futures

I have never traded Futures but bought this book for educational purposes. I think this is the best book on trading I've ever read. Stresses the psychological pitfalls a new trader will encounter when starting, then moves on to explain his approach to trading which involves simple moving averages and momentum techniques. A hard book to put down as the author reveals the fascinating world of trading the Futures Markets with his own unique approach to Momentum which basically involves trading the rallies and sell-offs of an established trend. The honest tone of this book sets it apart from so much of the trash that is being peddled by other writers (gurus). If you only buy one book on trading, make this the one.

Mr.Goslin does a phenomenal job of exposing what it takes to trade futures. His nononsense approach and his clear descriptions of how to trade are wonderful.

More importantly he doesn't over explain how to go about trading futures. He points out how simple the use of moving averages and momentum plays are enough to trade futures and matter of factly asks why would you need anything else.

This book is far superior than my book "Futures For Small Speculators" which focuses 100% on the psychological. I will definitely take pointers from Mr.Goslin in the second edition and really put out my own trading experiences and styles into it.

Great job Mr.Goslin and good editing.

I cannot believe the other reviews. Have any of you ever traded before? This has to be one of the worst trading books I've ever read. I've read hundreds and have an extensive library, as well as over 15 years trading experience.

He gives many ideas and suggestions of how to enter and exit trades based on SMR Charts, but nothing concrete because there are so many variations you could "try". Basically trade with the trend and "try" to buy a pullback. Any other book on swing trading would be better and more useful. This is just swing trading using SMR Charts and their indicators, though you can use your own similar indicators. This book is very expensive for something you can get out of any swing trading book, which would give you a lot more value and insight for your money. On money management, same thing, vague - not much more value than telling someone "don't trade too heavy" and to "go with your best guess".

You might notice that there is not one single endorsement from anyone on the back of the book. With someone described as a "top notch sought after money manager" and a "big time trader" doesn't it make you wonder why? Don't waste your money.