Strategies for the Electronic Futures Trader
Author: Jake Bernstein, Jacob Bernstein
List Price: $39.95
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ISBN: 0071352325
Publisher: McGraw-Hill Trade (30 December, 1999)
Sales Rank: 183,402
Average Customer Rating: 4 out of 5
Customer Reviews
Rating: 5 out of 5
Strategies For The Electronic Futures Trader
Jake Bernstein's, Strategies For The Electronic Futures Trader, is an outstanding description of 9 proven trading systems. Each system is explained in depth and in easy to understand terms. Most importantly, Jake provides the results of these proven systems. The timeliest chapter in the entire book is the chapter on how to capitalize on market volatility. Could it be any timelier? If your considering trading futures or you trade now, this book belongs in your library and the strategies should be programmed on your computer.
Rating: 1 out of 5
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This is my first exposure to a Jake Bernstein book and I've read many mixed things about him. Well, after reading most of this book .. I'm glad i now have my own opinions.This book appears to be written for a total beginner futures trader lemming, just waiting to blow out their account. There is absolutely no substance in this book, nothing to be learned and filled with verbose junk about indicators, patterns and psychology -- typical in most books. Jake provides numerous so called "backtests" of various indicator settings with variable moving averages. Every single system has different settings - which is such an obvious sign of curve fitting. The only thing I saw of some value was the 3 period high and low moving averages to serve as channels of support and resistance .. which a trader may be able to modify into something usable, since Jake's version is taught improperly.
I checked this book out from the library and I still feel I got ripped off .. and it was free.
Rating: 5 out of 5
Bernstein, I tell you, is a genius.
I refute any negative claims about the content of this book. The strategies outlined in the book are viable and very profitable approaches. I know, I have adapted a couple of them to my own use. I am in the minority as a profitable futures day trader because as every trader knows, most traders lose. I also lost money in my first year trading futures. There is a steep learning curve in trading. Here is my message to any newcomers to futures trading. NEVER GIVE UP! This book is a wonderful place to begin your own futures research. For day trading, I have found the very unique support and resistance methods found in the book effective in the S+P 500, Nasdaq 100, and Euro. Get some charts. Apply the methods, oscillators and indicators for yourself. You will see how effective they are. Then begin your own research using Jake's ideas as a springboard. Yes, you can make a living trading futures. There is a whole lot of very expensive bull out there about futures trading. If you do not want to take my word for it, consider this. Larry Williams recommends reading all of Jake Bernstein's work. So do I. Similar Products
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