The Complete Guide to Futures Trading: What You Need to Know about the Risks and Rewards

By Refco Private Client Group, Private Client Group Refco Private Client Group, Lastrefco Private Client Group

Book Overview

Many investors learn how to trade equity options, but many are unfamiliar with futures. As headlines about commodity prices proliferate, active, self-directed investors are turning their attention to futures. The Complete Guide to Futures Trading is a comprehensive introductory handbook to investing with commodity futures, including the increasingly popular mini(r) stock index futures and the new singles stock futures contracts. It offers how-to advice from finding a broker to opening an account to making a trade, and provides advice based on years of experience to help new traders get started in commodity futures.

• Format: Paperback
• Language: English
• ISBN: 047148802X
• ISBN13: 9780471488026
• Release Date: August 2005
• Publisher: John Wiley & Sons
• Length: 295 Pages
• Weight: 1.24 lbs.
• Dimensions: 0.7" x 7.5" x 9.2"

Customer Reviews

Excellent Book About Trading Futures

This is a great publication for those interested in learning about futures. Even if you're not considering actually trading these financial instruments, this book is still useful. Most people are aware of the inherent risks of futures. However, they are completely unaware of the reasons, given their lack of understanding of leverage, which this book does a great job of explaining. Other characteristics that make this book useful is its thorough review of charts. One cannot trade commodities successfully without being able to find opportunities based on chart reading, and with this book, you can master a variety of technical indicators, from moving averages to stochastics. If you have questions about how the tax code treats profits garnered from futures trading, this book provides a full chapter on the subject. Overall, this is a worthwhile buy if you have any interest at all in the commodities and monetary futures markets. It's all about having the right knowledge in your grasp, and understanding the concepts presented in this book is a step in the right direction.