Commodity-markets

The book is really basic in nature and tries to cover what the title conveys. I am disappointed that the math involved in most futures and options is not even touched upon (it could have been even without calculus). There are plenty of other books out there that do a much better job in introducing futures with math.

I've read many futures trading books and I think this is "the" best book for beginners. The language is easy to understand and the author explained things step by step in a very organized matter. If you ever consider learning about futures, this is the book you have to read. I still use it as reference and it's one of my favorite books.

Thank you Todd Lofton. I cannot tell you how relieved I was when I read your book. Having to learn an awful lot about futures trading for a new job fairly quickly, this book was a godsend. I first learned about it from a "strong buy" recommendation at tradingmarkets.com. Between the two, I have made my boss a very happy camper.

I waste my time to read this book which I borrowed from library. Anyone who trade more than six months will find nothing valuable in the book. I am surprised that John Wiley & Sons, which has a lot good books on trading and finace, would publish this book.

The author is obviously in way over his head. This pathetic mockery of game theory is filled with errors. I'll only present the two most egregious ones:1.Incredibly, the author doesn't seem to realize that the probability of a major adversity (as defined in the book) is greater than or equal to the probabilty of a minor adversity. This restricts the applicable section of his model.2.The slope for determining profitable trades (according to the author's model) is given by (w+x)/(y-x). By choosing x arbitrarily close to y the slope can be infinite.Conditions 1 and 2 imply that a profitable trade on any and all stocks can be made under any market conditions with no risk whatsoever.This inept, incompetent book is so bad that it casts doubt upon the entire line of technical books from Wiley and Sons and their editorial process.

This book contains a research work done by a practitioner. It maily used the theory of probability and the assumption of normal or lognormal distribution of the market prices, though with some game theory interpretations. I have to say that it is an honest and interesting work. Also it is inspiring for further study in that direction. There are also some disappointments: i) the mathematics and the overall material are presented poorly; ii) some of the results need more clarification and explanations, and are not complete at the level as published.
As ironic as it sounds, I was drawn into reading the book after I read the previous negative reviews on this board. I would say that those comments are either irrelevant, or ignorant. Any one interested in developping a feasible trading system could learn something from this book.