Futures trading has various benefits for traders when compared to many other marketplaces. It offers a sophisticated form of trading with access to exchanges, a large selection of asset trading with various expiration dates in addition to being the most liquid and sophisticated market available.
It should come as no surprise that many traders like trading in the futures market. However, there is always a downside to everything, and futures trading may be more difficult than other markets. Therefore, you must comprehend the principles behind futures contracts, as well as deliverable contracts, tick value, required reports, and fees and costs related to futures trading.
So how should we get started? Well, it could be a good idea to read a book about futures trading. Therefore, we recommend the top 8 books about futures trading and the futures market in this post.
These are our top selections for futures trading books:
1. A Complete Guide to the Futures Market
2. Trading Commodities and Financial Futures
3. Day Trading Micro Futures for Income
4. Commodity Spread Trading
5. Technical Traders Guide to Computer Analysis of the Futures Markets
6. Getting Started in Futures
7. Schwager on Futures
8. Mastering The Trade
This book should be your first pick if you are a novice who wants to learn the fundamentals of trading futures. The most thorough book on futures trading and the real-world trading rules of the futures market is called A Complete Guide to the Futures Market.
Everything from fundamental and technical analysis to options trading and spreads is covered in this book by Jack d. Schwager.
Some claim that it is the 720-page futures trading bible and the most comprehensive guide available to beginners. Therefore, if you want to learn everything there is to know about the futures market before you start trading, this is the book to read.
Author: Jack D. Schwager
Price: Between $33-$100
Best for beginners who want to start trading futures
Every futures commodities trader has to read this valuable book, which was written by seasoned commodity trader George Kleinman and was released in 2004.
The author provides a thorough explanation of how the commodities futures market operates and how it has evolved through time. Additionally, it offers details on how to interpret various reports released by the Commodity Futures Trading Commission as well as information on useful trading rules (CFTC)
You will discover how futures and options trading operate in this book, as well as how to employ sophisticated trading strategies to become a profitable futures trader. In conclusion, this book is one of the best ones for teaching novice futures and commodities traders.
Author: George Kleinman
Price: Between $29.89 to $45
Best for all commodities futures traders
The trouble about futures trading is that it is expensive. i.e., the contracts are substantial, generally $100,000 or more. Naturally, you can utilize a margin for day trading, but even so, one of the major obstacles of futures trading is that every tick has a large value. This is one of the main causes why the majority of futures traders use proprietary trading companies to access the futures market.
How can you resolve this issue? Micro-futures trading Micro futures are essentially scaled-down versions of the more well-known and substantial stock index futures contracts traded on the (CME). If you are unsure how to begin trading micro-futures contracts, all you need to do is read the book mentioned above.
Author: Don A Singletary
Price: Between $9.95 to $18.95
Best for futures traders with low budget
Trading the spread between contracts, or buying and selling the same commodity, but for contracts with different expiry dates, is known as commodities spread trading. Trading spreads is a very successful approach since seasonality is a key idea for traders trying to trade commodities items.
One of the greatest books on spread trading in the futures market is Commodity Spread Trading, written by David Carli. We strongly advise reading this book even if you don't intend to only concentrate on the spread trading method in order to have a better understanding of the dynamics and workings of the commodities futures market.
Author: David Carli
Best for seasonal commodity traders
This book is for you if you want to start algorithmic trading but don't know where to begin. First of all, you should be aware that the futures market is ideal for computer trading because of its quick market executions, extensive rebate programmes provided by exchanges, tight buy and sell spreads, and generally affordable costs and charges.
Therefore, if your objective is to trade futures contracts automatically using algorithmic trading, this book is good since it explains in detail what is required to create an automated trading system. It essentially offers all the necessary guidance for building up a computer trading system and creating trading algorithms utilizing the appropriate technical analysis indicators.
Author: Charles Lebeau and David Lucas
Price: Between $33 to $64
Best for traders who want to develop an automatic trading system in the futures market
Todd Lofton's Getting Started in Futures is a great book for new traders who are interested in trading futures. This book discusses the fundamentals of the futures market, covering all you need to know about the futures market and how to begin your futures trading experience, and is reasonably priced at roughly $12.
This book, which has 304 pages, is among the finest for people who want to grasp the fundamentals of the futures market, including how to predict price fluctuations, how hedging works, and how to comprehend the (new) computerized structure of futures exchanges.
Author: Todd Lofton
Best for those who want to start futures trading
The most often cited book for traders and investors searching for a thorough introduction to technical analysis is probably Jack D. Schwager's 1995 release, Schwager on Futures: Technical Analysis.
The book offers readers a wealth of technical analysis techniques and chart patterns to use in futures trading because it was written from the viewpoint of an experienced trader.
Importantly, Swagger, the author of many best-selling trading books, provides his readers with a wealth of technical analysis resources and knowledge to utilize while trading futures. It is a great book for beginning traders as well as more experienced investors who have knowledge and expertise in trading.
Author: Jack D. Schwager
Best for those who want to learn technical analysis and focus on futures trading
This book is unquestionably one of the finest to read on intraday and swing trading, despite the fact that it does not exclusively focus on futures trading. Additionally, we strongly suggest reading Mastering the Trade by John F. Carter because intraday and swing trading are the key focuses of futures trading.
Due to its exploration of sophisticated trading ideas and market insights, Mastering the Trade is regarded as a classic book for learning intraday and swing trading. The book provides a wealth of day trading, swing trading, and advanced trading principles with numerous examples across a range of markets. For futures traders who often participate in short-term trading, it is therefore valuable.
Author: John F. Carter
Best for intraday and swing traders
Reading one of the futures trading books from the list above is one of the greatest methods to learn about the futures market and how it operates.
To learn more about how financial markets and the trading industry operate, we also advise you to check our recommendation for the best trading books and perhaps even watch a trading documentary movie.