Getting Started in Futures 5th (fifth) Edition by Lofton, Todd published by Wiley

by Todd Lofton

Everything you need to know about the futures marketGetting Started in Futures, Fourth Edition, covers everything investors need to know about the futures market, including how margins are set, how an order is handled in the trading pit, and the steps a producer or user must take to effectively hedge a cash commodity. Featuring new examples, charts, and timely additions to reflect important changes in the markets, the Fourth Edition also includes a new chapter on trading futures online.Todd Lofton (Great Falls, VA) is a past member of the Chicago Board Options Exchange and a popular speaker and writer on the subject of futures.

Genres: Finance

Paperback

First published March 1, 1989

Reviews

[Divyesh Patel · Rating 1 out of 5]

This has got to be the worst book of I've read in quite some time. Definitely in 2022 or even the last decade. The book is so elementary it's shocking that it's even in print format when everything in this book can be searched on google or investopedia.

For example, there is literally a section that suggests for further knowledge you can go to the mcgraw hill publishers website and just search 'futures'. Honestly is that WHOLE SECTION worth the paper that it is printed on?

Not trying to be too harsh here, but I would have appreciated at least SOME strategy in futures. Not things that I can google for free. Or at least provide some stories of some epic futures traders and some of the scenarios they encountered. Or a history lesson on some past futures activity and how to learn from them.

Super disappointing. Would give it a zero star rating if that was possible.

[James Chung · Rating 4 out of 5]

Introducing a little bit of everything within the futures market, highly recommend for beginners

[Michael Toleno · Rating 3 out of 5]

Having read this 21 years ago, I have little memory of it, good or bad—hence the rating.

[Mike · Rating 3 out of 5]

I had this stage where I was doing a lot of reading about trading programs and investment psychology and it was all centered around futures contracts and I didn't know much about them. Hence, reading this book.

I did learn what I wanted to know about how the contracts work and I also got a history lesson in how they started, why they started and how they form an important part of the commodities markets. The book went on to detail other kinds of contracts including currency and livestock. After years of watching Nightly Business Report and noticing that they had switched from reporting on "pork bellies" to "live hogs", this book told me why. (oh, no --- you've got to read it for yourself.)

If you want a good introduction to the non-stock markets, this book is it.