Trading Futures

This course is all about trading but it is not a course on how to trade nor how to make money as a trader. Participants gain a tradng perspective of futures contracts from the point of view of both speculator and hedger. The objective is to equip the student with specific tools and skills regarding these finanial products that potentially they can apply to their own trading or professional employment opportunities.

No sessions currently available. Contact client services to get the next available date.
CPE CREDITS
5.0
Sales professionals, trading assistants, hedge management professionals, compliance and audit professionals, anyone considering a career as a trader or making investment decisions using futures contracts. Anyone looking to make a career in the futures and options industry.
No advance preparation required.
Ideally participants should have a good working knowledge of the futures industry from either practical experience or from such NYIF courses sucy as Principles of Futures and Forwards and Futures.
The Three Unique Reasons Using Futures Markets
  • Speculation
  • Hedging
  • Investing

Speculation

  • Are you suitable for futures trading?
  • Understanding leverage
  • Cnsider your timeframe
  • Need for a Trading Plan:
  • Difference between a trading plan and a trading system
  • Why traders lose money

Hedging

  • Basic elements
  • Understanding basis
  • Long Hedge Illustration:
  • stock index futures
  • Short hedge:
  • cattle futures
  • currency futures
  • Accounting and Taxation
  • Considerations of corporate senior managment

Managed Futures

  • the 4th asset class
  • funds, pool and individual accounts
  • futures vs ETFs

Options on Futures

  • Bullish-to-Bearish strategies spectrum
  • Risk and Reward: speculator's point of view
  • Options and the hedging function

Back to Speculation: Spreads

  • Cash/Futures price relationship:
  • Contango and Backwardation
  • Carrying charges
  • 4 types of spreads
  • Why traders use spreads

Analysis

  • Fundamental
  • Technical
  • Behavioral

Your Rights and Obligations as a Client of a Brokerage Firm

  • The account opening process
  • What you should know before you turn your funds over to someone
  • Where do you seek help if you think you were harmed or have a complaint

Trading as a Business

  • Managing your own money:
  • Building a Business Model
  • Commissions
  • Taxation:
  • Section 1256 vs Section 475
  • What you need to know before you decide you want to manage other peoples' money

Lunch is included for all students taking day classes.