Contents
Stock Market Crushes
Markets Are More Than Simply Irrational—They Can Be Mean
Photographic Evidence: Scientific Evidence of Sentiment Predicting Stock Price Changes
Some People Get Rich by Selling High and Buying Low
Photographic Evidence: Predicting Coin Flips
A Hypothesis Masquerading as a Theory
Sell the Fads, Buy the Outcasts
An Instinct for Losing Money
Contents Of Rich Dad, Poor Dad Robert Kiyosaki
Free Download Rich Dad Poor Dad Robert Kiyosaki pdf
Rich Dad, Poor Dad
Lesson One: The Rich Don't Work For Money
Lesson Two:Why Teach Financial Literacy?
Lesson Three: Mind Your Own Business
Lesson Four:The History of and The Power of Corporation
Lesson Five:The Rich Invest Money
Lesson Six:Work to Learn - Don't Work for Money
Overcoming Obstacles
Getting Started
Still Want More? Here are Some To Do
How To Pay for a Child's College Education for $7000
About the Authors-Robert T. Kiyosaki, Sharon L. LechterThere are a variety of ways of determining suitability for futures and options trading. One of the measures is the person's net worth, annual income, and liquid assets.
Before getting into specific evaluation methods, you should understand the difference between futures and options trading. That difference is simply the amount of risk. With futures, the risk is unlimited. The options trader can lose 100 percent of the amount invested, but the amount is known in advance.
If you are in a futures position and the market makes a limit move against your positions, you must immediately meet the margin call if your account does not include excess equity. Also, there could be more than 1 day in a row of limit moves. For example, once the live hogs contract limited down 6 days in a row. The limit move was $600 per day, or $3,600 for those 6 days. If you had 10 positions, it would have been over $36,000 when you include commissions and fees. And this doesn't account for days when the limit might have been extended. Margin calls can be in the millions of dollars.
Buying exchange-traded futures options involves a more defined risk. It equals the amount of the premium for the option and the transaction costs. These latter costs are defined as the broker's commission and fees. (There are NFA, exchange, and FCM fees to be paid on both futures and options trades.) Here, buying options refers to calls or puts. If you write options, you'll have the same risk as a futures trader if the options are exercised. Basically, you are contracting to deliver a futures position.
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