The number 1 reference for futures traders everywhere...now updated! This book contains everything you need to know to become a knowledgeable, profitable futures trader starting out in futures. Trading has become renowned for explaining the futures industry to beginners and veterans alike in simple, straightforward language - and giving futures traders the answers they need in one easy-to-use, fingertip reference. This substantially revised edition reflects on the many new forces shaping the industry and carrying futures trading into the new millennium.From how to open an account to the emergence of electronic trading and the Internet, Starting Out In Futures Trading, Sixth Edition, will provide you with market-tested, hands-on information about every important aspect of futures trading, including: choosing a broker; placing an order; agricultural, financial, and stock index futures; margin and leverage; short-selling; globex electronic trading; CRB index futures; fundamental versus technical analysis; seasonality and trading plans; volume and open interest; interest rate arbitrage; commodity hedging; spreads; financial futures; yield curves; and, stock index futures and options.How to place an order, techniques to develop a trading plan, new rules and regulations, Starting Out in Futures Trading, Sixth Edition, leaves no stone unturned in presenting you with an accurate, practical, and up-to-date look inside the world of futures trading. It remains the number-one guide for new traders looking to learn all about the futures market - and the preferred reference for all traders.