YOUR FORTUNE IN FUTURES: A Guide to Commodity Futures Trading by James C. Lawrence

YOUR FORTUNE IN FUTURES: A Guide to Commodity Futures Trading

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KIRKUS REVIEW

Another manual on buying and selling futures in commodities--wheat, soybeans, sugar and other ordinary items that may be bought in bulk for future delivery on a certain date at a fixed price. Since only a small percentage of the contract's price must be invested, a great deal of money can be made (or lost) on small price movements. Lawrence explains how the futures markets work and describes how investors use technical information (charts) and fundamentals (facts). His system for making profits mainly involves study of the various moving averages; the best technical indicators, he says, must be found by each investor. Voluminous lists of essential reading material are provided, suggesting that one must read some 80 journals to keep up. A repository of vague ideas and specific sources of information, and altogether less helpful than Eugene Epstein's Making Money in Commodities (p. 872).

Pub Date: Oct. 6th, 1976
Publisher: St. Martin's