Useful as a primer for those interested in trading commodities. This book serves as a study aid for the National Commodity Futures Exam. It enables the reader to understand the markets and their participants, complete with explanations of trading rules, regulations and terms. Topics include Hedging basics and Clearinghouse operations. View More...
In today's changing political and economic environment, it is increasingly important that companies learn to properly use the various trading instruments to protect themselves against price volatility. Since the first successful energy futures contract was introduced almost a quarter century ago, trading in energy futures and options has played an important role in hedging against fluctuations in the price of petroleum products, crude oil, natural gas, propane, electricity, and most recently, coal. In this 2nd edition of their best-selling primer, authors Errera and Brown explain how exchange ... View More...
Since the collapse of the Soviet Union, Russians have seen the ruble steadily lose ground to alternative means of payment such as barter and privately issued quasi-monies. Industry now collects as much as 70 percent of its receipts in nonmonetary form, leaving many firms with too little cash to pay salaries and taxes. In this ground-breaking book on the Russian economy, David Woodruff argues that Moscow's inability to control the nation's currency is not a carry-over from the Soviet past. Rather, the Russian government has failed to build the administrative capacity and political support deman... View More...
Coffee is traded in one of the few international markets ever subject to effective political regulation. In Open-Economy Politics, Robert Bates explores the origins, the operations, and the collapse of the International Coffee Organization, an international "government of coffee" that was formed in the 1960s. In so doing, he addresses key issues in international political economy and comparative politics, and analyzes the creation of political institutions and their impact on markets. Drawing upon field work in East Africa, Colombia, and Brazil, Bates explores the domestic sources of internati... View More...
Scale trading can be one of the most rewarding and at the same time riskiest methods of trading futures today. This simple yet highly disciplined approach is enjoying increasing popularity among traders. But as is the case with any high-reward strategy, there are correspondingly high risks and incredible stress on traders using this strategy. Understanding Hedged Scale Trading offers traders a way to take advantage of this trading method while dramatically reducing its risk through the judicious use of options. The book explains scale trading from the ground up, but within the context of using... View More...
