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Category: Commodity Brokers
Whether a person or a firm, a commodity broker is there to help you with your commodity trading needs. They either have a team of commodity traders under them or a platform that they manage electronically.
For all commodity trading beginners, commodity brokers are a point of contact that can be approached with individual commodity trading needs. To do good in commodity trading, it is important to take the advice of the commodity broker seriously. Under this category archive we discuss everything about commodity brokers and their expert skills.
We at Cannon Trading are there to help your commodity trading requirements. Whether you want to consult us and seek advice or to play a more active role for you in the markets, we are there to serve you with the best of our services. It is essential for you to choose only a certified broker and so, you can always trust us when it comes to qualifying on all quality parameters. No matter which commodity interests you, our trading experts give you the right and real-time advice always. Read our archive; share posts with your friends; or bookmark this page to stay up-to-date on commodity brokers.
Weekly Newsletter: The Week Ahead, Bean Oil Hot Market Chart + Trading Levels 11.25.2024
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Cannon Futures Weekly Letter Issue # 1218
In this issue:
- Important Notices – Week Ahead – What to expect
- Holiday Trading Schedule – Thanksgiving Schedule
- Hot Market of the Week – March Coffee
- Trading Levels for Next Week
- Trading Reports for Next Week
Important Notices – Next Week Highlights:
The Week Ahead
By John Thorpe, Senior Broker
503 corporate earnings reports and a number of meaningful Economic data releases.
FOMC Minutes 1:00P.M. Central this upcoming Tuesday!, highlights Thanksgiving week data points. No Fed speakers.
Prominent Earnings this Week:
- Mon. quiet
- Tue. Dell, Crowdstrike
- Wed. quiet
- Thu. Thanksgiving Day Mkts closed
- Fri. quiet
FED SPEECHES:
- Mon. quiet
- Tue. quiet
- Wed. quiet
- Thu. Thanksgiving Day Mkts closed
- Fri. quiet
Economic Data week:
- Mon. Chicago Fed National Activity Index, Dallas Fed Manufacturing Index
- Tues. Bldg Permits, Housing Starts, RedBook, Case Schiller Home PX. Consumer confidence, New Home Sales, Richmond Fed.
- Wed. Core PCER Price index, Durable goods, Initial Jobless claims, Retail Inventories, Chicago PMI.
- Thur. Thanksgiving Day Mkts closed
- Fri. Early closes for the futures markets
Thanksgiving 2024 Holiday Schedule for CME Exchange HoursClick here for the detailed schedule
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- Hot Market of the Week – January Bean Oil
Hot market of the week is provided by QT Market Center, A Swiss army knife charting package that’s not just for Hedgers, Cooperatives and Farmers alike but also for Spread traders, Swing traders and shorter time frame application for intraday traders with a unique proprietary indicator that can be applied to your specific trading needs.
January Bean Oil
January bean oil completed its second upside PriceCount objective this month and corrected lower. Nw, the chart has activated downisde counts also. The first target projects a run to the 40.90 area. It takes a trade below the September reactionary low to formally negate the remaining unmet upside objectives.
PriceCounts – Not about where we’ve been , but where we might be going next!
The PriceCount study is a tool that can help to project the distance of a move in price. The counts are not intended to be an ‘exact’ science but rather offer a target area for the four objectives which are based off the first leg of a move with each subsequent count having a smaller percentage of being achieved. It is normal for the chart to react by correcting or consolidating at an objective and then either resuming its move or reversing trend. Best utilized in conjunction with other technical tools, PriceCounts offer one more way to analyze charts and help to manage your positions and risk. Learn more at www.qtchartoftheday.com
Trading in futures, options, securities, derivatives or OTC products entails significant risks which must be understood prior to trading and may not be appropriate for all investors. Past performance of actual trades or strategies is not necessarily indicative of future results.
Daily Levels for November 25th, 2024
Weekly Levels for the week of November 25th, 2024
Improve Your Trading Skills
Get access to proprietary indicators and trading methods, consult with an experienced broker at 1-800-454-9572.
Explore trading methods. Register Here
* This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts here in contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgement in trading.
Record-Breaking Moves: Bitcoin Soars, Gold Climbs, and Natural Gas Heats Up
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Dec Natural Gas Chart & Trading Levels 11.21.2024
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Movers and Shakers: Geopolitical Tensions, Fed Insights, and NVIDIA Earnings Ahead
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Bitcoin Futures vs. Nano Bitcoin Futures: Exploring Opportunities for Every Trader
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Futures Trader
A futures trader is a professional who buys and sells futures contracts on commodities, financial instruments, and other assets in order to profit from fluctuations in their price. Engaging in futures trading involves significant risk and complexity, but when done right, it can yield considerable rewards. However, to maintain a long-term career in futures trading, a trader must adhere to a set of core principles that promote sustainable growth and risk management. Key principles for longevity in this field include emotional control, adherence to trading plans, disciplined risk management, and an understanding of how to balance opportunity with caution. Futures trading is a demanding profession, and those who approach it without a structured approach often find themselves struggling to maintain consistency.
Emotional Control: The Backbone of Successful Futures Trading
One of the most critical principles for any futures trader is emotional control. The fast-paced nature of trading futures, coupled with the significant leverage available, can make it easy to fall into the traps of fear and greed. Emotional control allows traders to respond to market movements calmly rather than react impulsively, which is essential in avoiding irrational decisions that can lead to losses.
For instance, a futures trader may be tempted to double down on a losing position out of frustration or stubbornness, hoping to recoup losses. However, experienced traders know that emotional decisions are rarely profitable in the long term. Instead, successful futures traders have the discipline to cut losses when needed and avoid revenge trading — the tendency to try and “win back” losses through risky moves. Achieving emotional control is often about creating a mindset that recognizes that losses are a natural part of trading in futures and can be managed with a clear strategy.
While emotional control is vital, it can also conflict with the excitement of seizing opportunities. The futures market often presents fast-moving opportunities, and a futures trader may feel an impulse to “catch the wave” of a sudden price move. However, seasoned traders understand that making emotionally driven decisions rarely yields consistent profits. They approach each opportunity with a clear mind and refrain from overtrading, no matter how tempting it may feel in the moment.
The Role of a Trading Plan: Consistency and Structure
A trading plan is a carefully crafted roadmap that outlines a trader’s strategy, including entry and exit points, stop-loss levels, position sizes, and risk tolerance. For a futures trader, adhering to a trading plan is crucial for maintaining consistency in an environment known for its volatility. A trading plan helps remove the emotional component from decision-making, as it provides clear guidelines on how to react under different market conditions.
One of the most significant challenges that futures traders face is resisting the urge to deviate from their trading plans in pursuit of short-term gains. Trading in futures can sometimes feel unpredictable, and an unexpected market shift may lead traders to stray from their plan to try to capitalize on a sudden price movement. While the allure of quick profits can be strong, a successful futures trader recognizes the importance of sticking to the plan and avoiding impulsive trades that do not align with their long-term objectives.
For example, let’s say a futures trader sees an unexpected market rally that they did not anticipate in their plan. Jumping in impulsively could expose them to excessive risk and result in a significant loss if the market reverses. Instead, a disciplined futures trader will assess the situation and determine if the opportunity aligns with their trading criteria. If not, they will patiently wait for a setup that fits their plan. This adherence to a structured approach not only minimizes unnecessary risks but also helps in building a consistent track record over time.
Risk Management: Avoiding Overleveraging in Futures Trading
Risk management is arguably one of the most important principles for anyone involved in futures trading. Unlike other forms of trading, futures contracts are highly leveraged, allowing a futures trader to control large positions with a relatively small amount of capital. While this leverage can magnify profits, it also significantly increases the potential for losses. Proper risk management involves understanding the potential downside of each trade and implementing safeguards to protect capital.
One of the main ways to manage risk is by avoiding overleveraging. Overleveraging occurs when a trader takes on too large a position relative to their account size, which can lead to substantial losses if the market moves unfavorably. Many futures traders are tempted to overleverage in an attempt to maximize profits, but this approach often leads to a quick depletion of their capital. Instead, experienced traders limit their leverage to a level that allows them to weather market volatility without risking catastrophic losses.
Resisting overleveraging is critical, but it sometimes conflicts with a trader’s desire to take advantage of an attractive opportunity. For instance, if a futures trader identifies what they perceive as a high-probability trade, they may feel compelled to increase their leverage to maximize their gains. However, seasoned traders understand that any single trade carries risk, and overextending oneself on one trade can lead to financial trouble. The most successful futures traders balance their enthusiasm for opportunity with a disciplined approach to leverage, ensuring that they have enough capital to remain in the market for the long haul.
Choosing the Right Broker: The Value of Support and Expertise
While discipline and skill are essential, selecting a reliable futures broker is also a crucial decision for any futures trader. The right broker provides a foundation of support, from trade execution to customer service and technical troubleshooting. Cannon Trading Company, for instance, is known for its decades of experience in the futures markets, and with a 5 out of 5-star rating on TrustPilot, it has established a reputation for reliability and client satisfaction.
Working with a broker like Cannon Trading offers multiple advantages for futures traders trading futures. First, their extensive experience in the futures markets means they understand the nuances and challenges traders face daily. This insight allows them to provide valuable guidance and support, which can be especially beneficial for newer traders who are still learning the complexities of trading futures. Additionally, their high customer service ratings indicate a strong commitment to assisting clients promptly, which can be essential in the fast-paced world of futures trading where platform issues or trade execution delays can have financial consequences.
Cannon Trading’s dedication to customer service and troubleshooting helps traders focus on their strategies without the added stress of technical issues. In futures trading, having a broker who can resolve issues efficiently and provide ongoing support can be the difference between a successful trade and a missed opportunity. Cannon Trading’s ratings reflect their reliability in providing broker assistance, which is invaluable for futures traders who rely on quick access to information and a seamless trading experience.
Continuous Learning and Adaptability in Futures Trading
The futures markets are constantly evolving, with new technologies, strategies, and market conditions emerging regularly. For a futures trader to succeed over the long term, a commitment to continuous learning is essential. This could involve studying market trends, understanding new regulations, or refining trading strategies based on past experiences. A willingness to adapt and evolve as a trader ensures that one remains competitive and avoids becoming complacent.
Additionally, the support of a knowledgeable broker like Cannon Trading Company can aid in this learning process. With their years of experience, they can offer educational resources, insights, and market analysis that are beneficial to traders at all skill levels. Leveraging the resources provided by an experienced broker can help traders stay informed and make more educated decisions.
Balancing Discipline and Opportunity in Futures Trading
The life of a futures trader is a delicate balance between seizing opportunities and maintaining discipline. The desire to capitalize on favorable market conditions is natural, but without the guiding principles of emotional control, adherence to a trading plan, and disciplined risk management, traders may fall into habits that undermine their long-term success. Resisting the temptation to overleverage and choosing a trustworthy broker like Cannon Trading Company can further support a sustainable approach.
Futures trading is not a career suited to impulsive decision-making or excessive risk-taking. Traders who respect the markets, remain vigilant, and continuously refine their strategies have the best chances of success. The journey of a futures trader is marked by patience, adaptability, and a focus on consistent, incremental gains rather than high-stakes risks. By adhering to these core principles and leveraging the support of an experienced broker, traders can pursue a rewarding and sustainable career in the dynamic world of futures trading.
For more information, click here.
Ready to start trading futures? Call us at 1(800)454-9572 – Int’l (310)859-9572 (International), or email info@cannontrading.com to speak with one of our experienced, Series-3 licensed futures brokers and begin your futures trading journey with Cannon Trading Company today.
Disclaimer: Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involve substantial risk of loss and are not suitable for all investors. Past performance is not indicative of future results. Carefully consider if trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.
Important: Trading commodity futures and options involves a substantial risk of loss. The recommendations contained in this article are opinions only and do not guarantee any profits. This article is for educational purposes. Past performances are not necessarily indicative of future results.
This article has been generated with the help of AI Technology and modified for accuracy and compliance.
Follow us on all socials: @cannontrading
S and P 500 Futures Contract
The S and P 500 futures contract, commonly referred to as SPX index futures, is one of the most popular and actively traded stock market index futures. It represents a standardized agreement to buy or sell the value of the S&P 500 Index at a future date. With a focus on the performance of 500 large-cap U.S. companies, the SPX index futures contract serves as a barometer for the broader U.S. economy and is widely used by traders and investors to hedge portfolios or speculate on market direction. In this article, we’ll delve into the significance of the U.S. Presidential election on the S&P 500 futures contract, assess the impact of Trump’s hypothetical win on these futures, and explore the advantages of using a highly rated brokerage firm, Cannon Trading Company, for trading futures.
What Does the U.S. Presidential Election Mean for the S&P 500 Futures Contract?
U.S. Presidential elections significantly impact financial markets, with the S&P 500 and SPX index futures being among the most affected instruments. This is due to the perceived influence that presidential policies can have on the broader economy, specific sectors, and individual corporations. SPX index futures, representing the S&P 500 Index, are particularly sensitive to factors like economic stimulus, corporate taxation, regulatory policies, and trade relations—policies that can shift dramatically depending on which candidate wins the White House.
When a candidate from a business-friendly background, such as Trump, wins an election, it can lead to initial optimism in the stock market and a subsequent rally in S&P 500 futures. This optimism is often fueled by expectations of corporate tax cuts, deregulation, and pro-business policies that could directly boost corporate earnings and drive stock prices higher. On the other hand, uncertainty around foreign policy and global trade dynamics can introduce volatility, impacting SPX index futures as traders try to anticipate the broader implications for multinational corporations.
Historically, a Republican victory has often led to an initial bullish outlook on the SPX index futures due to the traditional pro-business stance associated with the party. However, this impact can vary depending on the incumbent’s unique policy mix, as seen with Trump’s focus on “America First” policies. A win for Trump in the 2024 election, for instance, would likely continue influencing investor sentiment, particularly in industries like manufacturing, energy, and defense, as well as in sectors that rely on reduced regulations.
Pros and Cons of S and P 500 Futures Contracts with Trump’s Victory
Trump’s victory could bring both advantages and disadvantages for S&P 500 futures contracts, creating both opportunities and risks for traders. Here’s a closer look at some potential pros and cons.
Pros
- Potential for Corporate Tax Cuts and Deregulation: One of the most prominent benefits seen from Trump’s previous presidency was his emphasis on reducing corporate taxes and loosening regulatory requirements for businesses. A win for Trump would likely signal similar intentions, potentially boosting the profitability of U.S.-based companies. With higher earnings, stock valuations tend to rise, making SPX index futures attractive to traders who anticipate a bullish market.
- Infrastructure Spending and Job Growth: Trump’s previous initiatives often included ambitious infrastructure spending plans, which he posited would lead to job growth and increased consumer spending. If Trump returns to office, a renewed focus on infrastructure could drive demand across multiple sectors, from construction to technology. This increased economic activity might provide a strong backdrop for the S&P 500 index, pushing SPX index futures higher.
- Market Volatility and Trading Opportunities: Trump’s leadership style has historically brought volatility to financial markets. For active traders in S&P 500 futures contracts, such volatility can present a plethora of trading opportunities, as frequent market swings allow traders to capitalize on both upward and downward movements in SPX index futures.
Cons
- Potential Trade Conflicts and Global Tensions: Trump’s previous term was marked by trade tensions, particularly with China. Renewed trade wars or heightened tariffs could negatively affect multinational companies, especially in sectors like technology, manufacturing, and agriculture. This uncertainty might cause sharp swings in SPX index futures, making it more challenging for traders to accurately predict market directions.
- Uncertain Economic Policies and Fiscal Discipline: The potential for an expansionary fiscal policy focused on government spending might also increase concerns about the national debt. Increased federal spending and potential inflation concerns could contribute to volatility in the bond market, which can trickle into the S&P 500 and SPX index futures. Traders may need to exercise caution in response to fiscal policy announcements and inflation indicators.
- Social and Political Instability: A win for Trump could also bring about societal polarization and potential civil unrest, which may have repercussions in the financial markets. Uncertainty in the political landscape often translates to market volatility, which could create unexpected swings in SPX index futures, challenging risk management for traders.
Why Choose Cannon Trading Company for Trading Futures?
For traders looking to capitalize on SPX index futures, selecting the right brokerage is essential. Cannon Trading Company, with decades of experience in the futures market and a reputation for excellence, has become a go-to option for both novice and seasoned traders. Here are several reasons why Cannon Trading Company stands out as a top choice for trading futures, especially S&P 500 futures contracts.
- Unparalleled Expertise and Experience: Cannon Trading Company has a long-standing history in the futures market, with a team of professionals who understand the intricacies of SPX index futures and other stock market index futures. Their expertise enables them to provide valuable insights, helping traders make informed decisions based on real-time market data, technical analysis, and macroeconomic trends.
- Exceptional Customer Ratings and Trustworthiness: With a perfect 5-star rating on TrustPilot, Cannon Trading has built a solid reputation for client satisfaction. Traders appreciate the company’s transparent and ethical practices, as evidenced by its regulatory compliance record. This trustworthiness is critical for futures traders who need confidence in their broker, especially when trading high-stakes instruments like SPX index futures.
- Advanced Trading Platforms and Resources: Cannon Trading Company offers a wide array of trading platforms that cater to various trading styles and experience levels. Their platforms come equipped with sophisticated charting tools, analytical resources, and real-time data, allowing traders to stay updated on the performance of SPX index futures and other contracts. For example, their trading platforms offer advanced risk management features, allowing traders to set parameters that help protect against unexpected market swings.
- Personalized Support and Education: The brokerage’s team goes above and beyond to support its clients, offering personalized guidance tailored to each trader’s goals and risk tolerance. For traders new to SPX index futures, Cannon Trading provides educational resources and training, helping them develop strategies suited to their trading style. This level of support can make a significant difference, especially during volatile periods.
- Wide Range of Trading Instruments: Besides SPX index futures, Cannon Trading offers access to a variety of other stock market index futures, commodities, and options. This wide range enables traders to diversify their portfolios and explore different sectors, all while enjoying the convenience of trading with a single brokerage.
The Importance of SPX Index Futures for Traders
SPX index futures play a crucial role in financial markets by providing a way for traders to hedge against or speculate on the future direction of the S&P 500. These futures contracts enable traders to take advantage of market movements without needing to own individual stocks. This feature is particularly beneficial during periods of political uncertainty or economic volatility, as traders can quickly pivot their positions in response to changing market conditions.
Trading futures like the SPX index futures also offers advantages in terms of leverage, as traders only need to deposit a fraction of the contract’s value as collateral. This leverage allows traders to magnify their potential returns, though it also increases the risk, underscoring the importance of proper risk management and using a reputable brokerage like Cannon Trading Company.
The outcome of the U.S. Presidential election can have a profound impact on financial markets, especially on instruments like the S&P 500 futures contract, or SPX index futures. A Trump victory would likely bring renewed attention to pro-business policies, but it could also introduce additional volatility stemming from trade tensions, fiscal policy shifts, and political polarization. For traders, these dynamics underscore the importance of choosing a reliable and experienced brokerage.
Cannon Trading Company, with its decades of experience, high customer ratings on TrustPilot, and robust regulatory reputation, stands out as a top choice for trading futures. With personalized support, advanced trading platforms, and a commitment to transparency, Cannon Trading empowers traders to navigate the complex world of SPX index futures. For those looking to capitalize on the opportunities within the S&P 500 futures contract, a trusted brokerage like Cannon Trading can make all the difference in achieving trading success.
In a dynamic market landscape influenced by political events, having a solid foundation in SPX index futures and a supportive brokerage like Cannon Trading Company can provide traders with the tools and insights needed to make informed and strategic trades.
For more information, click here.
Ready to start trading futures? Call us at 1(800)454-9572 – Int’l (310)859-9572 (International), or email info@cannontrading.com to speak with one of our experienced, Series-3 licensed futures brokers and begin your futures trading journey with Cannon Trading Company today.
Disclaimer: Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involve substantial risk of loss and are not suitable for all investors. Past performance is not indicative of future results. Carefully consider if trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.
Important: Trading commodity futures and options involves a substantial risk of loss. The recommendations contained in this article are opinions only and do not guarantee any profits. This article is for educational purposes. Past performances are not necessarily indicative of future results.
This article has been generated with the help of AI Technology and modified for accuracy and compliance.
Follow us on all socials: @cannontrading
Face the Pros: Test Your Skills in a Simulated Trading Challenge
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Inflation Uptick and Bitcoin’s Surge: Navigating New Highs in Crypto and CPI
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