July 14, 2008 - As the unpredictability of the markets increases, people are looking more towards futures trading. This highly speculative market has become more accessible, with discount brokerage companies offering new ways for individual investors to get started. In addition, the ability to trade contracts electronically and the introduction of smaller-size contracts has made it even easier to trade. Now, there’s simple help to be found on the bookshelf – the newly published Trading Futures For Dummies (Wiley; 978-0-470-28722-4 / July 2008 / $24.99), by leading independent analyst and investment advisor Dr. Joe Duarte. This clear cut resource offers reliable strategies and the up-to-the-minute advice on investing in financial and commodity futures.
Dr. Duarte, who recently appeared on CNBC, and whose daily comments are read by thousands of investors on a daily basis at his website www.joe-duarte.com has this to say:
“Trading Futures for Dummies is a timely release. The markets have never faced such a variety of influences political, financial, and fundamental. The futures markets are really where they all meet and where the money issues attached to these varied influences get sorted out. To be sure, the ongoing rise in commodity prices, especially crude oil, and agricultural commodities, has been in the making for a long time, given the lack of cohesive energy policy in the U.S. where refinery bottlenecks, low government funding for alternative energy and bans on exploration have all combined to bring us to where we are today. And these price trends have been in place for some time.”
What’s the upside? Duarte states:
“Perhaps the greatest advantage to investors is that futures traders can make money when markets rise or fall. So even if these trends were to reverse in the near term, the information in the book would still be useful to the readers as prices correct, something that will almost certainly happen at some point in the future. My goal in writing the book was to make this seemingly unreachable area of the financial markets accessible to the public, and I’m very pleased with the outcome.”
In this concise guide, readers will find:
- Coverage of commodities, mini stock index futures, and the new single-stock futures contracts
- Advice on trading techniques to help build profit and avoid common pitfalls
- Tips on conducting research, entering and exiting positions, risks and rewards, and bearish and bullish strategies
Like all For Dummies® books, Trading Futures For Dummies concludes with the “Part of Tens,” including ‘Ten Killer Rules to Keep You Sane and Solvent” (trust in chaos, avoid undercapitalization, among others) and ten additional resources such as government web sites and general investment information web sites. The trusty “Cheat Sheet” lists essential economic reports and tips for understanding technical analysis.
About the Author
Joe Duarte, MD, is a leading independent analyst and registered investment advisor focusing on intelligence, energy, and geopolitics. He is the president of River Willow Capital Management.
About For Dummies®
With near universal name recognition, more than 150 million books in print, and over 1,000 topics, For Dummies is the world’s bestselling reference series. With loyal customers around the globe, For Dummies enriches people’s lives by making knowledge accessible in a fun and easy way. Described by the N.Y. Times as “more than a publishing phenomenon, but a sign of the times,” For Dummies span every section of the bookstore, covering everything from health to history, music to math, sports to self-help, technology to travel, and more. The Dummies brand franchise has expanded with an extensive licensed product line, including DVDs, software, consumer electronics, cooking, cleaning and automotive products, craft and hobby kits, games and more. For information, visit Dummies.com. For Dummies is a branded imprint of Wiley.
| For more information, contact: Adrienne Fontaine 201-748-5626 afontain@wiley.com |
Trading Futures For Dummies® By Joe Duarte, MD Wiley; July 2008; $24.99 978-0-470-28722-4; Paperback  |
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