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Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!
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What a wild ride in the Bitcoin contract specifically and the cryptocurrencies in general.
Below you can see a 60 minutes chart on the XBT, the CBOE contract ( traded over 15,000 contracts today!!)
More on bitcoin futures:
The weekend of December 16-17, 2017 saw new highs in the bitcoin futures index. Is it a bubble? CNN’s Daniel Shane said bitcoin futures trading “just got a whole lot bigger.” As the bubble got bigger, the warnings got louder.
The involvement of top financial institutions in the bitcoin market underscores its growing mainstream acceptance even as government officials, business leaders, and economists continue to warn people against investing in it. -Daniel Shane
Bitcoin value dropped about $1,000 between December 16-17, and bitcoin cash soared to a record high then lost half its value within that 24-hour period. Taking an average from several exchanges, CME bitcoins futures index must be traded in blocks of five. Opening trades in bitcoin futures on a reputable exchange could calm the nervous bitcoin value volatility. The New York Nasdaq is anticipated to offer bitcoin futures trading in 2018.
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Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!
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Dear Traders,
Christmas Holiday trading Schedule is now available!
Bitcoin updates:
The CBOE 1 bitcoin contract been trading a full week. The CBOE contract represents one bitcoin while the CME contract represents 5 bitcoins.
We saw approx. 4250 contracts traded on the January contract of the CBOE today.
We saw approx. 1076 contracts traded on the January contract of the CME today, the contract’s first day.
Open an Account to Trade Bitcoin Futures:
In Order to Trade bitcoin futures and other commodity futures, please complete the following online application and fund the account with $10,000 min. to trade CBOE and $50,000 min. to trade the CME contract.
If you already have an account with us, please communicate with your broker to make sure you are set up to trade these contracts, discuss risks and more.
Here’s the link to the on-line account application (takes about 15-20 mins.)
Generally, application approval usually takes a day or two, if it is an urgent set-up, we should be able to get you up and running within a day.
If you have ANY questions, feel free to call, chat or contact us!
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Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!
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Dear Traders,
March is now the FRONT MONTH for all e-mini contracts. March is H8
so YMH8 is the March mini Dow futures
Bitcoin updates:
The CBOE 1 bitcoin contract been trading almost a full week. The CBOE contract represents one bitcoin while the CME contract set to launch this coming Sunday evening controls 5 bitcoins.
We saw approx. 1200 contracts traded on the January contract of the CBOE today.
The contract is very volatile and the bid-ask spread is still wide.
Open an Account to Trade Bitcoin Futures:
In Order to Trade bitcoin futures and other commodity futures, please complete the following online application and fund the account with the minimums listed above.
If you already have an account with us, please communicate with your broker to make sure you are set up to trade these contracts, discuss risks and more.
Here’s the link to the on-line account application (takes about 15-20 mins.)
Generally, application approval usually takes a day or two, if it is an urgent set-up, we should be able to get you up and running within a day.
If you have ANY questions, feel free to call, chat or contact us!
Open an Account to Trade Bitcoin Futures:
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Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!
____________________________________________________________________
Dear Traders,
March is now the FRONT MONTH for all e-mini contracts. March is H8
so YMH8 is the March mini Dow futures
Market Movers: December 12 Crop Report
Industry experts Dave Hightower, of The Hightower Report, and Virginia McGathey, President of McGathey Commodities, preview the December 12 USDA report discussing corn and soybean yields in advance of its publication.
Bitcoin updates:
The CBOE 1 bitcoin contract launched last night in what I consider a relatively successful first day. The CBOE contract controls one bitcoin while the CME contract set to launch this coming Sunday evening controls 5 bitcoins.
We saw approx. 4000 contracts traded on the January contract of the CBOE with a high of 18850 and a low of 15,000 ( where the market opened…) The contract is very volatile and the bid-ask spread is still wide.
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Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!
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Dear Traders,
Bitcoin: Will Stunning Rally Sustain or Sour in 2018?
Our previous article on bitcoin focused on the crypto asset as a currency and delved into the inherent tension in its role as a medium of exchange and a store of value. This paper examines why bitcoin is so volatile; its supply and demand drivers, and how the cryptocurrency compares to commodities.
What is most striking about the economics of bitcoin is the certainty of its supply and the vagaries of demand. The rate at which bitcoin is mined has been highly predictable and unlike almost any other asset – currencies or commodities – its ultimate supply is a known quantity, fixed well in advance. There will never be more than 21 million bitcoins. This feature makes supply almost perfectly inelastic. No matter how high prices go, miners will not produce more than 21 million coins. Moreover, price increases won’t necessarily incentivize a more rapid mining of bitcoin. Even if they did, it would only influence miners to create more bitcoin today at the expense of creating less in the future since the total supply will reach a hard, asymptotic limit of 21 million coins…..Read the Rest
The New Account Application
In Order to Trade bitcoin futures and other commodity futures, please complete the following online application and fund the account with the minimums listed above
Here’s the link to the on-line account application (takes about 15-20 mins.)
Generally, application approval usually takes a day or two, if it is an urgent set-up, we should be able to get you up and running within a day.
If you have ANY questions, feel free to call, chat or contact us!
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Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!
____________________________________________________________________
Dear Traders,
TRADE SMART / BASE TRADING ON ACTUALS ONLY — for the current rankings as well as actual performance of trading systems traded at Cannon click here .
Cannon Trading Co, Inc. is registered with the CFTC and a member of the NFA.
Last but not least…Bitcoin futures updates
CBOE to launch bitcoin futures on Dec. 10th. This will be the “mini” contract, controlling one bitcoin. We will offer access via most platforms hopefully as early as Monday Dec. 11th pending successful testing.
CME will launch its bitcoin contract on Dec. 17th ( Sunday night). This contract will control 5 bitcoins. Currently margin for large contract set approx. at $20k and for the mini at $5k.
I would highly recommend to use patience and observe trading, liquidity, bid-ask spread and more for a few days before jumping in, especially if you are on the “greener side of futures” or not well capitalized. We are here to share feedback, talk and try to help in any way we can.
You should be able to trade, day trade and trade options on bitcoin futures as long as you have the proper margin in the account.
Here is more specifically regarding the CBOE bitcoin contract. This applies for users of our E-Futures Int’l platform. Users of other platforms, please consult with your broker.
The CBOE will launch the Bitcoin Futures contract December 10, 2017. The following link is to the CBOE Bitcoin information page http://cfe.cboe.com/cfe-products/xbt-cboe-bitcoin-futures?utm_campaign=bitcoin-futures&utm_medium=vanity-url&utm_source=na We will be offering the CBOE Bitcoin via our platform, however, until live data is provided, the contract cannot be fully tested and proper due diligence performed, therefore, there will be a slightly delay in offering. We do expect the contract to be tested and available within the first few days of trading. We will keep you updated on the availability.
The CBOE has set initial margin at 44% of the current daily settlement price:
Yesterday’s bitcoin Settlement Price = $11,595.00
Price Fluctuation = $1.00 per Bitcoin
Contract Value = $11,595.00
Initial Margin = $5,101.80
As this is a new contract, with a highly volatile underlying contract, We will initially be setting the following Margin Requirements:
Day Trade Margins 7:00am CT – 4:00pm CT – 100% of Exchange Initial Margin
Overnight Margins 5:00pm CT – 7:00am CT – 125% of Exchange Initial Margin
We will keep you updated on any changes or developments.
If you don’t have an account set up with us, all you need to do is fill out the online application get the account approved, fund the account, practice in demo mode to get familiar with the platform and everything I wrote above will apply to you….
If you have ANY questions, feel free to call, chat or contact us!
Continue reading “More on bitcoin futures! and Futures Trading levels for 12.07.2017”
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Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!
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Dear Traders,
Front month for Silver and most grains is now March.
Front month for gold is now February.
Front month for bonds and other interest futures is now March 2018.
Last but not least…How to open a Bitcoin futures trading account:
We got calls and inquiries about trading Bitcoin futures.
If you already have an account with us, you simply need to make sure it is active and funded and as soon as the CFTC approves the new product and CME launches trading, we will update the trading platforms and you will be able to trade Bitcoin futures.
Keep in mind that we are still waiting for information regarding margins/day trading margins etc.
You should be able to trade, day trade and trade options on bitcoin futures as long as you have the proper margin in the account.
We are “guestemating ” that overnight margins will be around $20,000 and that daytrading margins will be somewhere between $2500 to $10,000. This is a rough estimate and we will know more once CFTC approval goes through.
If you don’t have an account set up with us, all you need to do is fill out the online application get the account approved, fund the account, practice in demo mode to get familiar with the platform and everything I wrote above will apply to you….
If you have ANY questions, feel free to call, chat or contact us!
Continue reading “Open a Bitcoin Futures Trading Account! Trading Levels for 12.06.2017”
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Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!
____________________________________________________________________
Dear Traders,
Front month for Silver and most grains is now March.
Front month for gold is now February.
Front month for bonds and other interest futures is now March 2018.
Today was the last trading day of the month and we witnessed some high volatility in crude, gold, coffee to name a few. Take notes in your journal and keep in mind that the first trading day of the month can also be volatile….
Last but not least…How to open a Bitcoin futures trading account:
We got calls and inquiries about trading Bitcoin futures.
If you already have an account with us, you simply need to make sure it is active and funded and as soon as the CFTC approves the new product and CME launches trading, we will update the trading platforms and you will be able to trade Bitcoin futures.
Keep in mind that we are still waiting for information regarding margins/day trading margins etc.
You should be able to trade, day trade and trade options on bitcoin futures as long as you have the proper margin in the account.
We are “guestemating ” that overnight margins will be around $20,000 and that daytrading margins will be somewhere between $2500 to $10,000. This is a rough estimate and we will know more once CFTC approval goes through.
If you don’t have an account set up with us, all you need to do is fill out the online application get the account approved, fund the account, practice in demo mode to get familiar with the platform and everything I wrote above will apply to you….
If you have ANY questions, feel free to call, chat or contact us!
Continue reading “Open a Bitcoin futures trading account! and Futures Trading levels for 12.01.2017”
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Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!
____________________________________________________________________
Dear Traders,
Front month for Silver and most grains is now March.
Front month for gold is now February.
Front month for bonds and other interest futures is now March 2018.
A good article about the future of Bitcoin for your reading pleasure!
The future of bitcoin is Bitcoin futures!
Continue reading “The future of bitcoin is bitcoin futures + Futures Trading levels for 11.29.2017”
