Derivative financial instruments allow investors to profit from both rising and falling prices—whether conservatively for hedging or risk reduction, or speculatively for achieving above-average returns. However, the variety of instruments and strategies in the markets requires thorough explanation. This book equips advisors and investors with knowledge about options, warrants, and futures. The authors not only explain the characteristics and functions of each instrument but also the legal requirements for participating in trading. Particularly useful are the strategy tips illustrated with numerous examples. A chapter on fundamental and technical analysis enables reliable assessment of individual securities.