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The title is somewhat misleading as this is not "all" there is to know about commodities, but the authors do not profess to have covered the subject in its entirety. They even give a fairly extensive list of books for further reading. What they have done is to cover the major aspects of commodities trading in a comprehesive, well-written manner. Though even as a beginner, I would have liked to have had a more thorough explanation of the various trading systems (many are covered). Or, perhaps just more examples showing how the systems work in actual practice. This is about my only criticizm.
Warsendorf and McCafferty's philosophy on developing your own trading system was refreshing to me. Instead of saying that one should follow their system, they say that you should study many trading systems and then develop your own. It reminded me of Bruce Lee's "Tao of Jeet Kune Do." Much of the book is filled with this sort of sound, common sense advice.
All in all, it was a good read. I feel well grounded in the subject and ready to tackle more detailed books.
If you're a beginner, this is a good place to start; if you're a veteran, try the tests at the end of the chapters and see how your knowledge of commodities and trading stacks up!
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Anybody who reads this book will appreciate the depth of its coverage. It is a quality designed: a valuable compilation with both doctors and students in mind.
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And the details about fishing, in bays, estuaries and rivers, are fun.
If you have any doubts about the literary value of this book, note the foreword by Thomas McGuane -- who wouldn't muck around writing forewords for trash.
Loved the book, Russell.
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But for someone who already knows the basics of futures trading, this can be a useful summary of the various markets.
Even experienced traders would find it quite helpful, especially the section that deals with the overview of several markets. This is really useful material in deciding on which markets to trade and their particular tendencies.
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C. J. Woods has done an excellent, professional job of editing the manuscripts. He has gone to great pains to explain the background to Russell's comments, and has taken equal care not to impinge on Russell's own writing with revisions. Woods has also provided a good introduction, index, brief biography and chronology of Russell's life, in addition to the extensive and well-researched footnotes.
I would have liked to see the inclusion of some of Russell's correspondence, as few of the letters in his papers have yet been published. Woods does refer to some of the letters in footnotes, enough to give you the impression that there's a lot more out there.
Coming at this from a genealogical/family history perspective, as I am, this book is of major interest, but not a font of information. From the viewpoint of a historian of the United Irishmen, it might be of ancillary interest, but is not a great resource for primary material. For someone interested in knowing the internal thoughts of a late-18th century Irish patriot, it's priceless.
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There are questions at the end of each chapter, which allow the reader to check his comprehension as well as stimulate further discussion. This practical help is characteristic of the book's structure of helpful lists (e.g. for leadership training, 240-46) and simple outlining. However, there are some weaknesses. On page 25, the author does not seem to sufficiently express the relationship of the biblical use of evkklhsi,a from the etymological meaning; for although he explains the word can mean "assembly," it might be confusing to read that the word "Technically... means "called out ones." Perhaps the chapter on the Rapture of the church-being the longest chapter in the book (26 pages)-is a little off balance in 283 pages. The author seems to frequently cut and paste large sections of other's work, which causes the reader to constantly refer to the endnotes to see who he is reading. And on page 56, the author mentions the title, From Sabbath to the Lord's Day without any reference at all to the author.
The book's dispensational position is immediately recognized from chapter one's rather lengthy discussion of Dispensational Hermeneutics. On page 43, the author argues that "petra," in Matt. 16:18, refers to Peter's confession, while taking into account the perfect passive participles of binding and loosing (45). He states the basis, requirement, and object of faith for salvation has been the same in every age, while the content of faith has changed with the various dispensations (34). The book argues for the first day of the week to be a day of worship but not a carryover from the Sabbath (56). In discussing Eph. 4:9-10, he interprets "the lower parts of the earth" as "Paul [picturing] Jesus as Prince who descended even to the grave in order that He might ascend even into the heavens" (57). In affirming the plurality of elders, the author remarks, "It is clear from this passage [Acts 14:23] and others that a plurality of elders is assigned for each church" (62). Furthermore, he explains, "It only makes sense that one would take a position of deacon before becoming an elder/pastor" (247). As far as restoration for divorced ministers, "Local churches open to placing divorced Christians into important positions (whether pastor/elder, or Sunday teacher) should consider a list of guidelines..." (286).
Generously speaking, the book seems to aid in filling the great need for literature on the theology of the church (at least on a practical note). Its mixture of doctrine with practical suggestions can makes it useful for both the minister and layman. Moreover, the straightforward style of the writer allows the reader to examine the legitimacy of each argument. I score it on the low side because of its lack of exegetical precision, and its piecemeal between author and sources. Robert L. Saucy, The Church in God's Program, seems to be in the top three for books concerning the church; but there is still a need for more.
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James William Rohlf-
ISBN: 0-471-57270-5
The book provided a lot of helpful info that is well-written and clear; I was especially appreciative of the excercises at the end of each chapter since there is a bit of math involved with commodities trading and one needs to practice at it. I was NOT appreciative of the chapter dedicated to studying for the NCFE. It was just a filler where they stuffed in a sample exam, answers, and some commentary. Something like that should be put in an appendix, but better yet, made into a separate booklet. I would recommend this book, but even more highly if the authors put out an updated second edition where they improve the introductory chapter, devote a new chapter to internet trading, and make sure the glossary covers ALL the terms.