Book Reviews

摘要

Colin Alexander assumes the reader is new to futures trading, so he covers the basics at the onset. This is where I got my first inkling that this book was more than just another "milk-for-prof-it" rehash. Even the introductory chapters taught me things I hadn't considered. In Alexander's words, all transactions, even outright speculative ones, are "an exercise in buying one thing and selling an equal and opposite thing else." Every long futures position, for example, acts as a short in the U.S. dollar because strong foreign currencies make raw materials and financials (i.e., futures) more attractive to overseas investors.