Margin Trading from A to Z: A Complete Guide to Borrowing, Investing and Regulation - Paperback

by Michael T. Curley (Author)

Margin Trading from A to Z offers a step-by-step explanation of the mechanics of the margin account. Filled with in-depth insights and expert advice, this book uses a hands-on approach to show how a Regulation T Margin Call is arrived at; how it may be answered; and how an account looks once a call is issued and after the call is met. Other items covered by this detailed guide include minimum maintenance requirements, short selling, memorandum accounts, options, hedge funds, and portfolio margining. The book includes quiz questions and a comprehensive exam.

Front Jacket

Trading on margin may be considered a high-risk strategy, but purchasing securities in this manner is nothing more than purchasing securities on credit. And if properly performed, this investment approach can yield significant profits.

While there's risk in any leveraged investment, with knowledge of the product, diversification, and constant monitoring, this risk can be greatly reduced. Certainly, there is nothing new in these concepts, and nobody is more familiar with them than author Michael Curley. With over fifty years of experience in the field of finance--including fifteen years in the banking industry and fifteen years in the brokerage industry--Curley knows what it takes to make it as a successful investor, and now, with Margin Trading from A to Z, he'll show you how.

Margin Trading from A to Z offers a step-by-step explanation of the mechanics of the margin account. Filled with in-depth insights and expert advice, this book uses a hands-on approachto show how a Regulation T margin call is arrived at; how it may be answered; and what an account looks like once a call is issued and after the call is met.

Throughout these pages, you'll quickly become familiar with the essential elements of margin trading and learn how to operate within this dynamic environment. Some of the issues covered by this detailed guide include:

Initial and minimum maintenance requirements

The intricacies of the Special Memorandum Account (SMA)

Margin trading as it relates to short selling, bonds, and options

The opportunities that a Portfolio Margining methodology presents

And much more

Each information-packed chapter also contains challenging quizzes to test your knowledge of each area before you move on. In addition to this, there's a comprehensive fifty-question exam--along with detailed answers--located in the appendix, which presents questions related to the entire book.

There are substantial benefits to trading on margin, but if you're unprepared, you could end up making some very costly mistakes. Written with the serious investor in mind, Margin Trading from A to Z will help you build a solid understanding of this discipline and allow you to take advantage of all it has to offer.

Back Jacket

MARGIN TRADING FROM A TO Z

Trading on margin may be considered a high-risk strategy, but purchasing securities in this manner is nothing more than purchasing securities on credit. And if properly performed, this investment approach can yield significant profits.

While there's risk in any leveraged investment, with knowledge of the product, diversification, and constant monitoring, this risk can be greatly reduced. Certainly, there is nothing new in these concepts, and nobody is more familiar with them than author Michael Curley. With over fifty years of experience in the field of finance--including fifteen years in the banking industry and fifteen years in the brokerage industry--Curley knows what it takes to make it as a successful investor, and now, with Margin Trading from A to Z, he'll show you how.

Margin Trading from A to Z offers a step-by-step explanation of the mechanics of the margin account. Filled with in-depth insights and expert advice, this book uses a hands-on approach to show how a Regulation T margin call is arrived at; how it may be answered; and what an account looks like once a call is issued and after the call is met.

Throughout these pages, you'll quickly become familiar with the essential elements of margin trading and learn how to operate within this dynamic environment. Some of the issues covered by this detailed guide include:

• Initial and minimum maintenance requirements
• The intricacies of the Special Memorandum Account (SMA)
• Margin trading as it relates to short selling, bonds, and options
• The opportunities that a Portfolio Margining methodology presents
• And much more

Author Biography

MICHAEL T. CURLEY has fifty years of experience in the field of finance, including fifteen years in the banking industry and fifteen years in the brokerage industry. He has attained experience as a manager of operations at Citibank, as a vice president of operations at both State Street and Hartford Trust Company of New York, and from work in the Division of Compliance, Finance, and Margin at the New York Stock Exchange. Since 1987, Curley has been a full-time financial trainer and consultant. He currently teaches at the New York Institute of Finance and at the Securities Operations Forum.