Beating the Financial Futures Market: Combining Small Biases into Powerful Money Making Strategies (Wiley Trading) [Hardcover]

Beating the Financial Futures Market provides you with a straightforward, historically proven program to cut through the noise, determine what bits of information are valuable, and integrate those bits into an overall trading program designed to jump on lucrative trading opportunities as they occur. It will help you improve both your percentage of winning trades and the bottom line profitability of those winning trades.

Traders in today′s fast–moving financial futures markets must contend with market noise that is ambiguous, contradictory, and (here′s the worst part) almost entirely random. More than ninety percent of traders will eventually go broke trying to make sense of, and systemize, that noise.

But for those that learn the tricks of survival, the rewards can be phenomenal. How can you become one of the five to ten percent of traders that survive the learning curve, design a profitable system, and turn financial futures trading into a profitable sideline or even a full–time career?

Beating the Financial Futures Market provides you with a straightforward, historically proven program to cut through the noise, determine what bits of information are valuable, and integrate those bits into an overall trading program designed to jump on lucrative trading opportunities as they occur. Written by veteran commodities trader, systems designer, lecturer, author, and Chicago Board of Trade member Art Collins, this comprehensive trading handbook details:

• Guidelines for overcoming dead–end discretionary trading "insights" to focus on market–tested, mechanical trading rules and knowledge
• The four rules of prudent optimization, essential for identifying the best performing variables within your formulas
• Eight consistent biases that, when followed, can lead you to more reliable and profitable trades
• Statistically verifiable strategies for combining—and recombining—specific indicators based on prevailing market environments
• Actual TradeStation® summaries, showing in black and white which concepts worked and which didn′t, and when, and why

The backroads of financial futures trading are littered with failed geniuses, traders who spent their days trying to outthink the markets. Beating the Financial Futures Markets will show you how to simplify your trading program by strictly adhering, 100 percent of the time, to a focused roster of mechanical trading techniques. It will help you remove much of the difficulty from your trading day by developing a disciplined, turnkey system and letting the system do the work—leaving you to simply make trades as specified by your system, institute the necessary safeguards, and dramatically improve both your percentage of winning trades and the bottomline profitability of those winning trades.

For a free, downloadable, user–friendly document containing the TradeStation® code in this book′s Appendix, please visit this book′s homepage on www.wiley.com. Simply type the ISBN of the book into Wiley′s search field and click on the available link. This free document allows users to manipulate, cut, and paste the exact codes from the book into their trades without having to rekey it.

Praise for Beating the Financial Futures Market

"A must–read for all system traders—and even for those who aren′t. Art Collins demonstrates why system trading works, and points out the biggest pitfall: the trader himself! By the way, there are a lot of good trading systems in this book, too."
—Lawrence G. McMillan author of McMillan on Options, and President, McMillan Analysis Corp.

"Art Collins′s new book is a technical toolbox gem that presents many examples that you can use to profitably trade financial futures."
—William A. Dunn founder and Chairman, Dunn Capital Management, Inc.

"Read Beating the Financial Futures Market by veteran trader/researcher/system developer Art Collins for examples of the thought processes and explorations he employs to develop and perfect his own trading logic. After all these years of experience and successes, Art is still continually searching out market tendencies and truths."
—Wayne Griffith developer of the top–ranked Anticipation Trading System, and profiled in Market Beaters

"Finally! Well thought out research that is a delightful read! Art knows how to combine legitimate market tendencies to create durable and robust trading models and present them in a logical, well laid out fashion. A work of this caliber has been long overdue!"
—Linda Raschke President, LBRGroup, Inc.

"Art Collins makes the strong case for a scientific view of the trading.Ignore his market wizard wisdom at your peril."
—Michael Covel author of the bestseller Trend Following: How Great Traders Make Millions in Up or Down Markets

Art Collins has been a professional trader and Chicago Board of Trade member since 1989. Today, he is a frequent contributor to Futures magazine and the Tiger Shark Trading Web site. Collins graduated from Northwestern University in 1975 and has lectured in Chicago, Las Vegas, and Toronto on subjects derived from his books. He has also moderated a 90–minute round table discussion with five of the participants from his book, When Supertraders Meet Kryptonite, for the Chicago Traders Expo. Collins is author of three books: When Supertrades Meet Kryptonite, Market Rap, and Market Beaters.