The third edition gives the reader insight on how the futures market works. Topics such as futures in financial institutions, options on futures and descriptions of major commodities are discussed in an easy-to-read format. This book will aid the new individual investor with its new examples, charts and additions that show the changes in the futures market.
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TODD LOFTON is a past member of the Chicago Board Options Exchange and a popular speaker and writer on the subject of futures. He was president of Investor Publications, and the first publisher and editor of Commodities (now Futures) Magazine. Mr. Lofton received his master′s degree in financial management from the U.S. Naval Postgraduate School.
This accessible and user–friendly guide is ideal for investors who are new to futures. Covering the full range of markets, from grains and metals to petroleum and financial futures, Getting Started in Futures tells you in plain, simple terms how margins are set, how an order is handled in the trading pit, the steps a producer or user must take to effectively hedge a cash commodity, and how to use the futures markets to your own personal or business advantage.
Covers new futures contracts, such as one–month LIBOR futures on the International Monetary Market
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