How the Futures Markets Work

From an international authority on futures trading, the definitive primer on the futures market-- thoroughly expanded and updated to reflect the hottest new trends in futures trading.

In jargon-free language, backed by explicit and lucid examples, this authoritative primer demystifies every aspect of futures trading. Step by step, investors will come to master the basics of a futures contract, the purpose of the exchange, and the tools of fundamental and technical analysis. They'll also learn solid strategies for choosing a broker, placing orders, finding effective timing indicators and developing their own trading systems.

Features include: A close-up of key players in action--the buyers, the sellers, the speculators, and the brokers; an overview of the multiplicity of markets; a detailed comparison of domestic and international commodity exchanges; the lowdown on the rational, impact, and drawbacks of 24-hour and electronic trading; an incisive look at key factors affecting futures markets, including politics and the weather; the pros, cons, and vital differences between "day" and "position" trading; the secrets to futures markets success, with the do's and don'ts of commodity trading.

Comprehensive and empowering, How The Futures Markets Work opens up a world of prosperous possibilities for today's investors.