| From Futuresmag.com: The exchange-traded fund (ETF) was introduced into the market in 1993 by State Street Global Advisors and developed by the American Stock Exchange. These financial instruments quickly have become one of the best kept secrets among high-performing traders in recent years.
The individual trader who uses ETFs for trading opportunities has access to a vast market of tradable securities. These include vehicles that reflect baskets of stocks, currencies, metals, commodities while avoiding the volatility of the individual underlying issues.........................................Full Article: Source
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