commodity brokers

Navigating Online Commodities Trading: The Role of Commodity Brokers and the Cannon Trading Advantage

September 10th, 2023 Filed under Commodity Brokers, Commodity Trading | Comment (0)

Read more about commodities trading with Cannon Trading Company here.

Commodity trading has long been a cornerstone of global markets, providing investors with the opportunity to participate in the fluctuating prices of essential raw materials, from precious metals like gold and silver to agricultural products such as wheat and soybeans. In the modern era, the advent of online commodities trading has democratized access to these markets, making it possible for traders of all backgrounds to engage in commodity trading from the comfort of their homes or offices. However, to embark on a successful online commodities trading venture, one needs the guidance and support of a reputable commodity broker. Cannon Trading Company, with its 35 years in business, multiple awards, and a stellar TrustPilot rating of 4.9 out of 5 stars, stands as a prime example of what traders should seek in a commodity broker.

Understanding Commodity Brokers and Online Commodities Trading

Commodity Brokers: Commodity brokers are intermediaries or professionals who facilitate the buying and selling of commodity futures contracts on behalf of their clients. They play a pivotal role in ensuring that traders have access to the commodities markets, receive efficient execution of their trades, and benefit from valuable insights and expertise.
Commodity Trading: Commodity trading involves speculating on the future price movements of various physical goods or raw materials. These goods can be classified into categories such as energy commodities (e.g., crude oil), agricultural commodities (e.g., corn), and precious metals (e.g., gold). Traders can profit from price fluctuations by entering into futures contracts, which obligate them to buy or sell the underlying commodity at a predetermined price on a specified future date.
Online Commodities Trading: The advent of online trading platforms has revolutionized commodity trading. Traders can access these platforms through commodity brokerage firms and execute trades in real-time. Online commodities trading offers convenience, accessibility, and a wide array of trading tools and resources.

Choosing the right commodity broker is pivotal to the success of your online commodities trading venture. Here are key factors to consider when evaluating a commodity broker:

Experience and Reputation: A commodity broker with a solid track record and reputation is essential. Look for firms with years of experience in the industry and a history of satisfied clients.
Range of Commodities: Ensure that the broker provides access to a diverse range of commodities, including energy, agricultural, and precious metals. This allows you to diversify your portfolio and explore different markets.
Trading Tools: Evaluate the trading tools and platforms offered by the broker. These should be user-friendly, offer real-time data, and support advanced analysis techniques. A reliable platform can significantly enhance your trading experience.
Customer Support: Effective customer support is crucial in commodities trading. You should be able to reach out to the broker’s support team quickly and receive prompt assistance, especially in times of market volatility.
Educational Resources: Look for brokers that offer educational resources such as webinars, seminars, market analysis, and trading guides. These resources can help you improve your trading skills and make informed decisions.
Fees and Commissions: Understand the fee structure of the broker, including commissions and spreads. Compare these fees to ensure they align with your trading budget and objectives.
Regulation and Security: Verify that the broker is regulated by relevant authorities. Regulatory compliance is a sign of a trustworthy broker. Additionally, ensure that the broker’s online trading platform is secure and employs encryption to protect your data and transactions.

Cannon Trading Company: A Leading Futures Brokerage

Cannon Trading Company stands as a shining example of a leading futures brokerage that embodies all the qualities and features traders should seek in a commodity broker for their online commodities trading venture.

35 Years in Business: The longevity of Cannon Trading Company in the industry speaks volumes about its reliability and commitment to its clients. With 35 years of experience, the firm has weathered market fluctuations and adapted to the evolving landscape of commodities trading.
Multiple Award-Winning Firm: Cannon Trading has garnered numerous awards and accolades over the years, underscoring its excellence in the field of commodities trading. These awards serve as a testament to the firm’s dedication to providing top-notch services to its clients.
TrustPilot Rating: Cannon Trading Company’s remarkable TrustPilot rating of 4.9 out of 5 stars solidifies its reputation as a trusted and reputable commodity broker. TrustPilot is a renowned platform for customer reviews and ratings, known for its transparency and authenticity. Achieving such a high rating reflects the firm’s consistent commitment to customer satisfaction.

Cannon Trading Company’s Commitment to Excellence

Cannon Trading Company has consistently demonstrated its commitment to excellence in commodities trading. Here are some key attributes that have contributed to its success and high TrustPilot rating:

Expertise: The team at Cannon Trading comprises knowledgeable professionals with years of experience in commodities markets. Their expertise allows them to provide valuable insights and guidance to traders.
Wide Range of Commodities: Cannon Trading offers access to a diverse range of commodities, allowing traders to explore various markets and diversify their portfolios.
Trading Tools: The firm provides a range of trading tools and platforms designed to meet the needs of traders at all levels of expertise. These platforms are user-friendly and offer real-time data and analysis tools.
Customer Support: Cannon Trading’s customer support team is readily accessible and responsive. They understand the importance of prompt assistance, especially in the fast-paced world of commodities trading.
Educational Resources: The company offers educational resources, including webinars, seminars, and market analysis reports, to help traders enhance their knowledge and skills.
Regulation and Security: Cannon Trading Company is regulated by relevant authorities, ensuring compliance with industry standards. The firm also prioritizes the security of its clients’ data and transactions.

Embarking on an online commodities trading venture requires careful consideration of the commodity broker you choose to partner with. The success of your trading endeavors hinges on factors such as the broker’s experience, reputation, range of commodities, trading tools, customer support, educational resources, fees, and security measures. Cannon Trading Company, with its 35 years in business, multiple awards, and a stellar TrustPilot rating of 4.9 out of 5 stars, exemplifies the qualities and features traders should seek in a commodity broker.

In a market where trust, reliability, and expertise are paramount, Cannon Trading Company stands out as a leader in the field of online commodities trading. Whether you’re a seasoned commodities trader or just starting your journey in this exciting market, partnering with Cannon Trading Company can provide you with the support and resources needed to navigate the complexities of commodities trading and pursue your investment goals 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.

Revolutionizing Futures Trading: Cannon Online Futures Trading

September 8th, 2023 Filed under Financial Futures, Future Trading News, Future Trading Platform, Futures Broker, Futures Exchange, Futures Trading | Comment (0)

Find out more about futures trading with Cannon Trading Company here.

In the world of finance, futures trading is a powerful tool for investors to speculate on the future price of various assets, including commodities, currencies, and financial indices. In recent years, with the advancement of technology, online futures trading has gained immense popularity among traders and investors. One company that stands out in this realm is Cannon Trading Company, offering a range of features that set it apart in the online futures trading industry. With multiple trading platforms, superb customer support, and a solid reputation on TrustPilot, Cannon Online Futures Trading has become a go-to choice for futures traders seeking reliability and efficiency.

Understanding Online Futures Trading

Futures trading is a financial strategy that involves speculating on the future price of an asset, such as gold, oil, or stock market indices. It allows traders to enter into contracts obligating them to buy or sell the asset at a predetermined price on a specified future date. This provides an opportunity to profit from price movements, whether they are rising or falling.

Online futures trading, as the name suggests, involves executing these transactions through online platforms provided by brokerage firms. This method offers numerous advantages, including accessibility, convenience, and the ability to execute trades in real-time. Traders can monitor market conditions, analyze charts, and execute orders from the comfort of their homes or offices.

The Importance of Choosing the Right Futures Broker

Choosing the right futures broker is a crucial step for any trader or investor. The brokerage you select can significantly impact your trading experience, affecting everything from order execution speed to customer support. Cannon Trading Company is a brokerage firm that has gained recognition for its exceptional services and features, making it a top choice for those engaged in online futures trading.

Cannon Trading Company: A Game-Changer in Online Futures Trading

Multiple Trading Platforms

One of the standout features of Cannon Online Futures Trading is its offering of multiple trading platforms. These platforms cater to a wide range of traders, from beginners to experienced professionals, ensuring that everyone can find a solution that suits their needs.

CQG: For the advanced trader looking for powerful tools and real-time data, Cannon offers the CQG platform. CQG is known for its robust charting capabilities, risk management tools, and access to a vast array of global markets.
NinjaTrader: NinjaTrader is a popular choice for traders seeking a customizable platform. With features like automated trading strategies and extensive analysis tools, it appeals to those who want to tailor their trading environment.
TradingView: Cannon Trading Company also integrates with TradingView, a versatile platform known for its intuitive user interface and social networking features. This platform is ideal for traders who value community-driven insights and collaborative trading.

Having access to multiple platforms means that traders can select the one that aligns best with their trading style and preferences. This flexibility is invaluable in the dynamic world of futures trading.

Exceptional Customer Support

In the realm of online futures trading, where time can be of the essence, having access to responsive customer support is critical. Cannon Trading Company excels in this regard. Their commitment to providing top-notch support has earned them the highest ratings on TrustPilot, a testament to their dedication to client satisfaction.

When a futures trader needs assistance or has questions about their trades, they don’t want to wait endlessly for the phone to ring or for an email response. Cannon Trading understands this and ensures that their customers have quick and easy access to knowledgeable professionals who can address their concerns promptly.

TrustPilot Reputation

TrustPilot is a widely recognized platform for customer reviews and ratings. A high TrustPilot rating indicates a company’s commitment to customer satisfaction and trustworthiness. Cannon Trading Company’s status as the highest-rated futures brokerage on TrustPilot speaks volumes about the quality of service and support they provide to their clients.

With numerous positive reviews and testimonials from satisfied customers, Cannon Trading has demonstrated its ability to consistently meet the expectations of online futures traders. This solid reputation instills confidence in traders and investors alike, making Cannon a preferred choice in the highly competitive futures trading industry.

Why Online Futures Trading?

Online futures trading offers several advantages over traditional methods of trading futures contracts. Let’s explore some of these benefits:

Accessibility: Online trading platforms are accessible 24/7, allowing traders to monitor and execute trades at any time, irrespective of their geographical location. This accessibility is particularly valuable in a global marketplace where markets operate in different time zones.
Cost-Efficiency: Online futures trading often involves lower transaction costs compared to traditional methods. Many online brokers offer competitive commission rates, which can significantly reduce trading expenses.
Real-Time Information: Online platforms provide traders with real-time market data, news, and charts. This instant access to information enables traders to make informed decisions quickly.
Automation: Many online trading platforms offer automation tools like algorithmic trading and stop-loss orders. These features can help traders implement their strategies more efficiently and reduce emotional trading.
Diverse Asset Classes: Online futures trading platforms typically offer access to a wide range of asset classes, including commodities, currencies, stock indices, and interest rate futures. This diversification allows traders to explore various markets and diversify their portfolios.
Risk Management: Online platforms often provide risk management tools that allow traders to set stop-loss and take-profit orders, helping to manage risk effectively.

Online futures trading has become a cornerstone of modern finance, empowering traders and investors with the ability to speculate on a wide range of assets. Cannon Trading Company has emerged as a leader in this field, offering a variety of features that cater to the diverse needs of traders. With multiple trading platforms, exceptional customer support, and a sterling reputation on TrustPilot, Cannon Online Futures Trading sets a high standard in the industry.

For those seeking to enter the exciting world of futures trading or looking for a reliable brokerage partner, Cannon Trading Company’s commitment to customer satisfaction and its dedication to providing cutting-edge trading tools make it a compelling choice. As technology continues to shape the financial industry, Cannon Trading stands at the forefront, ready to empower traders to make informed decisions and navigate the complex world of futures trading with confidence.

Trading Futures Options: Strategies, Brokers, and Techniques

August 25th, 2023 Filed under Future Trading News, Future Trading Platform, Futures Broker, Futures Exchange, Futures Trading, futures trading education | Comment (0)

Find out more about trading futures options with Cannon Trading Company here.

In the dynamic landscape of financial markets, trading futures options has emerged as a versatile and sophisticated strategy. This strategy allows traders to harness the potential of both futures contracts and options contracts, creating a hybrid approach that offers unique opportunities for risk management, speculation, and portfolio diversification. In this comprehensive article, we will delve into option trading techniques, the role of the Chicago Board Options Exchange (CBOE), the significance of reputable futures brokers with exceptional execution capabilities, and a detailed analysis of Cannon Trading Futures Brokers and their reviews on TrustPilot.

Option Trading Techniques: A Blend of Flexibility and Leverage

Option trading techniques are a cornerstone of modern financial markets, providing traders with the ability to speculate on price movements, hedge risk, and even generate income. Trading options on futures, often referred to as options on commodities, adds another layer of complexity by combining the characteristics of two distinct financial instruments.

There are several popular option trading techniques employed by traders:

Covered Calls: This strategy involves holding a long position in the underlying futures contract and simultaneously selling a call option. Traders use this technique to generate income from the premium received on the call option while potentially benefiting from limited upside price movement.
Protective Puts: This strategy is designed to hedge against potential downside risk. Traders buy a put option on the underlying futures contract to lock in a minimum selling price, offering protection in case the market moves unfavorably.
Straddle and Strangle: These are volatility-based strategies. A straddle involves buying a call option and a put option with the same strike price and expiration date, while a strangle involves purchasing out-of-the-money call and put options. These strategies are used when traders expect significant price movements but are uncertain about the direction.
Iron Condor: This is a combination of selling an out-of-the-money call spread and an out-of-the-money put spread. It’s a strategy to profit from low volatility and a relatively stable underlying market.

The Role of CBOE: Pioneering Options Trading

The Chicago Board Options Exchange (CBOE) has played a pivotal role in shaping the landscape of options trading. Established in 1973, the CBOE introduced standardized options contracts, making options trading more accessible and transparent. Over the years, the exchange has expanded its offerings to include options on a wide range of assets, including equity indexes, ETFs, and futures contracts.

CBOE’s contributions to the options market include the development of the Black-Scholes options pricing model, which revolutionized the way options were valued. This model takes into account variables such as the underlying asset’s price, time to expiration, volatility, and interest rates to determine an option’s fair value.

Importance of Futures Brokers with Execution Excellence

In the realm of trading futures options, the role of a futures broker cannot be overstated. A reputable futures broker acts as an intermediary between traders and the market, providing access to trading platforms, market data, and execution services. One of the key factors that sets brokers apart is their execution quality.

Efficient and timely execution is crucial in futures options trading, where market conditions can change rapidly. A reliable broker ensures that traders’ orders are executed at the desired price and within the shortest possible time frame. Slippage, the difference between the expected execution price and the actual price at which the trade is executed, can significantly impact trading outcomes. Therefore, choosing a broker with a track record of consistent and accurate executions is paramount.

Exploring Trading Strategies with Cannon Trading Futures Brokers

Cannon Trading Company is a prominent futures broker known for its comprehensive services and commitment to execution excellence. Established in 1988, Cannon Trading Company has earned a reputation for catering to a diverse clientele, including institutional traders, individual investors, and hedgers.

Cannon Trading Company offers a range of trading strategies that align with different risk profiles and market outlooks:

Trend Following: This strategy involves identifying and capitalizing on established market trends. Traders using this approach analyze historical price data to identify patterns and enter positions in the direction of the prevailing trend.
Spread Trading: Spread trading involves simultaneously buying and selling two related futures contracts to profit from price differentials between them. It’s a strategy often used in commodities markets, where price discrepancies between related contracts are common.
Options Selling: Cannon Trading provides options on futures traders the opportunity to engage in selling options to generate premium income. This strategy involves assuming the obligation to buy or sell the underlying futures contract if the option buyer decides to exercise their option.

TrustPilot Reviews and Broker Reputation

TrustPilot serves as a platform where clients can provide feedback and reviews about their experiences with various service providers, including futures brokers. Cannon Trading’s presence on TrustPilot allows traders to gauge the broker’s reputation based on real-world experiences of its clients.

Positive reviews on TrustPilot often highlight aspects such as superior customer service, robust trading platforms, transparency in pricing, and, most importantly, reliable and efficient order execution. These reviews not only provide valuable insights to prospective clients but also reflect the broker’s commitment to maintaining high standards of service.

Trading futures options presents traders with a unique opportunity to combine the advantages of both futures and options contracts. Option trading techniques, such as covered calls, protective puts, and volatility-based strategies, offer flexibility and diverse approaches to trading. The CBOE’s contributions have been instrumental in shaping the options market, and a reputable futures broker’s role in execution excellence cannot be overstated. Cannon Trading Company and its team of Futures Brokers, with their comprehensive strategies and positive TrustPilot reviews, exemplify the significance of a broker’s reputation and execution quality in the realm of futures options trading. As markets continue to evolve, traders will continue to seek ways to harness the potential of trading futures options in their pursuit of financial success.

Weekly Newsletter Issue # 1032 – Trading Resources and more! 12.14.2020

December 11th, 2020 Filed under Commodity Trading, Day Trading, Weekly Newsletter | Comment (0)

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Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!

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Hello Ilan,

Like us on FaceBook!

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Get Real Time updates and market alerts on Twitter!

Rollover notice: Front month for stock index futures ( es/ym/nq/micros etc.) as well as currencies is now MARCH.

Free eBook:

Opportunities and Risk, an Educational Guide to Trading Futures and Options

93 page PDF eBook available for instant download

*Learn about futures basics

*Learn about options basics

*Margins and margin calculations

*Spreads

*Options spreads and calculations

*Trading Strategies

*Regulations

*Much More!

Download free eBook Instantly

NASDAQ 100 Futures

Daily chart of NASDAQ100 futures ( NQ and the MICRO MNQ) below for your review.

March is now the FRONT month. NQH21.

While volatility is not as high as it was in March / April, we are still witnessing very large moves both ways.

Current trend is up but market looks a bit overbought and ready for a possible correction. Please see chart for potential support and resistance levels.

With the high volatility we are seeing, I would highly recommend looking at the MICRO contracts including the MICRO NQ which is 1/10th the size of the mini NASDAQ. The symbol is MNQ and you can read more about the MICROS here.

Good Trading

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.

Futures Trading Levels

12-14-2020

Economic Reports, source:

www.BetterTrader.co

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.

Trading Crude Oil Futures

June 13th, 2018 Filed under Commodity Brokers, Commodity Trading, Crude Oil, Day Trading, Energy Futures, Futures Broker, Futures Trading, futures trading education, Options Trading, Trading Guide | Comment (0)

Tips for day trading NYMEX crude oil futures

By Ilan Levy-Mayer, VP Cannon Trading Co, Inc.

When it comes to day trading futures contracts, crude oil futures are assumed one of the leading positions as far as trading volume.

During the month of May 2018, crude oil futures averaged around 1 Million contracts traded per day! That actually surpasses contracts like the ten-year notes, mini SP, mini Nasdaq and others who have traditionally been leaders’ in terms of volume.

Part of the growth in crude oil futures is attributed to day trader participation. Day traders, by definition, will enter and exit their positions during the same trading day. This adds volume to the market traded.

Some of the tips I am sharing below can be applied to most futures contracts as well as other financial products that are traded like stocks, forex, bonds and others. Some of the advice I am sharing is very specific to the crude oil futures trading field.

Know the product you are trading:

Just like a trader who trades a stock like Facebook knows what Facebook does, when its earning reports are due and other factors, so does a crude oil futures day trader needs to know a few facts about crude oil:

Contract Size: Crude Oil Futures consist of 1,000 barrels. For the trader this means that each full $1 move in crude futures = $1,000 against you or in your favor.

For example: A move from 72.10 to 73.10 = $1,000 and a move from 72.10 to 72.11 = $10 (the minimum fluctuation size or the tick size). Be aware that the CME also offers the mini crude contract, which is half the size.

Trading Hours: Crude oil futures trade on the Globex terminal between the hours of 5:00 PM CST the DAY BEFORE to 4:00 PM CST the following day. Which means 23 hours of straight trading. It is important to know that most of the volume will trade between the hours of 8:00 AM CST and 1:30 PM CST, as these hours correspond to the “pit session” of the old trading floor.

Another key aspect to remember is that crude oil is a deliverable commodity and the “front month” will change every 30 days or so. For example: since May 22^nd 2018 we have been trading July crude oil.

Reports: There are more than a few reports that will affect crude oil future prices indirectly. These include monthly unemployment, the FOMC rate decision, and a few others.

However, there are two major reports that move crude oil futures and its by-products (unleaded gasoline and heating oil) sharply: The API report, which comes out at 3:30 PM CST every Tuesday, and the DOE (Dept. of Energy) inventory numbers, which come out almost every Wednesday at 9:30AM CST.

Take a look at this one-minute chart from Wednesday, May 16^th right around the report time below to understand the volatility involved.

As you can see above, the market made a move of $700 per ONE contract in a matter of minutes, perhaps even seconds! That type of risk and opportunity is one of the factors attracting day-traders into the crude oil market.

Geo Political Events: Middle East tensions, the Iran nuclear deal, tensions between Iraq and its neighbors…these are all examples of events that affect crude oil prices. Not to mention OPEC meetings!

Margins & Day Trading Margins: As of May 22^nd, 2018 overnight margins for crude oil futures are $2,800 per contract. Cannon Trading’s day-trading margins for crude oil are $750

Trading Personality:

In my opinion crude oil (like many other markets) will have one of the following 3 modes: trending, two-sided volatility, or Choppy/quiet/range bound trading.

My experience is that crude will more often fall into the first 2 categories: strong trend or two-sided volatility. This leads me to my next point below, different trading set-ups.

Trading Set-Ups:

My preferred methods for trading crude are either breakout concept in an attempt to catch a strong move up or down once the market broke some key support or resistance levels, AND/OR counter trend methods to take advantage of when the market is oversold or overbought. Crude does seem to bring more fear and greed out of traders. So looking at RSI levels, for example, and using moving averages ON the RSI to try and get a feel for market reversals are methods worth exploring.

Keep a journal:

Like with any other trading, keep a journal. Take notes on how the market reacted to certain reports, how the markets traded during certain times of the day, and action you took and emotions you had that either helped or hurt you while trading. These notes will help you going forward.

In summary, crude oil futures volume has increased significantly these past few years. The crude oil futures offer traders certain dynamics that other markets may not at certain times. Volatility, fear and greed are key traits for this market. Remember that trading crude oil futures specifically and futures and options in general carries a large degree of risk and is not suitable for all investors. Make sure you consult with a series 3 broker if you never traded this market before. As always, I wish you Good Trading!

Important: Trading commodity futures and options involves a substantial risk of loss.

The recommendations contained in this letter are of opinion only and do not guarantee any profits.

There is not an actual account trading these recommendations.

Past performances are not necessarily indicative of future results.

commodity brokers

Navigating Online Commodities Trading: The Role of Commodity Brokers and the Cannon Trading Advantage

Revolutionizing Futures Trading: Cannon Online Futures Trading

Trading Futures Options: Strategies, Brokers, and Techniques

Trading Crude Oil Futures

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