commodities

There are three types of traders - discretionary, technical and systems. Once you understand the advantages of being a systems trader, this book will become one of your prize possessions. You will need a copy of TradeStation software in order to test and apply most of the trading systems Joe presents in the book, but once you read the book, if you are serious about trading, you'll get a copy of the program. The book reveals many proprietary trading systems Joe has developed for different markets. The "Buy Monday" system he reveals in the book can easily make you a nice steady, safe income with a few minor refinements (and you don't even need the software for this one). The book details the workings of many trading systems, provides Easy Language code for most and explains why each of the systems works. Easy to read and to the point, this book provides examples of the technical tools and the mindset necessary to help you reduce the fear and uncertainty in trading.

The Trading Systems Toolkit is a quick read book for the beginning futures trader. The emphasis on system trading and the need for strict adherence to the system is what the beginner needs for the first experience in the markets. Mr Krutsinger does a good job of specifying the key points of a good system, gives multiple examples of each, and discusses how to generate more ideas. This book should be a welcome addition to any traders library.

I would describe this book as being a very high level overview of a trading system. If you want to learn how to really build a trading system this is not the book to read. At the end of the book of about 250 pages there are about 100 pages of screen printouts. I was pretty disappointed by this book, expecting some practical formulas and ways of building a trading system. On the upside this book can be read very fast.