Nếu hàng hóa di chuyển trong bước khóa, sau đó gia súc sống và thị trường cà phê sẽ được trải qua những cuộc biểu tình tương tự như dầu thô và vàng. Nhưng họ làm không phải vì thị trường là rất nhiều sắc thái hơn. Luôn luôn giữ này | Chapter 8 Understanding How Commodities Exchanges Work 131 Before you go and purchase equity stock in one of the commodity exchanges make sure you perform a thorough analysis of the stock and the company fundamentals. A stock will never go up in a straight arrow it always retreats before making new highs. Sometimes it doesn t make new highs at all. I recommend you follow a stock on paper that is follow its movements without actually owning the stock for a period of at least two weeks. That way you can get a feel for how the stock moves with the rest of the market. This will allow you to pinpoint the right entry and exit points. Table 8-4 lists some of the commodity exchanges that recently have gone public. Table 8-4 Exchanges Gone Public Exchange Name Ticker Listed in IPO Date IPO Price Chicago Mercantile Exchange CME NYSE Dec 2002 Chicago Board of Trade BOT NYSE Oct 2005 Intercontinental Exchange ICE NYSE Nov 2005 If you re interested in profiting from the popularity of commodity exchanges a unique way to do so is to purchase equity in these exchanges directly. The benefit is that you get to capitalize on the growing commodity trend without actually having to buy commodity exchange-traded products 132 Part II Getting Started__ Chapter 9 Back to the Future Getting a Grip on Futures and Options Jn This Chapter Figuring out futures contracts Trading on margin Identifying market movements Deciphering options contracts ome investors think that futures and options and commodities are basically the same thing but this is not the case. Commodities are a class of assets that includes energy metals agricultural products and similar items. Futures and options are investment vehicles through which you can invest in commodities. Think of it this way If commodities were a place futures and options would be the vehicle you use to get there. In addition to commodities futures and options also allow you
