How the futures markets work

In How the Futures Markets Work, Jake Bernstein, an acknowledged expert on futures worldwide, is your guide to the lucrative world of futures. He explains in easy-to-understand language the products, the players, the tools, and the strategies, including hedging.

Bernstein starts with the basics, discussing the history of the US. and foreign futures markets, their organization, and the specifics of daily operations on the trading floor. He takes you step-by-step through opening an account, selecting a broker, placing orders, doing basic technical analysis, managing risk, and developing a trading strategy suited to your goals.

Bernstein provides an up-to-the.-minute overview of the electronic trading revolution, giving you the information you need to make hardware, software, and trading decisions. You'll find insights into the psychology of investing and tips for improving your possibility of success.

How the Futures Markets Work is your blueprint to making the futures markets work for you!

Contents

• The journey ahead
  
• Beginning with the basics
  
• The modern futures exchange
  
• Life on the trading floor
  
• The variety of futures markets
  
• Getting started in trading futures
  
• Hedging with spreads
  
• Fundamentals analysis
  
• Technical analysis: chart patterns
  
• Technical analysis: timing indicators
  
• Managing risk
  
• Computers and electronic trading
  
• The psychology of investing
  
• Trading strategies and systems
  
• Making the futures market work for you
  
• Appendixes