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Description of The Complete Guide to Futures Trading

"It does a good job of conveying, in a style that is clear to the layman, how the futures world works and what is required to succeed as a trader." - "Financial Engineering News". "This landmark book makes futures trading accessible to mainstream individual investors. As chief executive officer of the largest financial exchange in the world for trading futures and options, I can wholeheartedly recommend this volume for the reader who wants to learn the fundamentals of investing in futures." - From the Foreword by Craig S. Donohue, Chief Executive Officer, Chicago Mercantile Exchange. ""The Complete Guide to Futures Trading" is the ultimate getting started guide. The book leads you through an informative yet concise course with an A to Z explanation of how to trade futures successfully. eSignal has partnered with Lind Waldock for more than a decade to provide futures traders with reliable, accurate, and actionable data. This is a much needed and well written resource for the new futures trader." - Chuck Thompson, President, eSignal. "My hat is off to the authors of this extremely well written and timely book about futures trading.
If the experts are right that the next bull market will be in commodities, this guide will find a large audience among investors interested in diversifying beyond stocks and bonds. This guide does a terrific job of explaining the practical aspects of futures trading and will be of great use to anyone interested in using these instruments to participate in market trends." - John Damgard, President, Futures Industry Association.

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Title Information

ISBN:

9780470055595

Pages:

312 pages

Format:

Paperback

Product Code:

152675

Publisher:

John Wiley & Sons Inc

Published:

11/07/2006

Edition:

2nd Edition

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About Lind Waldock

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 Man Financial Inc in 2005. Subscribe to Lind Waldock s eNewsletter at www.lind waldock.com.

Contents of The Complete Guide to Futures Trading

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