The art of electronic futures trading: building a winning system by avoiding psychological pitfalls

Strategies to help electronic futures traders let intellect and instinct – not emotion and adrenaline – rule their trading Hot on the hells of electronic stock trading,electronic futures trading promises to be the next big wave. The Art of Electronic Futures Trading is the first comprehensive examination of the unique psychological aspects needed to successfully trade electronic futures – complete with real world feedback and pointers from actual traders!

A multi-step personality test illustrates the four categories of trading style,pointing traders to the right style for their personalities. It then helps them build high-profit,personalized systems using elements that include:

*A 5-step plan for successful electronic futures trading

*Technical indicators to spot trending and sideways markets

*How using pattern recognition can lead to more profitable,disciplined trading Innovative Tools for Success in Electronic Futures Trading Fully integrated electronic trading platforms now allow futures traders to enter orders,obtain quotes,manage multiple portfolios,and access thousands of dollars worth of research—and are forcing exchanges around the world to open their doors to computer traders. But it takes more than a computer to succeed in this fast-paced world.

The Art of Electronic Futures Trading focuses on both the techniques and the mindset required for e-trading success. Futures traders just now embracing electronic trading—as well as those who are looking for hard,proven rules for mastery in this fast-moving marketplace—can turn to this timely book for:

* A market-proven,5-step plan for electronic trading mastery

* ThePersonality Profile System for discovering your optimal trading style

* Interviews with futures trading veterans including Jack Sandner and Leo Melamed To be successful on the screen,futures traders must first learn the new rules—then replace hard-to-overcome emotion and adrenaline with research-driven knowledge and technique. The Art of Electronic Futures Trading is the first comprehensive overview of the technical skills and psychological disciplines necessary for profitable electronic futures trading—and an essential book for anyone looking to become an effective screen trader.

Open outcry futures trading,long the trading world’s purest bastion of free enterprise and unlimited profit potential,is on its way out. Electronic trading has changed the game and,while fully integrated electronic trading is now a reality,the total transformation of the market has just begun. Over the next few years,technological innovations and advances will continue to change the rules of futures trading. Traders must begin to master the technologies,rules,and disciplines of electronic trading today—or risk being overrun tomorrow by the new,aggressive breed of e-trader.

The Art of Electronic Futures Trading introduces you to a systematic method for electronically trading the futures markets,along with an in-depth evaluation of the psychological tools necessary to survive and thrive in this transformed marketplace. Starting with a concise,fascinating history of pit-based futures trading—and a review of the technological innovations that now make electronic trading the method of the future—this A-to-Z guidebook discusses how to adapt the psychology and discipline of successful futures trading to a rapid-fire,point-and-click trading environment.

In addition,authors William Kaiser and James Green—recognized pioneers in the development of electronic futures trading—reveal a systematic way to adapt proven strategies and techniques of futures trading for use on the screen. This virtual encyclopedia of profitable screen-based futures trading discusses topics including: Oscillators * Momentum indicators * Stochastics * Relative strength index * Time filters * Percentage bands * High Low bands * Breakout,Total Range,and Percentage filters * Crossover methods * Rubber band theory * Volume and open interest * Support and resistance levels * Money management techniques * Contract liquidity The Art of Electronic Futures Trading gives you the first key to successful electronic futures trading—replacing unpredictable emotion with rational thought. It goes on to provide the second key,explaining how you can design personalized trading systems that mathematically define,quantify,and categorize past investor behavior to arrive at a systematic probability for future behavior.

And the third key? It’s unfolding,even as you read these words,on computer screens around the world. Prepare yourself psychologically and technologically for the next wave of futures trading,with the combination of hard-eyed analysis and market-tested experience found only in The Art of Electronic Futures Trading.