Best Books for Your
Spread Trading Education

"Trading Spreads and Seasonals"
by Joe Ross

tradingspreadsandseasonals In Trading Spreads and Seasonals (for futures traders), Joe Ross shows you that you don't have to be afraid of the "speculative nature" of futures. This book helps you structure "winning" trades the same ways the pros do. If theory and technical formulas are what you want from a "How-to-Win" trading course, then this book is not for you. Instead, Joe brings you down-to-earth with his vast knowledge of one of the most fundamental ways anyone can ever learn to trade.

"This is the way the old-timers did it, and it is a way that still works.
Spread and seasonal trading are almost a lost art these days, and you have to wonder why! If you are a position trader, what better signal can you have than
that this is the time of the year when the bonds have gone up 15 times in the
last 15 years?"
says Joe.

Trading Spreads and Seasonals deals with reality trading and presents you with dozens of easy to follow charts and graphs, and examples of real-life trades that will refine your trading skills. It contains a review of the basic tenets of seasonal trading, seasonal spreads, and outright seasonal futures trades. Because nowadays so few know that trading spreads and trading seasonally are basic to trading commodities, this book contains a listing of other references that will make you a better trader. As with all of Joe's books, there is much, much more content than we are able to describe here. The book contains well over 300 pages. You might want to read what Joe himself wrote about the reasons for writing this book. The text for that is contained in the following paragraphs:

"Spread trading is virtually a lost art except among professionals, who, by the way, have never stopped using them since the beginning of trading."

Spreading was one of the ways Joe Ross learned to trade, and knowing how to use spreads saved his trading life numerous times. There are a number of good reasons to trade spreads:

  1. Very low margin requirements.
  2. Much better odds of being successful than with futures or options.
  3. Every spread trade has you hedged. You give up the risk of price movement and replace it with the smaller risk of the differential in the spread.
  4. You are immune to stop running because you are in two different related markets or two different months of the same market.
  5. Spreads take away much of the volatility of most futures trades.
  6. If you are only half right about the spread, you can drop the losing side and keep the winning side.
  7. You have the benefit of the fact that most seasonal spreads have very high percentages of being correct. Much more so than outright seasonal futures trades.

Joe says "So why don't more people trade them? Because the industry has kept the public largely ignorant of spread trading. How many books have you seen out there that deal with trading spreads? Yet trading them is simple. You buy one contract and sell a different contract at the same time via a spread order, or you leg into each contract on your own, as two separate transactions. If you enter a spread by legging in, the computer will pick up the fact that you are in a spread and will hold you to only spread margins. Either way, you will pay two commissions, but the commissions are not a major factor considering that you will put up only fractional margins. Margins on spreads run about 1/5th to 1/4th those of outright futures trades.

As I write this, a trade in Soybeans today will run you $1,350 per contract. But for a Soybean spread you will put up only $270, or 20% of the margin needed for an outright futures trade. Yet every point in the spread will be worth exactly the same as every point in the futures ($50). This means that the return on margin for a soybean spread is five times that of an outright soybean futures trade. Are you beginning to get the message??

It is for this reason that I wrote the book Trading Spreads and Seasonals. The whole story is in the book. I encourage every one of my students and subscribers to read it. Spread trading is probably the best way to trade that I've ever encountered. It beats the socks off both options and outright futures trades. It is far more relaxed than day trading. Much of the stress of trading is removed with spread trading.

I mentioned that the professionals all still spread. Let me give you an example:

Let's say that in June you decide to buy a July Corn futures and that Corn is moving up sharply due to a lack of rain in the corn belt. You submit your order to the trading floor. Since all of a sudden everyone is hot to buy Corn, the floor broker has trouble filling your order to buy. Although there is no requirement for a floor broker to sell to you (to make a market), he sells to you because he feels that it is his role to act in the capacity of a market maker. What do you think is the first thing that floor broker is going to do once he sells to you? He is going to spread off on a back month of corn, or the same month in wheat or beans. He will hedge (spread) his position until he sees an opportunity to unload that short corn contract in a profitable (to himself) situation.

Years ago, when the Value Line contract was virtually dead because no one was trading it, there were always two floor traders in the Value Line pit. That's all, just two. No one else. These gentlemen were always trying to make a market in the Value Line because they owned Value Line seats, and if no one traded the Value Line, their seats would become worthless.

Every once in awhile, the phone would ring and a Value Line trade would come in. The two of them would march out onto the trading floor and cry out the details of the trade, because the rules say the trade has to go to open outcry. It used to crack me up. It was really funny watching those two yelling at each other to accomplish the trade.

What do you think they did as soon as the transaction was completed? You may have guessed. The one who took the wrong side of the trade made a beeline for the telephone to offset his position in the S&P 500. In other words, he spread the risk against the S&P. Today he would spread off on the Nasdaq futures, but at the time the Nasdaq futures did not exist.

Apart from the profits made by an exchange, the markets exist for the benefit of hedgers. All hedgers are spreaders. They are long the underlying and short the futures, or vice-versa.

Shouldn't you be a hedger as well? You can do it by learning how to trade spreads."

Isn't it time you got started in spread trading by reading Trading Spreads and Seasonals?

Order NOW for only $ 150

add to cart



Trading is a Business - Joe Ross

You can find many books on HOW TO TRADE,
but try to find one on HOW TO MAKE MONEY TRADING!

tradingisabusiness

STOP GAMBLING!

Change your trading life
Let Joe Ross show you the
professional way to trading success!

If you've ever wanted to read a life-changing book for traders, you have come to the right place. Trading Is a Business (for futures traders) has had a profound effect on the lives of many aspiring as well as many professional commodities and futures traders. Trading Is a Business teaches you how to conduct your trading as a professional manager of your trading business. Proper management is vital to successful trading. This book points out the fallacies that many traders hold so dear.

In this manual, Joe Ross explores the details of business management, risk management, money management, trade management, and personal management. He shows you the psychological strengths and weaknesses that cause you to overtrade, under-trade, fail to "pull the trigger," or stay in too long while you sit there and watch your profits turn into losses. You are introduced to concepts and methods that few have ever considered when entering the world of futures trading.

This is the book that shows you what to do once you are in a trade. Joe says, "Anyone can get into a trade. The problem is how do you get out of a trade without losing?" If you want to know, this is the book that demonstrates how to do it.

Trading Is a Business is the book in which Joe first revealed the concept of matching congestions, the almost magical chart patterns that get you into a trade before most other traders even know what is happening.

Trading Is a Business also shows you Joe's two favorite management tools, "The Life Index" and "Equity Charting." He credits these two tools with his ability to master self-discipline as a trader.

If you choose trading for a living as your desired career, then it is vital that you read this book. Joe says, "Trading Is a Business is the single most important book of all the books I've written."

So you have nothing to lose and everything to gain.

Now you have no excuse for not improving your trading business!

Here's how to order your hardcopy right now:

price: $150


To find more books from Joe Ross, please visit our bookstore

futuresbooks

FREE MEMBERSHIP

 

Learn the finer details of trading from our three Master Traders in our free weekly newsletter, Chart Scan, along with immediate access to our free Members Only area. Once signed-up, read about the Law of Charts™ (TLOC) & Traders Trick Entry (TTE), interact in our trading forum, and much more!

 

 

Join Us

 

 


Trading Spreads and Seasonals
Testimonials

"I didn't really know what to expect as I had no experience or knowledge of spread trading but after a few pages I was hooked! here was a way of trading completely removed from the long hours I was spending at the screen daytrading. I decided this needed some further investigation so I took some online training with Andy and have never looked back, I love it!"

Richfitto, UK


"I was a failed and disillusioned trader who'd lost faith in my ability to make even a modest living as a trader. That is until i'd read Trading Spreads and Seasonals . This book explains an alternative way to trade i was previously unaware of and has inspired, reinvigorated and conviced me i am on the right track at last."

Anonymous


"Reading Joe's book takes you along way down the path of understanding the different aspects of spreads and seasonals.It was a satisfying and interesting read.Looking long and hard i never found a book that was as accessible and comprehensive as Joe Ross's Spreads and Seasonals. I intend to buy more of Joe's Books."

Les Oley


"Spreads and seasonals are simple but require a skillset and knowledge to maximise profits and minimise losses. This book outlines to the point on when to enter a trade, how to manage and exit. Risk control and market assessment is there in easy to understand language throughout. You would be a foolish trader to ignore these set ups and even more foolish if you fail to apply them ! Risk is one thing but this book isn't a risk to your pocket."

Dave Kerwin


"After 6 years of studying ALL the books, came across Joes books. Boy what an eye opener :D cant thank you enough for the knowledge!"

TE Forum member



Trading is a Business
Testimonials

"I have to thank you very much for publishing your unique stategies, because after a time my small trading account grow up 400%. These profits have also something to do with the strong rise of the Deutscher Markt Index DAX, but because of your books I knew the best time to take my profit and to "run away". Meanwhile I have read 6 of your books frequently and in my opinion the best book is "trading is a business".

Björn Heidkamp


"I have purchased your books Trading By The Minute and Trading Is A Business. What great, great books. Too many times I have been searching for the Holy Grail Indicator only to find out they don't exist( -$50,000 in my trading account). Through your books I have gained confindence in myself, my trading and managing my trades."

Paul O'Sullivan


"I purchased four of your books and I think that, there is no other material on the market today that can be compared with the information found in your books. For an aspiring trader those books are a must. For me I think that it shortens the learning curve by few years and by untold amounts of dollars"

Florin Popa

 

 

 

© 2016 Trading Educators, Inc. All Rights Reserved