Complete Guide to Futures Trading

Everything You Need to Know About the Risks and Rewards

By: Refco Private Client Group

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Product code: 21040
ISBN: 047148802x
295 pages
Format: Pb
Published by: John Wiley & Sons, 2005, 1st edition

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Complete Guide to Futures Trading - front page cover image

Description of Complete Guide to Futures Trading

An introductory handbook to investing with futures

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 singlesstock futures contracts. What sets this book apart from competitors is its how-to advice (in finding a broker, opening an account, and making a trade) provided by those with years of experience in helping new traders get started in commodity futures.

REFCO Private Client Group, formerly known as Lind-Waldock, is a futures broker dedicated to giving individual investors the benefits of an unbeatable combination of strength, commitment, and focus.

Complete Guide to Futures Trading - Chapter headings

Foreword
Preface
About the Contributors

1. Futures: The Investment for the Twenty-First Century (Mark Sachs)

Historical Roots
What Futures Are
What Futures Are Not
Who Trades Futures?
Making Your Choice

2. Becoming a Futures Trader (Dan McMullin)

Trading Decision Issues
Fundamental Analysis Highlights
Technical Analysis Highlights
Putting It All Together

3. Trading with a Broker as a Partner (Jim Gombas)

What a Broker Can Offer
Options versus Futures
Market Should Fit Strategy
Paper Trading, Back-Testing

4. Letting the Pros Trade Your Account (Carol Dannenhauer)

Why Managed Futures?
Where Do You Start?
Evaluating Trading Programs
Investing in Managed Futures

5. Using an Auto-Executing Trading System (Herb Kral)

Why an Auto-Executing Trading System?
Look at Yourself First
What to Look for in a Trading System
Why "Successful" Systems May Fail
Summing up Systems

6. Resources for the Self-Directed Trader (David Howe)

Brokerage Firm Choice
Trading Platform
Trading Support Tools
Match Resources to Your Needs

7. Knowing Your Margins and Marching Orders (Greg Gulotta)

Trading on Margin
Order Types
Placing Orders
Tips about Trading Mechanics
Connectivity Issues and Questions

8. Futures: Diverse Markets You Can Trade (Susan Abbott Gidel)

Equity-Based Futures
Financial Instruments
Commodities

9. Options on Futures: A Flexible Trading Tool (Dan McMullin)

Issues to Consider When Investing in Futures Options
Mechanics of Futures Options
Basic Futures Options Strategies

10. Forex: Another Opportunity for Traders (Phillip Fondren)

What Is the Forex Market?
Exchange Rates and Central Banks
The Trading Instrument
Spot Market versus Futures Market
Electronic Trading
Costs of Trading

11. Deciding to Trade (Mark Sachs)

The Money Factor
Time for Trading
Knowing the Market
Who Are You?
Your Trading Plan
Picking a Brokerage Firm

12. Opening an Account (Nancy Westwick)

Opening Account Information
Risk Disclosures
Type of Account
Power of Attorney
Customer Identification (Patriot Act Requirements)
Single-Stock Futures
Account Funding Requirements
Margin Calls
Resolving Disputes

13. The Tax Factor for Traders (Philip Silverman)

Section 1256 Contracts
How to Report Gains or Losses
Special Considerations

14. The Business of Futures: Who Does What (Laura Oatney)

Regulatory Structure
Futures Exchanges
Clearinghouses
Futures Industry Professionals

APPENDIX A: Domestic and International Futures Contract Volume
APPENDIX B: Futures Contract Specifications
APPENDIX C: Speculative Margins

Glossary
Index

Authobiography of Refco Private Client Group

REFCO Private Client Group, formerly known as Lind-Waldock, is a futures broker dedicated to giving individual investors the benefits of an unbeatable combination of strength, commitment, and focus.

Founded in 1965, Lind-Waldock earned a reputation for delivering innovative products and providing exceptional client service. Lind-Waldock was acquired by Refco Group Ltd. in 2000 and became a division of Refco, LLC, in 2001. In 2005, the firm changed its name to Refco Private Client Group.

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