Way of the Turtle?

I am a beginner investor so if what I am about to say makes no sense correct me... In Curtis Faith's novel, "Way of the Turtle", he constantly refers to trading futures contracts, and mentions trading specific things like oil, cocoa, and grains. Is this the same thing as trading stocks? If not, will the system he outlines still work in the stock market?

Trading future contracts means that you are trading the actual commodity. If you don't sell in time, you will get a call from the railroad saying they have a delivery for 4 railcars full of grain for you. The contract gives you the right to sell that item at a certain price in the future.

Trading stocks is more like buying a very small piece of a company. I haven't read the books so I can't tell you if the system works for stocks, but by the name it suggests a "buy and hold long-term" kind of strategy, which is one approach you can take to stocks.

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