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Direct Access Futures: A Complete Guide to Trading Electronically

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Title: Direct Access Futures: A Complete Guide to Trading Electronically
by David I. Silverman
ISBN: 0-471-12199-1
Publisher: John Wiley & Sons
Pub. Date: 07 December, 2001
Format: Hardcover
Volumes: 1
List Price(USD): $69.95
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Average Customer Rating: 5 (2 reviews)

Customer Reviews

Rating: 5
Summary: 21st century futures trading at its best!
Comment: Everyone always touts direct access stock trading and how great it is for the retail investor, but Mr. Silverman is one of the first to address this issue for futures trading.

Although I don't agree with everything Mr.Silverman has to say about floor traders, his experience definitely lends credence to the ideas in his book. I have been trading futures for the past 12 years, both as a broker and an investor. In that time I have written three books on futures trading.

Mr. Silverman has done a great job of putting this book together. I definitely recommend this book to those who have listened to my seminars or purchased my books.

Rating: 5
Summary: direct access futures
Comment: I have bought a lot of books about futures trading and after reading them I usually feel like I have wasted my money. That's why this book was such a delightful surprise. In addition to providing useful and understandable information about electronic trading, the author, Mr. Silverman, can really write. It was really interesting to learn about life on the trading floor and how it compares to trading electronically. His anecdotes about his 20 year career in the futures markets really brought to life the pressures and rewards of being a professional trader. I especially appreciated his insight into e-mini trading. For the first time, I understood the shenaningans that the traders on the floor and on the screen pull to provide themselves with an edge over the retail trader. The great thing about electronic trading, as Silverman argues, is that it allows someone like me who cannot trade on the floor of an exchange to compete on a level playing field. By opening a window into the secretive world of the successful trader, Silverman shows that the differences between the professional and non-professional trader are relatively small when trading electronically. His advice has already helped me improve my p/l. As they say about the movies, if you buy only one book about futures this year it should be this one. I highly recommend it.

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