This book is for all stock traders, and some longer-term investors, who are interested in learning about one of the most efficient instruments for short-term trading: stock futures.
Alpesh B. Patel explains everything you need to know about stock futures, from basic characteristics to practical trading strategies. He highlights their special advantages, especially as a low-cost way of gaining exposure to non-UK equities, and shows how they can be employed to enhance returns and control portfolio risk.
The book is divided into the following sections:
- Essentials of stock futures
- Trading stock futures
- Trading strategies
- Risk and money management
- Directory of stock futures resources
- Appendices
No previous experience of futures is assumed, and no great knowledge of mathematics is required.
Stock futures are growing rapidly in popularity, both in the UK and in continental markets. To trade them successfully, you need to understand how they work. This book provides that knowledge.
1. Essentials of Stock Futures
What are stock futures?
Mechanics of stock futures
Data and software
2. Trading Stock Futures
Because you can't just buy and hold
Why 90% of day traders and futures traders fail
What is the essence of profit in the markets?
How do you know when to buy and sell?
Constructing a stock futures system
DIY trading strategy
3. Trading Strategies I: Trading Direction
Trading direction
4. Trading Strategies II: Diversification and Hedging
Diversification
Hedging
5. Trading strategies III: Pairs Trading
Pairs
Pairs Trading with different currencies
Pairs trading: stock vs market performance
6. Risk and Money Management
Introduction
Calculating how much to risk
Other factors to consider
7. Directory of Stock Futures Resources
Exchanges
Brokers
Regulators
Industry associations
Industry information and educational resources
Market information
Other trading services
Appendices
a) Top 15 exchanges worldwide for stock futures trading
b) List of USFs traded on LIFFE
c) List of SSFs traded on OneChicago
d) List of SSFs traded on NQLX
e) List of SSFs traded on MEFF
f) List of SSFs traded on National Stock Exchange of India
g) Sample contract specifications - LIFFE
h) Sample contract specifications - OneChicago
i) Sample contract specifications - NQLX
Glossary
Euronext, LIFFE and Euronext.liffe
Index
About Alpesh B. Patel
Alpesh B. Patel is one of the UK's best-known traders and financial journalists. He writes a regular column for the Financial Times, has authored seven bestselling books on trading, and co-presented the popular 'CEO in the Hot Seat' on Bloomberg television.
Aranca is a provider of high-end business research, analysis and financial modelling to investment banks, fund managers, stock exchanges and independent research houses.
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