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.
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.