Trading Futures For Dummies Review

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Trading Futures For Dummies ReviewUnfortunately, this is the worst financial and "For Dummies" book I've ever read, and I've read many. I trade options, but thought I'd try to learn a little bit about futures, and figured this would be a good starting point. Boy was I wrong.
For starters, a critical aspect of a futures contract is its expiration date - the author spends zero time discussing how, for a given asset (e.g., wheat), which contract expiration date should be chosen. The only useful information is the classification and definition of different types of futures (stocks, commodities, etc.). Even the simple intuitive concept of the convergence of a future's price to the spot price, as the expiration approaches, is not mentioned. The lack of such fundamental details is horrifying.
The author also discusses economic reports and technical analysis which, while not being the reason I bought the book, could be useful in trading futures. However, even here the author does a poor job. Indicators are discussed before they are defined, and even when their definitions are included, they are brief and unclear. Many indicators that the author discusses are never even defined. I had to go to wikipedia to learn what the author was talking about.
Finally, as I started writing this review, I noticed that the author had written his own 5-star review of his own book (one of only three 5-star reviews). Inexcusable, I think, and horribly unprofessional.
Avoid this book (and author).Trading Futures For Dummies Overview

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