+ RECOMMENDED READING
Teach Me Futures recommends a variety of books for reading about the trading industry. Sharpen your trading skills by learning from authors and experienced traders in the industry.
Fundamentals of the Futures Market
by Donna Kline
From the basics of open outcry trading From the basics of open outcry trading to advanced technical indicators, Fundamentals of the Futures Market gives beginning futures traders everything they need to get started. This hands-on workbook walks readers through the entire process to read and understand major reports, track prices, follow the major indicators, and more. In today’s fast-paced futures trading arena, it provides the tools readers need to trade in any commodity market—grains, metals, or financials—and minimize risk as they sharpen their trading skills.
Trading Commodities and Financial Future: A Step by Step Guide to Mastering the Markets
by George Kleinman
In this book, one of the world's most experienced traders introduces a new step-by-step methodology built on more than twenty-five years of success. George Kleinman begins with the basics—including a complete primer on how futures and options trading works, how traders' psychology impacts the markets, and how to avoid the pitfalls that trip up so many traders.
Futures 101: An Introduction to Commodity Trading
by Richard E. Waldron
In this book, one of the world's most experienced traders introduces a new step-by-step methodology built on more than twenty-five years of success. George Kleinman begins with the basics—including a complete primer on how futures and options trading works, how traders' psychology impacts the markets, and how to avoid the pitfalls that trip up so many traders.
Starting Out in Futures Trading
by Mark Powers
One of the best-known futures traders explains how to trade for profit in today's global futures marketplace. Look into the bookcase of any successful futures trader, and odds are you’ll find a worn, well-used copy of Mark Powers’s Starting Out In Futures Trading. In this new edition—the best-selling book’s first update since 1993—Powers reflects on the many new forces that are shaping the industry. From new rules and regulations to the emergence of electronic trading and the Internet, Powers’s unquestioned knowledge and experience cover all the key basics in the world of futures trading—and show traders from novice to veteran how to profit in that world.
The perfect starting point for a new trader, and a valuable refresher for anyone, Starting Out In Futures Trading, Sixth Edition, covers:
•How to choose a broker and place an order
•The increased importance of stock indices
•New research, rules, and regulations
The Complete Guide to Commodity Trading & Futures: How to Earn High Rates of Returns Safely
by Mary B. Holihan
Many people have become very rich in the commodity markets. It is one of a few investment areas where an individual with limited capital can make extraordinary profits in a relatively short period of time. Commodities are agreements to buy and sell virtually anything that is harvested except onions. (A 1958 federal law prohibits trading onions.) Examples are crude oil, cotton, rubber, grains, and metals and other minerals. Since it is impractical to transport these bulky, often perishable materials, what is actually traded are commodities futures contracts, or options, that are agreements to buy or sell at an agreed upon price on a specific date. Trading in futures and options is speculative in nature and there is a substantial risk of loss. These investments are not suitable for everyone, and only risk capital should be used. As with many other business segments, the Internet and technology have opened up this attractive marketplace to a new breed of individual investors and speculators working part-time. If you are interested in learning essentially everything there is to know about commodity and futures investing in addition to hundreds of tactics, tricks, and tips on how to earn enormous profits in commodity trading while controlling your investments, then this book is for you.
The Complete Guide to Day Trading: A Practical Manual From a Professional Day Trading Coach
by Markus Heitkoetter
Every day, millions of dollars change hands in the markets, presenting the perfect opportunity for people just like you to make significant money and profits through the art of day trading. But here’s the question: is day trading right for you? And, if it is, how do you get started? In this new three-part guide, professional day trading coach Markus Heitkoetter lays out a simple, proven system for trading success. From the basic essentials of trading to the actual process of making money in the markets, he’ll cover it all.
Trading and Hedging with Agricultural Futures and Options
by James B. Bittman
Today's Premier Guidebook for Understanding Agricultural Options and Making Them a Key Part of Your Trading and Risk Management Strategy Agricultural futures and options represent a vital niche in today's options trading world. Trading and Hedging with Agricultural Futures and Options takes an in-depth look at these valuable trading tools, and presents clear, proven strategies and techniques for both hedgers and traders to achieve their goals while minimizing risk. Relying on nuts-and-bolts techniques and examples as opposed to the mathematical models and theory favored by other options-trading manuals this practical, hands-on book discusses many topics, including: How hedgers and traders can use options effectively with realistic expectations Methods to understand price behavior including the Greeks (delta, gamma, vega, and theta) The importance of volatility and little-known ways to make it work to your advantage For producers and processors, agricultural futures and options are necessary components for controlling costs and hedging risks. For traders, they are proven vehicles for earning exceptional risk-adjusted profits. Whichever side of the aisle you are on, Trading and Hedging with Agricultural Futures and Options will provide you with the answers you need to effectively use these versatile tools and make them an integral part of your business.
by John F. Carter
Mastering the Trade presents you with a step-by-step, innovative approach for becoming a successful professional trader. Full-time trader and fund manager John F. Carter combines an insightful market overview with specific trading strategies and concepts, providing you with chart setups, trading methodologies, vital money management principles, essential psychological guidelines, advice on powerful hardware and software, and more.
This results-driven book sets aside timeworn basics and rehashed ideas to present and examine in detail the underlying reasons that cause prices to move. Its proven program can be used to consistently get in early on market moves, either jumping right back out when you realize you've made a mistake or hanging on for a long and profitable ride.
After spending years on various trading desks, John Carter developed an intuitive understanding of how the markets work. In Mastering the Trade, Carter gives you unlimited access to everything you need to know--which trading systems work best in specific markets, techniques for controlling losses, internal strategies for overcoming the danger of emotions--to make an exceptional living on the frontlines of professional trading.
McMillan on Options, Second Edition
by Lawrence G. McMillan
Legendary trader Larry McMillan does it–again–offering his personal options strategies for consistently enhancing trading profits. Larry McMillan’s name is virtually synonymous with options. This "Trader’s Hall of Fame" recipient first shared his personal options strategies and techniques in the original McMillan on Options. Now, in a revised and Second Edition, this indispensable guide to the world of options addresses a myriad of new techniques and methods needed for profiting consistently in today’s fast-paced investment arena. This thoroughly new Second Edition features updates in almost every chapter as well as enhanced coverage of many new and increasingly popular products. It also offers McMillan’s personal philosophy on options, and reveals many of his previously unpublished personal insights.
The FX Bootcamp Guide to Strategic and Tactical Forex Trading
by Wayne McDonell
Written by Wayne McDonell, the Chief Currency Coach at FX Bootcamp, this book shows readers how to successfully trade the Forex market on their own. FX Bootcamp's Guide to Strategic and Tactical Forex Trading skillfully explains how to combine popular technical indicators to formulate a comprehensive market strategy. Readers will then learn how to focus on using this information to create a tactical trading plan--one that will help them pull the trigger to get in and out of a trade. Along the way, McDonell takes the time to discuss the various challenges a Forex trader faces, such as greed, fear, loss, and isolation. As a Forex trader and educator of traders, Wayne McDonell knows what it takes to make it in the competitive world of Forex. And with FX Bootcamp's Guide to Strategic and Tactical Forex Trading he shows readers how.
Energy Risk: Valuing and Managing Energy Derivatives
by Dragana Pilipovic
The Latest Methods and Strategies for Successfully Trading and Managing Risk in Today's Volatile Energy Markets.
The updated Second Edition of Energy Risk presents an authoritative overview of the contemporary energy trading arena, combining the lesson's from the last decade with proven methods and strategies required for valuing energy derivatives and managing risk in these ever volatile markets. Written by renowned energy risk expert Dragana Pilipovic this revised classic examines market behavior, covering both quantitative analysis and trader-oriented insights. The book shows how to establish a modeling process that involves the key players_managers, traders, quantitative analysts, and engineers and provides practical answers to energy trading and risk management questions.
The Second Edition of Energy Risk features:
•Detailed coverage of the primary factors that influence energy risk
•Techniques for building marked-to-market forward price curves, creating volatility matrices, and valuing complex options
•Specific guidelines and tools for achieving risk goals
•New to this edition: three new chapters on the emerging energy market and marked-to-market issues; new material on energy-specific models, seasonal effects, and the derivation of the mean-reverting price model; and more
Energy Markets: Price Risk Management and Trading
by Tom James
Energy companies are increasingly exposed to price fluctuations in the volatile energy markets since the turn of the new century. Energy prices are affect by numerous factors such as geographical and political environments, developments in legal systems, OPEC decisions, speculative investment in the market as well as demand and supply.
Energy Markets: Price Risk Management and Trading is the practitioner's guide to trading the markets and optimizing company performance using the correct price risk strategies and tools. This book will also help you put in place the strategy, management controls and reporting structures necessary to ensure that trading or hedging programs achieves its goals and does not add unexpected or unwanted risks to your firm.
As a direct trader in these markets or as an investor in hedge funds in the energy sector, this comprehensive book will give you an insight to the financial energy markets and their operation.
Inspired by the success of the courses run by Professor Tom James in global energy and commodities trading and price risk management, this book includes a wealth of practical knowledge applied to the market place. It is required reading for anyone involved in managing risk in the volatile yet opportunistic energy markets.
Copyright © 2008, Teachmefutures.com. All rights reserved.
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DISCLAIMER
This information is not to be construed as an offer to sell or a solicitation or an offer to buy commodities herein named. The factual information of this report has been obtained from sources believed to be reliable, but it is not necessarily all inclusive and is not guaranteed as to the accuracy and is not to be construed as representation by Advantage. The risk of trading futures and options can be substantial. Each investor must consider whether this is a suitable investment. Past performance is not indicative of future results.
Before trading one should be aware that with potential profits there is also potential for losses that may be very large. Futures investing involves risk and is not suitable for everyone. Those acting on this information are responsible for their own actions.
Reminiscences of a Stock Operator
by Edwin Lefèvre (Author), Roger Lowenstein (Foreword)
"The most entertaining book written on investing is Reminiscences of a Stock Operator, by Edwin Lefè vre, first published in 1923."
— The Seattle Times
"After twenty years and many re-reads, Reminiscences is still one of my all-time favorites."
— Kenneth L. Fisher, Forbes
"A must-read classic for all investors, whether brand-new or experienced."
— William O'Neil, founder and Chairman, Investor's Business Daily
"Whilst stock market tomes have come and gone, this remains popular and in print eighty years on."
— GQ magazine
First published in 1923, Reminiscences of a Stock Operator is the most widely read, highly recommended investment book ever. Generations of readers have found that it has more to teach them about markets and people than years of experience. This is a timeless tale that will enrich your life— and your portfolio.
The New Market Wizards: Conversations with America’s Top Traders
by Jack D. Schwager
Some traders distinguish themselves from the herd. How do these spectacular winners whose success occurs across a spectrum of financial markets do it? What separates them from the others? What can they teach the average trader or investor? In The New Market Wizards, these wildly successful traders--some largely unknown--relate the financial strategies that have rocketed them to success. Asking the questions that readers with an interest or involvement in the financial markets would love to pose to the financial superstars, Jack D. Schwager gets these financial wizards to share their insights. Entertaining, informative, and invaluable, The New Market Wizards is destined to become another Schwager classic.
Market Wizards: Interviews with Top Traders
by Jack D. Schwager
How do some of the world’s most successful traders amass millions of dollars in a year, or sometimes in just hours? Are they masters of a priceless wizardry or simply the very lucky winners in a random market lottery that allows only a few players to become fantastically wealthy? What are the secrets of their unheard-of success? Market expert Jack D. Schwager interviews top traders in a variety of markets and determines that an interesting mix of method and mental posture is largely responsible, and presents Market Wizards in a way that allows the reader a glimpse into the minds of these most remarkable traders. Understand what it takes to succeed and hear it in the words of the Market Wizards themselves.