The Complete Guide to Futures Trading

The Complete Guide to Futures TradingWhat You Need to Know about the Risks and RewardsREFCO PRIVATECLIENT GROUPJohn Wiley & Sons, Complete Guide to Futures TradingThe Complete Guide to Futures TradingWhat You Need to Know about the Risks and RewardsREFCO PRIVATECLIENT GROUPJohn Wiley & Sons, 2005 by Refco Private Client Group. All rights by John Wiley & Sons, Inc., Hoboken, New simultaneously in part of this publication may be reproduced, stored in a retrieval system, or transmitted in any formor by any means, electronic, mechanical, photocopying, recording, scanning, or otherwise, except aspermitted under Section 107 or 108 of the 1976 United States Copyright Act, without either the priorwritten permission of the Publisher, or authorization through payment of the appropriate per-copy fee to the Copyright Clearance Center, 222 Rosewood Drive, Danvers, MA 01923, 978-750-8400, fax 978-646-8600, or on the web at Requests to the Publisher for permissionshould be addressed to the Permissions Department, John Wiley & Sons, Inc.

CHAPTER 5 Using an Auto-Executing Trading System 83. Herb Kral. ... can serve as an expert advisor to help you make informed decisions ... and prepare individuals to begin using futures as a trading or investment tool in a responsible manner. The products are highly leveraged and marked to the market daily. Thus, the industry is well-

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