A Complete Guide to the Futures Market

Jack D. Schwager , Mark Etzkorn 지음

Wiley 2017년 01월 03일 출간

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The essential futures market reference guide A Complete Guide to the Futures Market is the comprehensive resource for futures traders and analysts. Spanning everything from technical analysis, trading systems, and fundamental analysis to options, spreads, and practical trading principles, A Complete Guide is required reading for any trader or investor who wants to successfully navigate the futures market. Clear, concise, and to the point, this fully revised and updated second edition provides a solid foundation in futures market basics, details key analysis and forecasting techniques, explores advanced trading concepts, and illustrates the practical application of these ideas with hundreds of market examples. A Complete Guide to the Futures Market: Details different trading and analytical approaches, including chart analysis, technical indicators and trading systems, regression analysis, and fundamental market models. Separates misleading market myths from reality. Gives step-by-step instruction for developing and testing original trading ideas and systems. Illustrates a wide range of option strategies, and explains the trading implications of each. Details a wealth of practical trading guidelines and market insights from a recognized trading authority. Trading futures without a firm grasp of this market’s realities and nuances is a recipe for losing money. A Complete Guide to the Futures Market offers serious traders and investors the tools to keep themselves on the right side of the ledger.

목차

About the Authors xv Part I Preliminaries Chapter 1 For Beginners Only 3 Purpose of This Chapter 3 The Nature of Futures Markets 3 Delivery 4 Contract Specifications 5 Volume and Open Interest 9 Hedging 11 Trading 15 Types of Orders 16 Commissions and Margins 19 Tax Considerations 19 Chapter 2 The Great Fundamental versus Technical Analysis Debate 21 Part II Chart Analysis and Technical Indicators Chapter 3 Charts: Forecasting Tool or Folklore? 27 Chapter 4 Types of Charts 35 Bar Charts 35 Linked Contract Series: Nearest Futures versus Continuous Futures 39 Close-Only (“Line”) Charts 40 Point-and-Figure Charts 42 Candlestick Charts 43 Chapter 5 Linking Contracts for Long-Term Chart Analysis: Nearest versus Continuous Futures 45 The Necessity of Linked-Contract Charts 45 Methods of Creating Linked-Contract Charts 46 Nearest versus Continuous Futures in Chart Analysis 48 Conclusion 51 Chapter 6 Trends 57 Defining Trends by Highs and Lows 57 TD Lines 66 Internal Trend Lines 73 Moving Averages 78 Chapter 7 Trading Ranges 83 Trading Ranges: Trading Considerations 83 Trading Range Breakouts 86 Chapter 8 Support and Resistance 91 Nearest Futures or Continuous Futures? 91 Trading Ranges 92 Prior Major Highs and Lows 94 Concentrations of Relative Highs and Relative Lows 101 Trend Lines, Channels, and Internal Trend Lines 106 Price Envelope Bands 107 Chapter 9 Chart Patterns 109 One-Day Patterns 109 Continuation Patterns 122 Top and Bottom Formations 134 Chapter 10 Is Chart Analysis Still Valid? 149 Chapter 11 Technical Indicators 155 What Is an Indicato

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저자(글) Jack D. Schwager

JACK D. SCHWAGER is a co-founder of FundSeeder, a web-based technology and investment business designed to connect undiscovered trading talent with sources of investment capital. He is the author of numerous acclaimed financial books, including the Market Wizards series and Market Sense and Nonsense. MARK ETZKORN is founder of FinCom Media. He was formerly Editor-in-Chief of Active Trader magazine, editor at Futures magazine, and a member of the Chicago Mercantile Exchange. He has authored, edited, and contributed to more than 10 books on the financial markets.

저자(글) Mark Etzkorn