Starting Out in Futures Trading

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McGraw Hill Professional, Feb 14, 2001 - Business & Economics - 367 pages
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One of the best-known futures traders explains how to trade for profit in today's global futures marketplace

Look into the bookcase of any successful futures trader, and odds are you’ll find a worn, well-used copy of Mark Powers’s Starting Out In Futures Trading. In this new edition—the best-selling book’s first update since 1993—Powers reflects on the many new forces that are shaping the industry. From new rules and regulations to the emergence of electronic trading and the Internet, Powers’s unquestioned knowledge and experience cover all the key basics in the world of futures trading—and show traders from novice to veteran how to profit in that world.

The perfect starting point for a new trader, and a valuable refresher for anyone, Starting Out In Futures Trading, Sixth Edition, covers:

  • How to choose a broker and place an order
  • The increased importance of stock indices
  • New research, rules, and regulations
 

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Contents

Chapter 1 Trading Stocks versus Trading Commodity Futures
1
Chapter 2 The Electronic Exchange
15
Chapter 3 Speculation Is Not a FourLetter Word
21
Chapter 4 Managed FuturesA Good Alternative
27
Chapter 5 Commodity Index FuturesThe Basket Approach to Investing
43
Chapter 6 The Trading Plan
47
Chapter 7 Choosing a Broker
71
Chapter 8 The Order
79
Chapter 18 Energy HedgingSome Examples
179
Chapter 19 Fact and Fiction About Spreads
185
Chapter 20 Financial FuturesAn Introduction
199
Chapter 21 MoneyTrading the Ultimate Commodity
207
Chapter 22 Understanding the Yield Curve
217
Chapter 23 The Interest Rate Contracts
225
Chapter 24 Hedging Applications for Interest Rate Futures
235
Chapter 25 Stock Index Futures and Options
253

Chapter 9 Forecasting PricesSupply and Demand
85
Chapter 10 Basic Price PatternsForecasting Tools
95
Chapter 11 Technical Analysis
105
Chapter 12 Technical AnalysisThe Tools and How They Work
121
Chapter 13 Volume and Open Interest
139
Chapter 14 Commodity HedgingA Primer
147
Chapter 15 HedgingThe Basis
157
Chapter 16 Your Banker and Hedging
163
Chapter 17 Commodity Hedging in Action
167
Chapter 26 Commodity Options
263
Chapter 27 Strategies for Trading Options
279
Chapter 28 Historical Development of Commodity Futures Trading
297
Chapter 29 The Commodity Futures Exchange
317
Commodity Traders Scorecard
327
Glossary of Commodity Futures Terms
331
Index
355
About the Author
367
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About the author (2001)

Mark Powers is one of the futures industry's most respected and influential figures. A key participant in drafting many of the original contract specifications for trading currency and financial derivatives, Powers is the CEO of Powers and Dubin Asset Allocation and Management and former editor of The Journal of Futures Markets. He also served as chief economist for the Commodity Futures Trading Commission and has contributed his expertise as a director on numerous futures exchanges.

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