Futures & Options For Dummies (For
Dummies (Business & Personal
Finance)) by Joe Duarte MD
Good Start On Options
The days of buying and holding stocks and mutual funds for years are
gone; nowadays, futures and option markets offer some of the best
opportunities to make money trading in volatile times. But like all
investments, high risk is involved, and in order to become a successful
trader you must be prepared to work as a geopolitical analyst, a money
manager, and an expert in all types of commodity markets. Futures &
Options For Dummies will show you how trading is done and how to
survive and succeed in these ever-changing markets. Filled with nuts-and-
bolts advice, you’ll soon discover how to manage the risks involved and
reap the rewards of futures and options trading. This straightforward guide
gives you the tools you need to understand: Ins and outs of trading
futures and options How to analyze the markets and develop strategies
Interest-rate futures and speculating with currencies How to stock up on

indexes The direction of commodity futures Organizing your financial
data and calculating your worth Developing strategies now to avoid pain
later The execution of successful trades Trading takes an iron-
cast stomach and nerves of steel to perform, and this book features ways
to keep yourself sane and secure. It also lists resourceful Web sites,
commodity exchanges, books, newsletters, and magazines to assist in
your trading endeavors. From technical analysis to finding a broker,
Futures & Options For Dummies has all the information you need to
capitalize on these markets!
Personal Review: Futures & Options For Dummies (For
Dummies (Business & Personal Finance)) by Joe Duarte MD
If you're new to options, this is _the_ book to start with. Surely, online
resources are plentiful, but no single web site can give you all the
information and explanations you need to really get a good grasp on whqat
exactly might be happenning. I've already made some money in options
but, believe it or not, I've made more in stocks because I didn't quite grasp
how these things work. This said, if you understand options and have a
good idea of how the underlying (stock) is going to perform you can see
your option appreciate 20, 50, or even 100 plus percent in a very short
time. This is the draw of options. The most important thing you need to
know, however, and this is 'experience' speaking, is that you have to, i
mean, have to reel in your money if you see so much as 5 or 10 cent
markdown in the price of your option. Why? because, unlike stocks, you
can always buy right back in if the thing does start going your way With
stocks, you usually hold it until you see , say, an 8% depreciation in value.
This is not true with options. If you have, say, ten contracts, you're
leveraging 1000 shares. Thus, if your thing goes down 5 cents, you've lost
50 dollars; 10 cents, 100 dollars and this usually happens intra-day, within
a few minutes. For this reason, options are classified as 'high risk', but it's
only high risk if you're averse to gettting rid of them. Stocks might take 2
or 3 or 5 days or more to show such a drop; that's when you might sell.
Oh, and one more thing...having the right software makes or breaks your
trading. Schwab offers options, but not any kind of software that gives
you all the information and tools you need. Check around; there's a few
that offer killer stuff. Visit investools.com
I hope this helps future traders but, if you must know, you gotta digest all
the info in the options part if you're to get a grip on the thing.
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