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1、International Futures Markets Operation,Evaluation on your Study,1.10%come from usual performance(assignments,attendance and attitude)2.40%come from team work(a presentation on futures market analysis).3.50%come from final exam.,Grading Scale,A90+B80 89C70 79D65 69FBelow 65,Notes,Regular attendance
2、and active participation in class are expected from all students.The“participation”portion of your grade will be based primarily on your performance on quizzes,in-class exercises,and homework assignments.,Other Issues,Academic Dishonesty:Plagiarism and cheating are serious offenses and may be punish
3、ed by failure on the exam,paper;failure in the course;and/or expulsion from University.,What kind of things can you learn from the whole courses in this semester?,First:Guide you to enter the futures market,Chapter 1 The Journey Ahead Chapter 2 Beginning with the BasicsChapter 3 The Modern Futures E
4、xchange,Chapter 4 Life on the Trading FloorChapter 5 The Variety of Futures MarketsChapter 6 Getting Started in Trading Futures,Chapter 7 Futures OptionsChapter 8 Hedging with SpreadsChapter 9 Fundamental AnalysisChapter 10 Technical Analysis:Chart Patterns,Chapter 11 Technical Analysis:Timing Indic
5、ators Chapter 12 Managing Risk Chapter 13 The Psychology of Investing,Some views on futures trading,Futures trading is one of the investment-related vehicles requiring relatively low capital input that offers virtually unlimited profit potential to those with motivation,persistence,and skill.,Some v
6、iews on futures trading,Armed with information,sufficient starting capital,discipline,and time,the average investor can generate large profits.,Some views on futures trading,1.Futures trading is not purely scientific.2.There are no shortcuts or cookbook formulates for success in futures trading.3.On
7、e can lose more than ones original investment or speculative capital in trading the futures markets.,4.There are as many as nine losers for every one winner in the futures markets.5.Lasting success is a function of skill,knowledge,and persistence.,Why Trade Futures?,1.Futures trading offers the inde
8、pendent individual a career that can lead to great wealth2.The futures industry has grown rapidly.,Why Trade Futures?,3.The futures markets are,in many respects,leading economic indicators.4.Learning how to trade futures can help you develop the discipline necessary for success in many other investm
9、ent areas.,Illustrations&Suggestions on The Course,This course will provide you with a basic education in futures trading.If you decide to become a futures trader,remember that futures trading involves the risk of loss as well as the potential for reward.,Illustrations&Suggestions on The Course,Take
10、 notes.Application of the concepts can assist in your understanding and learning.Ask 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 Futures,Chicago Board of Trade CBOT Chicago Mercantile Exchange CME New York F
11、utures Exchange NYFE New York Mercantile Exchange NYMEX,Commodity Exchange,New York COMEX London International Financial Futures Exchange LIFFE London Metal Exchange LME Shanghai Futures Exchange SHFE,Online Futures Brokerage Firms,经易网 金中讯 南华期货网 易发网 世华财网 实达期货,Reference Books,1.Richard J.Teweles,Fran
12、k J.Jones,Edited by Ben Warwick,THE FUTURES GAME.2.Frank J.Fabozzi,Second Edition,INVESTMENT MANAGEMENT.3.Zvi Bodie,Alex Kane,Alan Marcus,Fourth Edition,INVESTMENT.4.John C.Hull,Fourth Edition,Fundamentals of Futures and Options Markets,Reference Books,5.朱国华,褚玦海,期货投资学,上海财经 大学出版社,2006。6.朱国华,褚玦海,期货市场学,上海财经 大学出版社,2004。,Key Words,leverage n.杠杆margin n.保证金discipline n.磨练,Futures Concepts,FuturesFutures ExchangeFutures trading,