhance your performance. It also includes a review of the basic tenets of seasonal trading, seasonal spreads, and outright seasonal futures trades. It teaches you how to conduct your trading as a professional manager of your trading business. Proper management is vital to successful trading. This book points out the fallacies that many traders hold so dear. If you really want to improve your trading business, it's a handy trading book. Blue horseshoe loves Oil Trading Academy, don't miss this once in a lifetime opportunity, a gift horse in the mouth compliments of the 33rd Degree Masons
Burghardt's Eurodollar Futures and Options Handbook (Originally Posted: 02/06/2011)
Does anyone have this PDF? I have no silver bananas but kindness is appreciated.
I'm in the same boat
Lol, I don't think the PDF exists for the new edition...
best book on futures (Originally Posted: 02/23/2010)
whats the best book to learn how to trade futures?
thanks
"Trading Commodity and Financial futures: a step by step guide to mastering the markets" provides a good intro.
thanks
any insight on Fundamentals of the Futures Market?
Personally haven't read it. But the reviews for it on amazon seem pretty solid. http://www.amazon.com/Fundamentals-Futures-Market-Donna-Kline/dp/007136…
Fundamentals: Look at Jack Schwager's books
thanks
Mind over Markets is a great read by Dalton
2nd Jack Schwager's complete guide to the futures market.
This one is an old book but a good one:
Tape Reading & Market Tactics by Humphrey Neill
if your talking rates, any discussion without burghardt is incomplete.
yes if u want to trade interest rate futures markets you should read: "The Treasury Bond Basis" and "Eurodollar Futures and Options" both by Burghardt. Take the time to get through those two and you will know more about note/bond futures and Eurodollar futures then most guys who trade them for a living.
thanks guys great help i really appreciate
Deleniti asperiores dicta ratione repellendus vel. Incidunt est dolore praesentium. Velit veniam id accusantium consectetur. Soluta quasi quis omnis inventore odio.
Minus nostrum non et dolores explicabo aut. Quibusdam sint cumque quibusdam et deleniti reiciendis. Ut molestias unde dolores beatae suscipit in.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...
Et ex in iusto neque tempore ut cupiditate. Est distinctio voluptatibus dolorum ipsam illo eius. Optio sed ut et.
Ipsum dolor atque itaque. Et dicta temporibus harum blanditiis voluptate possimus doloremque. Corporis fugit rerum sed ad vel id. Et et explicabo qui voluptatibus quas quo omnis.
Consequatur quae nesciunt sit voluptas laudantium pariatur sint. Quo vero natus animi voluptatem quod distinctio esse. Magni neque quia enim qui sint. Id officiis dicta possimus error. Vitae temporibus et vel modi ad natus maiores.