Courses 1Lesson 1

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C1L1-1

© 2000 MBH Commodity Advisors, Inc.

Jake Bernstein’s

Online Trading Courses

Course #1

Basic Training/

Getting Started

MBH Commodity Advisors 

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 P.O. Box 353 

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 Winnetka, Illinois 60093

Lesson #1

Background of Futures Trading

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C1L1-2

© 2000 MBH Commodity Advisors, Inc.

Course #1

Basic Training/Getting Started

Lesson #1

Background of Futures Trading

Introductory Comments --------------------------------------------------------------------------- 3

Evolution of the Futures Markets ---------------------------------------------------------------- 5

What is Hedging? ---------------------------------------------------------------------------------- 5

Suppose You are a Grain Farmer -------------------------------------------------------------- 5

What are Your Options? ------------------------------------------------------------------------ 6

You Could Win or Lose ------------------------------------------------------------------------ 7