Profit in the Futures Markets

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.

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