John Wiley & Sons of New York, 2001
202 pp, hardback with computer disk.

The new book introduces the futures trader to the world of scale trading, including how to do fundamental analysis for different market sectors: grains, livestock, metals, softs and energies. There is also a new chapter on scale trading with options as well as an appendix with methods of spread trading and daytrading that have been found to be effective for the author.

The book discusses in non-technical language the environment within which to scale trade and how to do it in the most prudent way.

Hal Masover describes how he came to scale trading and what has kept him there. Scale trading has been the only methodology of trading that has allowed his customers to continue trading, successfully, for years. Scale trading relies on planning, not skill or luck.

Here's what David Stendahl, President of TradingPulse, Inc. says:

Hal Masover's book Value Investing in Commodity Futures is a must for commodity traders in search of improved trading performance. Hal's insights will assist everyone, from the novice trader to the seasoned professional, in understanding the intricacies of trading commodities.

Here's what Joe Krutsinger says:

"In my opinion, all commodity trading, even my trading systems, is gambling, with the possible exception of scale trading (Value Investing), as done by Hal Masover.

Joe Krutsinger is the author of many books, including Trading System: Secrets of the Masters and the Trading Systems Toolkit.

Value Investing in Commodity Futures tells you:

• How to know when to start scale trading
• How to use fundamentals the right way in planning your scale
• How to interpret fundamentals for grains, livestock, metals, softs and energies
• How to use seasonal information in planning your scale
• How to construct a scale - by hand and on the computer (Template Included!)
• How to plan profit taking
• How to accommodate the contract time restrictions with rollovers
• How to scale trade with options

Computer Disk
Included is a template for your spreadsheet program, which will enable you to make your own customized scales, without special knowledge of spreadsheet macros or formulas.

About the Author
Hal Masover, who heads his brokerage with partner Stuart Valentine, has been trading futures since 1989. Hal has been a speaker at Futures West, Omega World, DayTrader Expo, The Money Show, and other trade shows. He writes a newsletter on scaletrading. The firm specializes in scale trading as an investment vehicle.