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Understanding & Trading Futures

Description:

Upon the publication of its first edition in 1991 this book broke new ground by placing the comprehension - and even the command - of this seemingly daunting market in the grasp of thousands of previously unintimidated investors. In this newly revised edition, Carl Luft has incorporated the lessons of the last few years to bring readers up to date on the dynamics of futures trading in commodities, Treasury bonds, stock options and - one of the fastest growing and most challenging of all areas - foreign exchange.

The innovative worksheets that Luft developed for the first edition reappeared here - updated to reflect recent history and accompanied by thorough analysis - bringing the reader directly into actual active markets. By following the author through these revealing exercises, investors will become familiar - and, more importantly, comfortable - with futures contracts and the basic trading strategies of hedging, speculating and arbitrage. The fundamentals of each position are clearly articulated, as are the complexities.

Keenly researched, lucidly organized and masterfully presented, the book is a worthy successor to an established classic.

Contents:

1. Introduction To Futures Contracts

2. The Properties Of Futures Prices

3. Fundamental and Technical Analysis

4. Soybean Trading Strategies

5. Treasury Bond Trading Strategies

6. Stock Index Trading Strategies

7. Foreign Exchange Trading Strategies

Appendix A: Annotated Bibliography

Appendix B: Glossary

Appendix C: Futures Contract Specifications

Appendix D: Problems and Solutions

Appendix E: Blank Worksheets