Futures-market

This book does not help me much with my foreign exchange course as a financial engineering student.

Many examples in the book have obvious numeric errors. Also it does not talk about any logic behind the calculation. The little calculation it has is neither rigorous nor complete. Reading this book only caused me more questions and confusions. I had to read other books as a correction or supplement.

It's definitely not for people looking for mathematical reasoning. It does not even talk about Garman-Kohlhagen formula, or Spot-Forward parity etc. It only has some explanations of some jargons, even those explanations are not very well presented.

Another thing I don't like is that at several places two consecutive paragraphs are identical except for a few keywords -- an obvious result of copy & paste.

Had I known the content of the book, I would not have bought it! I bought the e-book & didn't know the content until after I bought it. And e-books cannot be returned. Otherwise I would have done it!

Although this book is primarily written for people that are clueless about foreign exchange (FX), it will actually teach the clued-up a thing or two also. The broad range of topics covered is what you'd expect to find in a book that is considerably thicker and more expensive - there's a detailed insight into the marketplace and its participants, the products (spot, forwards, swaps, options), fundamental vs. technical analysis, and more. The author writes in a concise, but extremely readable style and makes extensive use of pictures and diagrams. Furthermore, the book is bang up to date with recent developments in FX, such as the Euro and electronic dealing (that is, at the time I wrote this review). Finally, as an added bonus, this book is not overly biased towards the US or the US dollar, which I feel is especially appropriate for an FX book. Highly recommended!

This is standard political economy, which the author acts like he himself discovered. As such, it heaps banality upon banality in the stuffiest and most pretentious pseudo-English intellectual style. I believe that this is the product of a truly mediocre mind, isolated from the academic mainstream to such an extent that he is unaware that he has NOTHING new to say. His main point is that institutions and politics influence the business environment. DUH. It would be funny if it weren't pathetic. In addition, his writing style is neither elegant nor fluid, but flat and dull. I would not have read this it if I didn't have to for a class.

If you want books on political economy and globalism, look elsewhere.

I found this book deeply insightful when I first read it, and I have since returned to its wisdom in the light of the current threat to world economic development posed by the terrorist attacks.

Story is an astute observer of our world, and perspective like this is a valuable commidity in times like these.

If you're wondering what the future holds for world markets, then look no further. Story says that "Politics drives the world economy, because history is made by humans" and observes that economic prosperity and political tranquillity do not always go hand in hand.

There's a great section in Frontiers of Fortune that introduces Story's concept of world and local time; something that helps explain the friction between the instantaneous, future-oriented global time and the inherited cultural and historic sphere of local in which most people live, with its own civilizations, mental landscapes and holy places.

So is our global village heading to a war of civilisations or to a boundariless world market? No definitive answers here, but all the insights to make us wiser decision-makers in the future.

This book is just plain horrible. I am a trader and a cyclical investor. I am also an engineer with Engineering Mechanics background, and very familiar with the complex math explained by Ehlers. But let me tell you, for people without any background in math this book is an absolute waste of time.

The most important thing that Ehlers should have focused, he simply forgot or ignored. The book fails to show real life examples with buy-sell signals using the indicator. It goes on and on along the theoretical lines of cycle analysis and it stays at that throughout the book.

It would have been much more entertaining to explain the indicator and show real life examples. But from my experience as a researcher and writer of research articles, people from this field tend to embelish and emphasize the theoretical size while completely ignoring the pure and simple aspects.

A simple cycle analysis done with moving average detrending as explained by Pring is much easier. Also, a simple look at the charts and the drawing of a simple cycle lines is all that it takes to show you the turning points.

The broad trading public has been slow to recognize John Ehlers work to apply cycles methodologies (from the sciences) to trading markets .... which is good for those of use who have discovered Ehlers' work with MESA (Maximum Entropy Spectral Analysis).

The first edition of this book is still the clearest and most concise discussion of applying cycles theory to markets I've ever read. This new edition retains all of the content of the first edition, but updates it with a lot of new and additional information from Ehlers' recent research into cycles and his development of trading indicators and tools.

Many are familiar with the J.M. Hurst classic: "The Profit Magic of Stock Transaction Timing". Ehlers goes far beyond Hurst's pioneering work. Ehlers is an original thinker, applying new techniques and research using MESA to the market. Hurst was using a multi-million dollar mainframe in the 60's .... all of us have 10,000X more computer power sitting on our desktops than Hurst had .... Ehlers techniques can help the serious trader and investor turn all that "horsepower" loose on the market today, making it accessible to even us small traders.

Hurst was also constrained to using Fourier Analysis for cycles detection .... Ehlers' MESA overcomes the need of Fourier for long data spans to compute cyclic content.

If you're serious about the markets, this book needs to be part of your library .... along with Ehlers other book: "Rocket Science For Traders"

This book presents various option strategies which you may find a repeat of whats found in most option books. Whilst the strategies are useful andl helpful, there are many (or all) of them that can be gotten for free in the leaflets and booklets provided by various brokerage firms and the commodities exchanges. I am sure that the time the book was originally written, it must have been a far more valuable text than it is today, especially that the internet was not around in those days. However, all in all it is a nice book. I also own other books by Mr. Angell and I can say that he is really a good author who gives his readers value for their money. It is just that time may have eroded somel of the original value of this book because of similar freebies given away elsewhere.

This book gives a very good review for beginners investing in the US bond market only. If you are a professional it is more a dictionnary, it doesn't analyse properly instruments. I would like to finally see an author able to understand that a bond is a bond, and a book like that should focus on this and not to give us a extensive listing of all US bonds in the market ....Second USA are not anymore the only financial market in the world : so "International" chapter should be at least as important as the rest of the exercise...

It's a great and easy book to help you to learn the basic of futures markets. But it is too old, it was published 12 years ago. The new development of futures market couldn't be included.

I feel this book is a valuable aid for the futures speculator but only when it comes to certain things. The first thing that comes to mind is the last section of the book "World Directory of Commodity markets". In this section a huge # of Commodity exchanges are listed with vital facts such as: commodities traded, contract size, hours of the day the commodity is traded, and how to reach the exchange. Exchanges range from places like Bolsa Brasiliera de Futuros in Rio De Janeiro, Brazil to the Chicago Board of Trade. This section is valuable and comprehensive. The first two sections of the book gave some info on individual commodities such as Sugar and Silver but I did not find this information to be anything exceptional or extremely usefull. I wish the last third of this book was sold by itself for a third of the price.

Good summary of the new BIS rules, but the review of understanding marking-to-model is sketchy, inconsistent, and rife with too many pseudo-graphs and footnotes to his own books and articles.

YOU stay as same way,give you idea from various techniques,but detail of the techniques,need buy another books

This book really is mistitled. Chaos theory for markets is not presented, so look elsewhere for that. The book does present a good theory for the psychology of trading such as "traders differ on value but agree on price" as motivation and explains the development of traders from novice, intermediate, and advanced (skip master and expert level)and the goals for each level. Unfortunately, the methodology for trading with a Chaos background is not touched upon.

Good filler read for background on trading and personal development. Poor on methodology for trading with Chaos. Perhaps Mr. Williams had an epiphany and contends all trades are done in Chaos, so traders should relax. To borrow a line from another author, "some trades will, some trades won't, so what, next trade please."

After buying this book, I realize that I had to read over and over again. Dr. Williams are sound, just hard to grasp. Although his method for detecting waves in sequence is an objective way to measure them.

In order to understand his second(The New Trading Dimensions) book more clearly though, I believe you should read this one to grasp his overall objective. It also set a firm way to measure elliot waves in a totally objective manner.

As other reviewers stated, it is not real strong on chaos theory, which the title is misleading. If your purchasing this book for scientific reasons, then don't buy it. But if your objective is learning how to make money, then do yourself a favor and get it.

Although his method here(which is different than the 2nd book)is based more on the general overview of the markets, it is a good
starting point to learn his methodology, even though you may have to read 2 or 3 times(like I did).

The five stars is only for the cover. However, the content of the book is pathetic. I have read many trading books and several chaos books and I can honestly say this book is neither. I fell for the enlightened self-similar structure cover and wasted my money. Don't repeat my mistake.

If you are interested in chaos and trading, start with Edgar Peters books such as Chaos and the Capital Markets.

The publisher, Wiley, should be ashamed to put out this sort of drivel. Bill Williams is a joke. If you think your trading style is based on your body type, then maybe this book will help you feel better about losing; otherwise skip it and Bill Williams, PhD.'s other lobotomized treatises on trading.