Following the Trend: Diversified Managed Futures Trading Hardcover – January 14, 2013

I wish I could put it in another way but it boils down to this: simple and straightforward. Although the book is really oriented towards trend followers (Those who follow a trend over weeks and months - which I am sure very many of us aren't :), it gives the day trader (1 min, 2 min, 5 min, 1 hour, 4 hour chart trader...etc) something to come away with from the reading. He even says to implement his strategies, one would need at least 1,000,000$. Are you scared of the zeros now?))) Good! However, you'd still learn something valuable for your own day trading.We all know, you won't get rich by scalping :) you got to get into trend following if you dream of achieving the trader's dream: Live and play (relax))) while your money works for you and makes more money.Basically, he explains the concept of moving averages. That's basically IT. He's got two moving averages in his book. And he also expounds on ATR, position sizing and volatility and other trading ingredients.This guy is a hedge fund manager, you can even read his resume on LinkedIn. I emailed him a question (with the book ISBN number included), and he replied and gave me sound advice on trading Forex. They (hedge fund managers) do it with moving averages, combined with some in-depth, long-term fundamental analysis. Guess what? No complex indicators :) That's what I came away with from reading the material. I think trading Forex is simple but not easy.What you get from the book:- A lot of back testing results so you can see and judge for yourself (I think he's got results from as latter as 2008 or 2011)- His technique- His thoughts on market trading- Sound advice from someone who's done it and is doing it- And anything your own imagination can expand on.I think I understood less than 1% of the book (I am continuing to re-read the book) but it has done a great deal to my understand of trading. I definitely recommend this book.Isaac

I am very sceptical about trading books and it takes a lot of time to find something worth of your money. For this reason I read trading books quite rarely. You will find hundreds of books describing trends, oscillators, lines, fibos and etc. Although this info could be easily found on the internet for free. The first thought in my head when I took this book was "ahh.. another book about moving averages". But my thoughts were far away from the reality. Honestly I enjoyed reading from the 1st till the last page.21st century traders are "the lazy generation traders". There is so much scam for example in Forex business and it is so simple to download and install trading platform, draw some lines and trade, trade, trade...Frankly Andreas Clenow's futures trading book gave me insight that I wasted 3,5 years just playing with charts. When I review my 3,5 years experience in Forex, I understand that I don't know nothing about trading and markets. I'm just able to draw some lines on support/resistance levels, put some indicators and that's all. That is everything what I "learned" in 3,5 years. It is quite disappointing.On the other hand "Following the Trend: Diversified Managed Futures Trading" gives insight how hedge funds really work and how you can devlope your own strategy that competes with those funds. Don't misunderstand me, this is not the book that offers such as "become rich in 3 months" strategy. Andreas describes the core of the trend followng strategy and where to focus if you want to develop your own strategy. And the reality is that without math or some programming knowledge you are almost not competative in this business. And it was quite mind-blowing that all these years I focused on things that almost don't matter. I love trading. And this book opened my eyes. I need to do a short break and then consider my trading future.My native language as you see is not English. But this book is very easily readable, full of charts, historical reviews and back-tests. Every chapter is full of useful information without "space-filling" info. And I will definitely read this book again. When I was reading this book at the same time I checked all info about the writer because I am very sceptical when someone writes about the money. I read almost the whole Andreas' website, read and listened most of his interview, I even rechecked his facebook account and found his posts on Quora. At this point I can say that I trust this book and I will definitely read his other book "Stock on the Move". At the same time I hope to see more books from Andreas Clenow.