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Category: Future Trading News

As a high risk trading type, futures trading is not for someone who is faint-hearted. Though there are a number of different ways of investing in futures , it is important to stick to what you know. Treading into unknown waters is not something that you should do when dealing in futures.

From managing margins to ordering trades to doing market analysis and more if you want to, you can do that all by yourself – but you may betaking double the risk. Therefore, when trading in futures, it may be better to seek advice from a professional trader.

Professional trading experts at Cannon Trading can help you with your futures trading. We are also there to keep you updated with the latest on futures trading and market news. All the news and latest articles on futures trading are published on our site under the category Archive Futures Trading News, which you are currently browsing through. Read more and the latest here and keep updated.

Navigating the World of Futures Trading: History, Reasons, and the Role of AI

Posted on by Cannon Operations

Read more about trading futures with Cannon Trading Company here.

Futures trading, a cornerstone of the global financial markets, has a rich history and plays a pivotal role in today’s economic landscape. This comprehensive exploration of futures trading delves into its historical roots, the compelling reasons to engage in it, the contemporary futures market, and the emerging influence of Artificial Intelligence (AI) in futures trading.

The History of Futures Trading

Futures Trading

Futures trading, although complex in its modern form, has roots dating back to ancient civilizations. It evolved from simple agreements among farmers and merchants to secure future prices for agricultural produce. The concept of trading future contracts began in 17th-century Japan with the creation of rice futures. However, the formalization of futures trading came much later.

  1. The Emergence of Futures Markets: The 19th century saw the establishment of formal futures markets in the United States. Chicago emerged as a hub for futures trading, primarily in agricultural commodities such as wheat and corn. This period marked the birth of organized futures exchanges, with the Chicago Board of Trade (CBOT) founded in 1848 and the Chicago Mercantile Exchange (CME) in 1898.
  2. Commodities and Beyond: Initially centered around agricultural commodities, futures trading expanded to include metals, energy products, currencies, and financial instruments. The ability to hedge against price fluctuations made futures trading attractive to a broader range of participants.

Why Trade Futures

Trading futures offers several compelling reasons, attracting a diverse group of participants, from individual traders to institutions. Here are some key motivations:

  1. Risk Management and Hedging: One of the primary purposes of futures trading is risk mitigation. Producers, consumers, and investors use futures contracts to hedge against adverse price movements. For instance, a wheat farmer can lock in a future selling price to protect against price declines.
  2. Liquidity and Leverage: Futures markets are highly liquid, making it easy to enter and exit positions. Moreover, traders can access substantial leverage, amplifying their trading capital and profit potential.
  3. Diversification: Futures markets encompass a wide range of assets, from agricultural commodities like soybeans to financial instruments like stock index futures. This diversity allows traders to build diversified portfolios and spread risk.
  4. Speculation: Futures trading is not limited to hedgers; speculators play a vital role too. They seek to profit from price fluctuations by taking positions based on market analysis and predictions.
  5. 24-Hour Trading: Unlike traditional stock markets, futures markets operate around the clock, providing opportunities for global traders to react to news and events at any time.

Futures Trading in the Current Era

The landscape of futures trading has evolved significantly in the modern era, reflecting advances in technology, changes in market dynamics, and shifts in economic priorities.

  1. Technology and Electronic Trading: The advent of electronic trading platforms has revolutionized futures markets. It has democratized access, reduced transaction costs, and increased market efficiency. Traders can execute orders with ease, and real-time data and analysis tools are readily available.
  2. Financialization: Futures markets have seen increased financialization, with financial institutions and investment funds actively participating. This has led to higher trading volumes and greater market complexity.
  3. Globalization: Futures markets have become interconnected on a global scale. Investors can trade futures contracts on assets from different countries and regions, offering enhanced diversification opportunities.
  4. Commodity Super Cycle: Periods of commodity super cycles have influenced futures markets. These cycles are characterized by extended periods of rising commodity prices, often driven by factors like emerging market demand and supply constraints.
  5. Algorithmic Trading: Algorithms and high-frequency trading have become prevalent in futures markets. They execute trades at lightning speed, seeking to capitalize on small price differentials.

Futures Trading with AI

As technology continues to advance, AI is becoming increasingly integrated into futures trading. Here’s how AI is impacting the futures market:

  1. Algorithmic Strategies: AI-driven algorithms are used to develop trading strategies that can analyze vast amounts of data, identify patterns, and execute trades with precision. Machine learning models adapt to changing market conditions, making them effective in dynamic futures markets.
  2. Risk Management: AI tools are employed for risk assessment and management. AI can assess market conditions in real-time and automatically execute risk mitigation measures, such as stop-loss orders, to protect traders’ capital.
  3. Predictive Analytics: AI algorithms can predict market movements based on historical data and current events. This aids traders in making informed decisions and optimizing their positions.
  4. Market Sentiment Analysis: AI-powered sentiment analysis tools scour news and social media to gauge market sentiment. Traders can use this information to anticipate market movements and respond accordingly.
  5. Automated Trading: AI enables fully automated trading, where algorithms execute trades without human intervention. This approach is particularly popular in high-frequency trading strategies.
  6. Portfolio Optimization: AI can assist in portfolio management by optimizing asset allocation and risk management strategies to maximize returns while minimizing risk.

Futures trading has come a long way from its humble origins as a means for farmers and merchants to secure future prices. Today, it encompasses a wide range of assets, from agricultural commodities to financial instruments, and serves diverse purposes, including hedging, speculation, and portfolio diversification.

In the current era, electronic trading, financialization, globalization, and algorithmic strategies have transformed futures markets. AI, with its ability to analyze vast amounts of data, adapt to changing market conditions, and execute trades with precision, is poised to play a significant role in the future of futures trading. As technology continues to advance, traders and investors are likely to leverage AI to gain a competitive edge in the ever-evolving world of futures trading.

Futures trading remains a vital component of the global financial system, offering opportunities for risk management, profit generation, and portfolio diversification. With AI on the horizon, the future of futures trading holds promise for both individual traders and institutional participants looking to navigate the complex world of commodities and financial futures.

Ready to start trading futures? Call 1(800)454-9572 and speak to one of our experienced, Series-3 licensed futures brokers and start your futures trading journey with Cannon Trading Company today.

Disclaimer – Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  Past performance is not indicative of future results. You should carefully consider whether 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.

 

Crude Drops over $4.50! + Futures Trading Levels for Oct. 5th

Posted on by Ilan
Get Real Time updates and more on our private FB group!

What you need to know for the last two trading days of the week

 By Mark O’Brien, Senior Broker

 

General: 

As yesterday’s price action in stock index and interest rate futures demonstrated, there are times when good data is bad news.  Yesterday, after three consecutive months of falling numbers, the Labor Department reported that there were 9.6 million job openings in the month of August in its Job Openings and Labor Turnover Survey, commonly referred to by its acronym: JOLTS.

 

Job openings have been slowly declining for the last 16-17 months from their April ’22 highs near 12 million – likely to the nod of approval by the Federal Reserve as it has raised rates in part to reduce labor demand in its efforts to cool the economy.  A larger-than-expected increase like August’s numbers helps make the prospect of further interest rate hikes less likely to be taken off the table, despite the Fed’s pause at the last meeting.

 

The JOLTS rebound also increases the scrutiny this Friday’s non-farm payrolls numbers will receive from traders.  Already, the E-mini S&P 500 has slipped ±400 points – a $20,000 per contract move – since its late-July push up to 4685, including yesterday’s 1.4% hit.

 

Energy: 

 

Last Wednesday, during the early hours of the Thursday session – so, technically just four trading sessions ago – November crude oil traded briefly over $95 per barrel.  This after a ±$3.50 per barrel advance above $94.00 per barrel during Wednesday’s session.  As of this typing, crude oil is in the throes of a ± $5.00 / 5.6% correction and within pennies of trading to $84 per barrel: an $11,000 per contract move.  Along side it, November heating oil corrected ±32 cents per gallon, a ±$13,400 per contract move.

 

Helping today’s sell-off was yesterday’s American Petroleum Institute report showing stocks at the Cushing, Oklahoma hub – where West Texas oil futures deliveries are processed – had increased for the first time in eight weeks.  Likely because no surprises accompanied the announcement, crude took the news in stride that Saudi Arabia and Russia announced that the voluntary production cuts currently in place will remain until the end of the year as planned, despite recent higher prices.

 

Softs: 

 

New all-time highs in orange juice futures just keep coming.  Last month, November orange juice futures gained another ±37 cent per pound – a ±$2,550 per contract move – to trade over $3.50 per pound.  Ongoing disease called citrus greening has damaged upwards of 75% of Florida’s orange crop.

 

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Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether 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 when it comes to Futures Trading.

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Futures Trading Levels

10-05-2023

#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

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Improve Your Trading Skills

Get access to proprietary indicators and trading methods, consult with an experienced broker
 1-800-454-9572 Explore trading methods. Register Here


Economic Reports, Source: 

Forexfactory.com

 

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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.

ISM, ADP, PPI and more! + Futures Trading Levels for Oct. 4th

Posted on by Ilan
Get Real Time updates and more on our private FB group!

Tomorrow traders need to pay attention to multiple reports, fed members speaking and more!

Should be a busy day across the board, make sure to know which reports are coming and what time, scroll down to see reports and times!

 

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Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether 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 when it comes to Futures Trading.

3b644da2 2bee 4d39 8d98 5208a20bec39

Futures Trading Levels

10-04-2023

#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

 

a6af728f 00e0 4003 988b d2234f5ccfc0

 

Improve Your Trading Skills

Get access to proprietary indicators and trading methods, consult with an experienced broker
 1-800-454-9572 Explore trading methods. Register Here


Economic Reports, Source: 

Forexfactory.com

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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.

The Week Ahead Outlook + Futures Trading Levels for Oct. 3rd

Posted on by Ilan
Get Real Time updates and more on our private FB group!

The Week Ahead….Labor, Labor and More Labor….

By Senior Broker, John Thorpe

Labor, Labor, Labor Critical to the outlook for monetary policy is how the cooling in the labor market is shaping up or rather cooling down. This week is a heavy data week about the U.S. Labor market. remaining days with a Labor data set to be released. First, Tuesday morning at 9:00a.m. Central time, the August J.O.L.T.S Job Openings and Labor Turnover report will be released. Conditions are expected to reflect low unemployment rates and a moderate number of job openings.

Wednesday @ 7:15 CDT the ADP National Employment report, expectations here are for private payrolls to expand but at a slower pace than in previous reports. Thursday the Challenger report will be released @ 6:30 CDT . layoffs are expected here but could actually show hiring plans consistent with strong consumer spending expectations over the holiday shopping season. Also, on Thursday ,Initial jobless claims for the week ended September 30 at 7:30 CDT will probably remain in line with recent weeks.  Finally, the Big one on Friday morning @ 7:30 am CDT Non Farm Payrolls. ..an increase of 160,000 jobs are expected. From Econoday.com they say this ” Historically, the September employment numbers strongly tend to come in below forecast, but also strongly tend to subsequently see an upward revision. Should the September change in nonfarm payrolls be a disappointment, it would be well to wait for the next month’s report before concluding that the labor market is softening more than previously thought.”

 

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Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether 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 when it comes to Futures Trading.

3b644da2 2bee 4d39 8d98 5208a20bec39

Futures Trading Levels

10-03-2023

#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

d40a3398 72e5 4a59 836b 1bb9a30cc6da

 

Improve Your Trading Skills

Get access to proprietary indicators and trading methods, consult with an experienced broker
 1-800-454-9572 Explore trading methods. Register Here


Economic Reports, Source: 

Forexfactory.com

 

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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.

Exploring a Multitude of Futures Trading Platforms at Cannon Trading

Posted on by Cannon Operations

Read more about futures trading platforms offered by Cannon Trading Company here.

Futures trading platforms have evolved significantly over the years, offering traders a plethora of options to cater to their specific needs. Cannon Trading, a prominent brokerage firm, recognizes the importance of providing a wide array of futures trading platforms to its clients. In this comprehensive overview, we will delve into the various futures trading platforms available at Cannon Trading, offering traders a comprehensive understanding of their options.

Futures Trading Platforms

Sierra Charts
Sierra Charts is a renowned name in the futures trading industry. It is highly regarded for its advanced technical analysis tools, customizable charting options, and extensive historical data. Traders can execute orders, perform technical analysis, and backtest strategies efficiently with Sierra Charts.

Cannon Pro (Mac Compatible)
Cannon Pro is designed for Mac users, ensuring that traders using Apple devices have access to a powerful trading platform. It offers real-time market data, advanced charting tools, and order execution capabilities.

Volumetrica Trading
Volumetrica Trading is a specialized platform for traders focused on order flow and volume analysis. It provides detailed insights into market dynamics, helping traders make informed decisions based on order book data.

MultiCharts
MultiCharts is a popular trading platform known for its extensive back testing and automated trading capabilities. It supports multiple data feeds and brokers, making it a versatile choice for traders.

Tradingview
Tradingview is a web-based platform that offers advanced charting and social networking features. Traders can share ideas, collaborate with others, and access a wide range of technical indicators and drawing tools.

Overcharts
Overcharts is a user-friendly platform known for its intuitive design and advanced charting capabilities. It provides access to various data sources and features seamless order execution.

Bookmap
Bookmap is a unique platform that visualizes order book data in a clear and insightful manner. Traders can analyze market liquidity and order flow to make precise trading decisions.

MarketDelta
MarketDelta is designed for traders who focus on order flow analysis. It offers tools to track market profile, volume, and Delta, providing valuable insights into market sentiment.

MotiveWave (Mac Compatible)
MotiveWave is a Mac-compatible trading platform known for its advanced technical analysis tools, Elliott Wave analysis, and options trading capabilities.

Trade Navigator
Trade Navigator is a comprehensive platform that offers real-time data, advanced charting, and customizable indicators. It is suitable for both novice and experienced traders.

MT5 (MetaTrader 5)
MetaTrader 5, commonly known as MT5, is a versatile platform that supports not only futures trading but also forex and CFDs. It features automated trading options, customizable charts, and a wide range of technical indicators.

Additional Trading Platforms
Cannon Trading also provides access to several other trading platforms, each with its unique features and capabilities. These platforms include API (Application Programming Interface), Quantower, E-Futures, FireTip (Mac Compatible), CQG Trader, RTrader/Rithmic, CTS T4 (Future Spreads), AgenaTrader, eSignal, Ensign Software, QT Market Center, BarChart Trader, iSystems Automated Trading Platform, Investor/RT, Corn Futures, and Nasdaq Futures.

Futures & Options Trading
Cannon Trading’s platform offerings extend beyond futures trading to include options trading as well. Traders can explore a variety of options strategies and execute trades seamlessly on these platforms.

Cannon Trading’s commitment to offering a diverse range of futures trading platforms reflects its dedication to meeting the diverse needs of traders. Whether you are an advanced trader seeking in-depth technical analysis tools or a beginner looking for a user-friendly platform, Cannon Trading has a solution for you. The platforms mentioned above cover a wide spectrum of features, catering to traders with various trading styles and preferences. By providing access to these platforms, Cannon Trading empowers traders to make informed decisions and navigate the complex world of futures trading with confidence.

Ready to start trading futures? Call 1(800)454-9572 and speak to one of our experienced, Series-3 licensed futures brokers and start your futures trading journey with Cannon Trading Company today.

Disclaimer – Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  Past performance is not indicative of future results. You should carefully consider whether 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.

NQ trading at decision levels + Futures Trading Levels for Sept. 29th

Posted on by Ilan
Get Real Time updates and more on our private FB group!

Last day of the month tomorrow.

PCE and a few other reports are out.

Nasdaq 100 ( NQ and MNQ) sitting on decision levels in my opinion.

A break below 14720 can trigger a visit to the 14220 area. A close above 14930 can open the door for an oversold rally towards the 15300 area.

See daily chart below.

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Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether 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 when it comes to Futures Trading.

3b644da2 2bee 4d39 8d98 5208a20bec39

Futures Trading Levels

09-29-2023

#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

 

d40a3398 72e5 4a59 836b 1bb9a30cc6da

 

Improve Your Trading Skills

Get access to proprietary indicators and trading methods, consult with an experienced broker
 1-800-454-9572 Explore trading methods. Register Here


Economic Reports, Source: 

Forexfactory.com

 

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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.

US$ Moving the markets? + Futures Trading Levels for Sept. 28th

Posted on by Ilan
Get Real Time updates and more on our private FB group!

What you need to know for the last two trading days of the month

 By Mark O’Brien, Senior Broker

General: 

 

Thanks in large part to higher yield opportunities, foreign purchases of dollars to buy U.S. treasuries have pushed the U.S. Dollar Index (basis Dec.) to a 10-month high today – trading to an intraday high of 106.24 – a climb of over $7,000 per contract since mid-July.  The Federal Reserve held interest rates steady at their September meeting, but chairman Powell reiterated the Central Bank’s goal of bringing inflation down to its 2% target, so further rate hikes were still on the table and “higher for longer,” remained the clarion call.

 

Currencies: 

 

Conversely, the Euro hit 6-month lows today, down to 1.0538 intraday, marking a ±$9,500 per contract move in a little over two months.  The Japanese yen is threatening its key 150 level, where Japanese officials are seen as potentially intervening to shore up the currency (divide the futures price by 1 to find the conversion rate).

 

Metals: 

 

New highs in the dollar have also translated to new lows in precious metals, particularly gold, which lost ±$29 per ounce today (basis Dec.) and broke through $1,900 per ounce, approaching early-February lows near $1883.  This is a ±$225 per ounce decline (±$22,500 per contract) from its May 4 highs.

 

Energies: 

 

Despite China’s tenuous economy – a key measure of demand for crude oil globally – the supply side of the ledger has been the driving force behind rising energy prices.  Production cuts made by OPEC+ and continuing through year’s end have contributed to a plunge in storage levels in Europe and the U.S. to multi-month lows.  Today the Energy Information Administration reported a crude oil inventory draw of 2.2 million barrels for the week to September 22, spurring a ±$3.50 per barrel advance above $94.00 per barrel intraday (basis Nov.)  Yesterday, the American Petroleum Institute estimated that stocks at the Cushing, Oklahoma hub – where West Texas oil futures deliveries are processed – had slipped to below 22 million barrels, which is on the brink of the minimum operating level for that important terminal.  The crude oil tanks around Cushing have approximately 91 million barrels of storage capacity.

 

Summary: 

 

Futures traders remember the practical rule of thumb to keep an eye on the U.S. dollar.  A stronger dollar in the global market will increase the price of commodities relative to foreign currencies.  The higher price of commodities in foreign currency will work to lower demand and dollar-priced commodities.  For a first-rate overview, check out the piece by Hannah Baldwin with the CME Group and contributed to Reuters: “How a strong dollar affects international currencies & commodities.”

 

14f6b449 93aa 4907 bb12 38845d380e39

 

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether 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 when it comes to Futures Trading.

3b644da2 2bee 4d39 8d98 5208a20bec39

Futures Trading Levels

09-28-2023

#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

 

d40a3398 72e5 4a59 836b 1bb9a30cc6da

 

Improve Your Trading Skills

Get access to proprietary indicators and trading methods, consult with an experienced broker
 1-800-454-9572 Explore trading methods. Register Here


Economic Reports, Source: 

Forexfactory.com

bf437e14 bde8 49b9 97cd 73d827a18674

 

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.

Navigating the Futures and Commodity Trading Landscape: Cannon Trading’s Trusted Legacy

Posted on by Cannon Operations

Read more about futures trading with Cannon Trading Company here.

In the realm of futures and commodity trading, having a reputable and reliable broker is paramount. Traders seek brokers who embody transparency, possess extensive market knowledge, execute trades swiftly, and maintain a strong rapport with regulators. Additionally, the ability to promptly address client concerns and offer support when needed is crucial. One such brokerage that epitomizes these qualities is Cannon Trading. With a rich history and a stellar TrustPilot rating of 4.9 out of 5 stars, Cannon Trading has gained widespread acclaim within the trading community. In this in-depth exploration, we will uncover the reasons why Cannon Trading is a top choice for futures and commodity traders.

Understanding Futures and Commodity Trading Brokers

Futures and commodity trading brokers act as intermediaries between traders and the futures or commodities markets. They provide the essential platform, tools, and expertise necessary for traders to engage in buying and selling futures contracts or physical commodities. These brokers play a crucial role in facilitating smooth and efficient trading, guiding traders with market insights, and ensuring compliance with regulatory requirements.

The Importance of Transparency, Knowledge, and Quick Executions

Transparency in operations is fundamental for any trading broker. It involves providing clear and accurate information regarding fees, order execution processes, and potential risks associated with trading. Knowledge, on the other hand, pertains to the broker’s understanding of the markets, enabling them to guide traders effectively. Swift order executions are vital for traders to capitalize on market opportunities in real-time.

Regulatory Standing and Compliance

Brokers need to adhere to stringent regulatory guidelines set by organizations like the Commodity Futures Trading Commission (CFTC) and the National Futures Association (NFA) in the United States. Compliance with these regulations ensures that brokers maintain high standards of professionalism and fairness in their dealings.

Cannon Trading: A Trusted Name in Futures and Commodity Trading

Established in 1988, Cannon Trading has solidified its position as a trusted brokerage in the futures and commodity trading arena. The firm’s commitment to transparency, extensive market knowledge, swift executions, and regulatory compliance sets it apart. The endorsement of its services by the trading community, evident in its impressive TrustPilot rating of 4.9 out of 5 stars, underscores its excellence.

The TrustPilot 4.9 out of 5 Star Ranking: A Testimony to Excellence
TrustPilot is a platform that allows customers to provide genuine feedback and reviews of businesses. For prospective clients seeking a reliable futures or commodity trading broker, the TrustPilot rating offers valuable insights. Cannon Trading’s remarkable 4.9 out of 5-star rating is a result of the following factors:

  1. Exceptional Customer Service and Prompt Issue Resolution
    Cannon Trading is lauded for its exceptional customer service. The brokerage goes the extra mile to ensure client satisfaction. Traders have reported that Cannon Trading is quick to pick up the phone and resolve any issues promptly. This level of attentiveness and dedication is highly valued in the fast-paced world of trading.
  2. Comprehensive Assistance and Timely Support
    A distinguishing feature of Cannon Trading is its dedication to providing comprehensive assistance to clients. Whether you are a seasoned trader or new to the world of futures and commodities, Cannon Trading ensures you receive the guidance and support you need in a timely manner. The availability of knowledgeable support staff helps traders navigate the complexities of the market with confidence.
  3. Transparency in Operations and Pricing
    Transparency is at the core of Cannon Trading’s operations. The brokerage is transparent about its fees, charges, and the overall trading process. Clients appreciate this openness, which fosters trust and confidence in their relationship with the broker.
  4. Wide Array of Futures Trading Software
    Cannon Trading stands out by offering a diverse range of futures trading software. The availability of various trading platforms provides traders with the flexibility to choose the one that best suits their needs and preferences. These platforms are designed to be user-friendly and technologically advanced, ensuring a seamless trading experience.
  5. Educational Resources and Market Insights
    Cannon Trading is recognized for its commitment to educating traders. The brokerage offers a wealth of educational resources, including webinars, articles, and market analysis, to help traders make informed decisions. This focus on education empowers traders to enhance their knowledge and improve their trading strategies.
  6. Regulatory Compliance and Credibility
    Being in the industry since 1988, Cannon Trading has established a strong standing with regulators. The brokerage complies with all necessary regulations, giving clients confidence in the legitimacy and credibility of their operations.

Why Choose Cannon Trading for Futures and Commodity Trading

Cannon Trading’s reputation for transparency, market knowledge, swift executions, and regulatory compliance positions it as a top choice for futures and commodity trading. Here are some compelling reasons to choose Cannon Trading as your trading partner:

  1. Trust and Reliability: With decades of experience, Cannon Trading has earned the trust of traders by consistently delivering reliable and transparent services.
  2. Exceptional Customer Support: The brokerage’s dedication to promptly addressing client concerns showcases its commitment to client satisfaction and support.
  3. Educational Resources: Cannon Trading equips its clients with the knowledge and tools they need to succeed in the futures and commodities markets.
  4. Diverse Range of Trading Software: Traders can choose from a wide array of trading platforms, catering to different trading styles and preferences.
  5. Transparency and Regulatory Compliance: Cannon Trading adheres to stringent regulatory guidelines, ensuring transparency and credibility in all its operations.
  6. Global Reach: The brokerage provides access to both domestic and international markets, enabling traders to diversify their portfolios and seize global opportunities.

In the ever-evolving world of futures and commodity trading, finding a brokerage that aligns with your values and trading needs is crucial. Cannon Trading, with its long-standing legacy, unwavering commitment to transparency, extensive market knowledge, and stellar TrustPilot rating, is an excellent choice. As a trader, your journey in the futures and commodities markets can be greatly enhanced with a trusted partner like Cannon Trading by your side, empowering you to make informed decisions and navigate the markets with confidence.

Ready to start trading futures? Call 1(800)454-9572 and speak to one of our experienced, Series-3 licensed futures brokers and start your futures trading journey with Cannon Trading Company today.

Disclaimer – Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  Past performance is not indicative of future results. You should carefully consider whether 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.

 

Understanding psychological biases at work that can affect your trading plan + Levels for Sept. 27th

Posted on by Ilan
Get Real Time updates and more on our private FB group!

Understanding psychological biases at work that can affect your trading plan

List generated by  By John Thorpe, Senior Broker

Technical analysis is not a flawless science, and it is susceptible to various biases that can impact trading decisions and performance. Recognizing and addressing these biases is essential for becoming a more disciplined and successful trader.

Here are some common technical analysis biases and strategies to avoid or overcome them:

  • Confirmation Bias:
    • Bias: This occurs when traders only seek or give importance to information that confirms their existing beliefs or positions.
    • Avoidance Strategy: Actively seek out information and technical signals that might contradict your initial analysis. Be open to changing your view based on objective data rather than personal bias.
  • Overfitting Bias:
    • Bias: Overfitting happens when traders use too many technical indicators, parameters, or complex strategies to fit historical data perfectly, but these strategies may not perform well in future markets.
    • Avoidance Strategy: Keep your technical analysis simple and use a limited number of well-established indicators and patterns. Focus on robust strategies that have demonstrated reliability over time.
  • Recency Bias:
    • Bias: Traders tend to give more importance to recent price movements and patterns, assuming they will continue, while ignoring longer-term trends or historical context.
    • Avoidance Strategy: Consider a longer time horizon and look at historical price data to gain perspective. Avoid making impulsive decisions based solely on recent price action.
  • Anchoring Bias:
    • Bias: This bias occurs when traders fixate on a specific price level or a reference point, often the entry price, and refuse to adjust their positions or exit strategies accordingly.
    • Avoidance Strategy: Regularly reassess your positions and set stop-loss and take-profit levels based on current market conditions rather than anchoring to an arbitrary point.
  • Availability Bias:
    • Bias: Traders might rely too heavily on readily available information or recent news, leading to biased analysis and decision-making.
    • Avoidance Strategy: Seek a variety of information sources and avoid making hasty decisions based solely on the latest news. Maintain a broader perspective on market fundamentals.
  • Gambler’s Fallacy:
    • Bias: Traders may believe that past events, like a series of losses, increase the likelihood of future events, such as a win, even though markets are not governed by probability in the same way as games of chance.
    • Avoidance Strategy: Trade based on sound technical and fundamental analysis rather than expecting a change in luck. Each trade should be evaluated independently.
  • Emotional Bias:
    • Bias: Emotional responses, such as fear and greed, can cloud judgment and lead to impulsive decisions.
    • Avoidance Strategy: Develop a trading plan with predefined entry and exit points, risk tolerance, and position sizing. Stick to your plan and avoid letting emotions drive your actions.
  • Hindsight Bias:
    • Bias: After a trade has concluded, traders may believe they knew the outcome all along, leading to overconfidence in their abilities.
    • Avoidance Strategy: Keep a trading journal to record your analysis, decisions, and outcomes. This will help you learn from your experiences and avoid hindsight bias.
  • Self-Attribution Bias:
    • Bias: Traders may attribute successful trades to their skill and unsuccessful trades to external factors or bad luck.
    • Avoidance Strategy: Be honest with yourself about your strengths and weaknesses as a trader. Analyze both winning and losing trades to identify areas for improvement.
  • Anxiety Bias:
    • Bias: Anxiety can lead to hesitation or overtrading, causing traders to miss opportunities or make impulsive decisions.
    • Avoidance Strategy: Implement stress-reduction techniques, maintain discipline, and stick to a well-defined trading plan to mitigate anxiety-related biases.

Being aware of these biases is the first step toward becoming a more rational and disciplined trader. It’s also beneficial to continuously educate yourself, practice risk management, and seek feedback from mentors or peers to improve your trading skills and reduce the impact of these biases on your performance.

 

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Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether 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 when it comes to Futures Trading.

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Futures Trading Levels

09-27-2023

#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

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Improve Your Trading Skills

Get access to proprietary indicators and trading methods, consult with an experienced broker
 1-800-454-9572 Explore trading methods. Register Here


Economic Reports, Source: 

Forexfactory.com

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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.

The Week Ahead Outlook + Futures Trading Levels for Sept. 26th

Posted on by Ilan
Get Real Time updates and more on our private FB group!

The Week Ahead…..

By Senior Broker, John Thorpe

While the economic data calendar is well-populated in the September 25 week, nothing will distract from the looming federal shutdown if Congress fails to fund the government by September 30. A failure to pass a spending package would mean adding uncertainty to the economic outlook. Many businesses including small ones depend on government contracts; and without new contracts signed, a round of layoffs could be triggered at a time when skilled workers are difficult to replace. An extended shutdown would disrupt government services including the routine reporting of economic data not to mention inconvenience and perhaps damage businesses and households.

For housing reports, the ongoing surge in mortgage rates makes data from July and August relatively out of date. September data from both home builders and mortgage bankers point to a pullback as consumers reconsider buying while prices remain elevated and mortgage rates at 22-year highs. For September to date, the 30-year fixed rate has averaged 7.16 percent, the highest since 7.16 percent in July 2001. If the housing market is in a downturn due to high rates and elevated prices, the lack of supply of homes has helped maintain competition for available units. Determined homebuyers do have some negotiating power – more for new construction than existing units. Those buying in the current market may be doing so with the expectation that mortgage rates will come down again and allow them to refinance to a more affordable rate.

On Friday, the report on personal income and spending at 8:30 ET will include the PCE deflator for August. This is the Fed’s preferred measure of inflation. It is likely to mirror the moves in the August CPI with energy costs boosting the overall index a bit, but with signs of further moderation in prices outside of food and energy.

 

14f6b449 93aa 4907 bb12 38845d380e39

 

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether 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 when it comes to Futures Trading.

3b644da2 2bee 4d39 8d98 5208a20bec39

Futures Trading Levels

09-26-2023

#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

 

d40a3398 72e5 4a59 836b 1bb9a30cc6da

 

Improve Your Trading Skills

Get access to proprietary indicators and trading methods, consult with an experienced broker
 1-800-454-9572 Explore trading methods. Register Here


Economic Reports, Source: 

Forexfactory.com

 

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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.

RISK DISCLOSURE: Past results are not necessarily indicative of future results. The risk of loss in futures trading can be substantial, carefully consider the inherent risks of such an investment in light of your financial condition.