【国际期货市场运作】Chapter 0 International Futures.ppt

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1、International Futures International Futures Markets OperationMarkets OperationEvaluation on your Studyn1.10%come from usual performance(assignments,attendance and attitude)n2.40%come from team work(a presentation on futures market analysis).n3.50%come from final exam.Grading Scalen nA90+n nB80 89n n

2、C70 79n nD65 69n nFBelow 65Notes nRegular attendance and active participation in class are expected from all students.nThe“participation”portion of your grade will be based primarily on your performance on quizzes,in-class exercises,and homework assignments.Other IssuesnAcademic Dishonesty:Plagiaris

3、m and cheating are serious offenses and may be punished by failure on the exam,paper;failure in the course;and/or expulsion from University.nWhat kind of things can you learn from the whole courses in this semester?First:Guide you to enter the futures marketnChapter 1 The Journey Aheadn Chapter 2 Be

4、ginning with the BasicsnChapter 3 The Modern Futures ExchangenChapter 4 Life on the Trading FloornChapter 5 The Variety of Futures MarketsnChapter 6 Getting Started in Trading FuturesnChapter 7 Futures OptionsnChapter 8 Hedging with SpreadsnChapter 9 Fundamental AnalysisnChapter 10 Technical Analysi

5、s:Chart Patternsn Chapter 11 Technical Analysis:Timing Indicatorsn Chapter 12 Managing Riskn Chapter 13 The Psychology of InvestingSome views on futures tradingnFutures trading is one of the investment-related vehicles requiring relatively low capital input that offers virtually unlimited profit pot

6、ential to those with motivation,persistence,and skill.Some views on futures tradingnArmed with information,sufficient starting capital,discipline,and time,the average investor can generate large profits.Some views on futures tradingn1.Futures trading is not purely scientific.n2.There are no shortcut

7、s or cookbook formulates for success in futures trading.n3.One can lose more than ones original investment or speculative capital in trading the futures markets.n4.There are as many as nine losers for every one winner in the futures markets.n5.Lasting success is a function of skill,knowledge,and per

8、sistence.Why Trade Futures?n1.Futures trading offers the independent individual a career that can lead to great wealthn2.The futures industry has grown rapidly.Why Trade Futures?n3.The futures markets are,in many respects,leading economic indicators.n4.Learning how to trade futures can help you deve

9、lop the discipline necessary for success in many other investment areas.Illustrations&Suggestions on The CoursenThis course will provide you with a basic education in futures trading.nIf you decide to become a futures trader,remember that futures trading involves the risk of loss as well as the pote

10、ntial for reward.Illustrations&Suggestions on The CoursenTake notes.nApplication of the concepts can assist in your understanding and learning.nAsk questions.If youre unsure about a concept or term ask me or log on to the Internet and search for your topic.Major Exchanges in Trading FuturesnChicago

11、Board of Trade CBOT nChicago Mercantile Exchange CME nNew York Futures Exchange NYFE nNew York Mercantile Exchange NYMEX nCommodity Exchange,New York COMEX nLondon International Financial Futures Exchange LIFFE nLondon Metal Exchange LME nShanghai Futures Exchange SHFE Online Futures Brokerage Firms

12、n n n www.e-n n n 经易网 金中讯 南华期货网 易发网 世华财网 实达期货Reference Booksn1.Richard J.Teweles,Frank J.Jones,Edited by Ben Warwick,THE FUTURES GAME.n2.Frank J.Fabozzi,Second Edition,INVESTMENT MANAGEMENT.n3.Zvi Bodie,Alex Kane,Alan Marcus,Fourth Edition,INVESTMENT.n4.John C.Hull,Fourth Edition,Fundamentals of Futures and Options MarketsReference Booksn5.朱国华，褚玦海，期货投资学，上海财经朱国华，褚玦海，期货投资学，上海财经 大学出版社，大学出版社，2006。n6.朱国华，褚玦海，期货市场学，上海财经朱国华，褚玦海，期货市场学，上海财经 大学出版社，大学出版社，2004。Key Wordsnleverage n.杠杆杠杆nmargin n.保证金保证金ndiscipline n.磨练磨练Futures ConceptsnFuturesnFutures ExchangenFutures trading