贵金属投资技术分析英文版 (18)(精品·公开课件).pptVIP

Prospective Investor @ Pakistan Mercantile Exchange Limited Contents Welcome Risks in Trading Futures Introduction to Futures PMEX Highlights PMEX Business Model How to Trade at PMEX Investor Safeguards Demo Risks in Trading Futures Should You Trade Commodity Futures? Trading commodity futures is not for everyone. It can be a volatile and risky business. Before you invest any money in futures contracts, you should: Consider your financial experience, goals, and financial resources Understand commodity futures contracts and your obligations before entering the market Be aware that you can lose more than your initial investment Only take risk for the amount that you can afford to lose Understand your exposure to risk and other aspects of trading by thoroughly reviewing the risk disclosure documents your broker is required to provide you Can I lose Money Trading Futures? Yes, if you are reckless Lax controls, poor corporate governance, over confidence, hoping to recover through taking an even bigger position, etc. But it is not Rocket Science Proper Understanding and Respect of Risk can ensure losses are contained and gains are preserved Introduction to Derivatives Who Participates in Futures Markets? Meets the needs of three groups: Those who wish to discover information about future prices of commodities (suppliers such as farmers) - Natural Longs Users intermediaries – Natural Shorts Those who wish to invest (investors) and have a view – extremely important as they provide liquidity and depth to the market Investors are essential for the market Futures Perspectives Gains (Losses) for longs are offset by equal losses (gains) for shorts Counterparties in Futures are involved in a zero sum game - for every winner there is an offsetting loser Futures exchanges counter excessive speculation and concentration through position limits Clearinghouse runs a perfectly matched book and does not take positions in the market A common fallacy - h