The Complete Guide to Futures Trading: What You Need to Know About the Risks and Rewards (Paperback)

by Refco Private Client Group (Author) "Investors have many choices today for investing their money..." (more)
Key Phrases: United States, New York, Breakeven Price (more...)

Editorial Reviews

Product Description
Many investors learn how to trade equity options, but many are unfamiliar with futures. As headlines about commodity prices proliferate, active, self-directed investors are turning their attention to futures. The Complete Guide to Futures Trading is a comprehensive introductory handbook to investing with commodity futures, including the increasingly popular mini(r) stock index futures and the new singles stock futures contracts. It offers how-to advice from finding a broker to opening an account to making a trade, and provides advice based on years of experience to help new traders get started in commodity futures.

About the Author
REFCO Private Client Group, formerly known as Lind-Waldock, is a futures broker dedicated to giving individual investors the benefits of an unbeatable combination of strength, commitment, and focus. Founded in 1965, Lind-Waldock earned a reputation for delivering innovative products and providing exceptional client service. Lind-Waldock was acquired by Refco Group Ltd. in 2000 and became a division of Refco, LLC, in 2001. In 2005, the firm changed its name to Refco Private Client Group.
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Product Details

• Paperback: 295 pages
• Publisher: Wiley (August 1, 2005)
• Language: English
• ISBN-10: 047148802X
• ISBN-13: 978-0471488026
• Product Dimensions: 9 x 7.4 x 0.8 inches
• Shipping Weight: 1.2 pounds
• Average Customer Review: 4.0 out of 5 stars See all reviews (2 customer reviews)
• Amazon.com Sales Rank: #781,928 in Books (See Bestsellers in Books)

Customer Reviews

Most Helpful Customer Reviews

3 of 3 people found the following review helpful:

5.0 out of 5 stars Excellent Book About Trading Futures, January 4, 2007

By	John J. Bava III (Gladstone, NJ) - See all my reviews (REAL NAME)

This is a great publication for those interested in learning about futures. Even if you're not considering actually trading these financial instruments, this book is still useful. Most people are aware of the inherent risks of futures. However, they are completely unaware of the reasons, given their lack of understanding of leverage, which this book does a great job of explaining.

Other characteristics that make this book useful is its thorough review of charts. One cannot trade commodities successfully without being able to find opportunities based on chart reading, and with this book, you can master a variety of technical indicators, from moving averages to stochastics. If you have questions about how the tax code treats profits garnered from futures trading, this book provides a full chapter on the subject.

Overall, this is a worthwhile buy if you have any interest at all in the commodities and monetary futures markets. It's all about having the right knowledge in your grasp, and understanding the concepts presented in this book is a step in the right direction.

1 of 1 people found the following review helpful:

3.0 out of 5 stars Not for trader types, but for investor types, March 30, 2007

By	Keith Vallely "Keith" (Asheville, NC) - See all my reviews

This book is an excellent example of the financial industry specialists getting together and writing a compendium of information about a particular market investment strategy. It covers all the 'concepts' of trading but from the angle of the Financial Advisor's world. In other words, if you have money to invest, and you would like to understand the issues that pertain to investing in the commodities world, this book will help you ascertain what the commodities investment vehicle is all about. It does not advise a person to use a managed account, nor does it advise to trade on your own. However, if you are a typical 'investor' who is looking to build up a 401K or what have you, this book will help you decide if adding some funds to a managed commodities account makes sense, with your spare $XX,000.00. The book does have a few relevant charts for beginner traders that can be of assistance if you are looking to trade commodities on your own. It also includes some good summaries of trading styles, and charting types, but again, it is designed to help educate a investor class person more so than build a trader types knowledge base.