Rating: 
Summary: Extremely disappointed
Review: If you're looking for a book to teach the basics of trading options and futures, this one might do you. Of course, for that purpose, it's about $50 overpriced. If you're wanting to learn more about the fundamentals of evaluating energy markets, this book really has absolutely nothing to say. Don't be fooled by the title.
Rating: 
Summary: A Clear Description of (Energy) Futures Markets
Review: Mr Errera and Mr Brown are drowing a clear picture of energy futures markets. Many complex subjects are turned into a readable and comprehensible form. In my opinion, this book sould be your own book!
Rating:
Summary: Outstanding material on trading energy futures and options
Review: Thanks to the authors for presenting this information in language that is understandable to the masses. You have demystified a topic that is often encrypted. Many people in the energy business would benefit greatly in their overall understanding by reading this book! It is well-organized and makes the complex business of hedging futures contracts seem logical. I have worked with wholesale energy traders and seen the trading floor with it's live weather maps, analytical systems, and 100 or so traders and I thought it was an exciting environment. Understanding P/(L) positions, mark to market, and familiarizing with the multitude of hedging strategies has made this intriguing business all the more interesting to me. The book delivers exactly what its title implies. Thank you, again!
Rating:
Summary: Outstanding material on trading energy futures and options
Review: Thanks to the authors for presenting this information in language that is understandable to the masses. You have demystified a topic that is often encrypted. Many people in the energy business would benefit greatly in their overall understanding by reading this book! It is well-organized and makes the complex business of hedging futures contracts seem logical. I have worked with wholesale energy traders and seen the trading floor with it's live weather maps, analytical systems, and 100 or so traders and I thought it was an exciting environment. Understanding P/(L) positions, mark to market, and familiarizing with the multitude of hedging strategies has made this intriguing business all the more interesting to me. The book delivers exactly what its title implies. Thank you, again!
Rating: 
Summary: Well Written
Review: The concepts and trading strategies of futures and options are well explained in plain English. Unfortunately, the author only scatterly discussed some characteristics of the energy industry. To be a successful trader in the energy futures market, you must be an expert in the industry first. However, this might be beyond the scope of the book.
Rating:
Summary: easy to understand
Review: The Fundamentals of Trading Energy Futures & Options was one the best business books I've read. It was easy to read and understand. The book is well written and earned its cost in my first hour of trading. I highly recommend this book.
Rating:
Summary: easy to understand
Review: The Fundamentals of Trading Energy Futures & Options was one the best business books I've read. It was easy to read and understand. The book is well written and earned its cost in my first hour of trading. I highly recommend this book.
Rating:
Summary: Great basics
Review: The main feature of the book to me was that I understood it! I attempted other books before, and failed. The subject is not hard, but the exposition needs to be clear, and with Errera and Brown it is. I can now read the Gas Daily, and I am ready for the next book on the subject (which is, of course, Hull's "Options, Futures..."). Thanks to the authors for the good book.
Rating:
Summary: Learning about options and futures
Review: This is a superb book for anyone who wants to learn more about futures and options, especially with specific examples to energry trading. It is quite easy to read and very understandable for anyone untrained in finance jargon.
Rating:
Summary: Very Good Primer
Review: This is an excellent and invaluable learning tool. It is helpful to have some financial experience, namely understanding some of the terms like call and put,etc, so that you may spend more time focusing on the concepts, but not absolutely necessary.
The book is logically organized to start with an overview of the futures market,followed by an overview of futures, generalized hedging, and options. All topics are related to energy commodities with easy to understand explanations. Relevant details relating to the energy market (definitions of spark spreads, inter-exchange hedging strategies, etc) are included.
Although I could not go into the market and trade commodities after reading this book, I could understand the overall concept of hedging energy futures and options and this serves as an excellent primer to the next level.
I would say that this book is at about the college senior level, easy on the math and not heavy on modeling. I would recommend it for the beginning MBA student but not at a PHD level.
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