discount futures brokers


Crude Oil & Gold Futures Information & Economic Reports 6.11.2014

June 10th, 2014 Filed under Crude Oil, Future Trading News | Comment (0)

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1. Market Commentary
2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Futures Economic Reports for Wednesday June 11, 2014

Hello Traders,

For 2014 I would like to wish all of you discipline and patience in your trading!

 

Once again we are witnessing lower volume, lower volatility as stock indices are hanging around their all time highs….

I know that for me personally, this type of environment would be hard to day trade, hence the reason I am sharing with you a piece I wrote before about other markets to consider for day trading:

Crude Oil and Gold futures.

 

More than a few similarities between the two markets.

They are both volatile, can move VERY fast. I have seen some very large moves happen in matter of minutes if not seconds. The “fear & greed” factor really plays a role in these specific two markets.

Both have active trading hours starting with Far East trading around 10 PM est all the way to the next morning until about 3 PM est. Good volume generally speaking but not close to the mini SP or ten year notes. So you may see some slippage on stops but the volume is more than enough to trade size.

Each tick on gold is $10, so every dollar move =$100 against you or in your favor. Crude is similar, each tick = $10. One full $1 move = $1000.

Both markets were quiet today relatively speaking but even on a quiet day, the range on gold was $13 or = $1300 wide using one futures contract. Crude ranges today was  than $1.08 or about $1080 between hi/lo.

I like using overbought/ oversold indicators on the two markets as well as using range / Renko charts.

 

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Crude Oil Futures Chart & Futures/Commodities Levels 5.07.2014

May 6th, 2014 Filed under Crude Oil, Future Trading News | Comment (0)

Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.

Like us on FacebookFollow us on TwitterView our profile on LinkedInFind us on Google+Cannon Trading Futures Trading Resistance & Support Levels and Economic ReportsFind us on Yelp

1. Market Commentary
2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Futures Economic Reports for Wednesday May 7, 2014

Hello Traders,

For 2014 I would like to wish all of you discipline and patience in your trading!

 Below is a screen shot of the Crude Oil chart from the last few trading sessions. I use 18 ticks range bar chart. This model does well when the market has two sided volatility and action like in the chart below but tend to get chopped when there is a strong trend.

 

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How Discount Brokers Work?

February 18th, 2014 Filed under Commodity Trading, Future Trading News, Future Trading Platform, Futures Broker, Futures Trading | Comments Off on How Discount Brokers Work?

Discount Futures Brokerage is formatted to provide a more cost effective way of trading futures for experienced traders who are comfortable placing trades over the internet , using their personal computer..

Discount Futures Brokers typically offer lower service fees and take a more minimal role in daily trading decisions. What you are essentially using a broker since then, is to place orders and for representation on the exchange floor. It is true that futures trading, or any trading market for that matter, could not operate without market participants and market professionals representing those participants. With commodities markets being so risky, regardless of cost it is clear that qualified brokers are vital to the success of participants of various markets.

What’s The Difference?

The biggest difference with discount brokers is the client’s ability to be more self-directed with their trading profile. The risk associated with futures trading disclaims that there is no guarantee of profit no matter who manages your money. No matter the level of involvement, brokers still represent the interests of every client and are likewise as valuable.  The need for Futures Trading Brokers will never become obsolete, so the emphasis on discount brokerage need be on discounted commissions and fees, not discounted service.

Below is a list of lesser or excluded fees associated with a discount futures brokerage:

  • Account Maintenance Fees
  • Platform Fees
  • DataFeed Fees (Online/E-Trading)
  • Low Margin Investments
  • Broker Support Fees

Another difference with discount brokerage is the type of platform often used for this type of futures brokerage service; online. Online Futures Trading is in some cases synonymous with a discount futures brokerage. The reason this is, is due to lower costs associated with online platforms that allow you to do most of the monitoring of real time market data. A wide selection of online futures companies provide the software you can download to use to trade and build a profile. When one places orders online, he doesn’t need to call his broker and place orders via phone. That saves the time of the broker and allow for lower, discounted fees.

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What to Look For When Comparing Futures Brokers

November 25th, 2013 Filed under Commodity Trading, Future Trading News, Futures Broker, Futures Trading | Comments Off on What to Look For When Comparing Futures Brokers

Great risks and great rewards are two of the main principles founded in trading. Since 1848, where resides the world’s oldest and largest functioning options exchange, individuals have made fortunes and lost companies, behind this fickle industry. In the futures market, these two linked together, can lead to greater success, but how? Firstly, let us look at the components of a futures market, and futures brokers. In short, the futures market can be compared to the stock market, but with a focus on the future rise or fall, particularly in commodity prices (the price of raw materials and primary products) such as:

  • Cocoa
  • Oil
  • Coffee
  • Gold
  • Copper
  • Wheat

To name a few…

The above aforementioned goods form what is considered to be the commodities market. Though Cocoa and wheat are considered soft commodities, and lumber oil and electricity are hard commodities, these both are secured by futures contracts, which entail physical assets. Futures broker diligently watches commodity markets, assesses two indicators, supply and demand. As a general rule, the determination of supply and demand, generally dictates the amount of money to allocate to a certain position in the commodities market. Once this position is held, the futures broker can predetermine the value of a commodity. Moreover, if the forecast was apt, you sell high and receive a larger profit, on the converse, a wrong forecast could lead to a loss of your initial risk capital. Losses in general, are hard to accept, however, without a great risk, yes the potential gain is greater, but we always have to calculate the loss.

When we talk about a loss in investment, inherently, it is a part of the mind, which is usually ignored. Accepting a loss, to survive in this industry requires fortitude and discipline. Why? The first instinct, when you lose money, is to double-down. Briefly, to double down depend mainly on if you see a future in the market that you are investing in, and if not, simply cut your losses. Consequently, with great uncertainty in the commodity markets, and a brief overview of this vast aspect of the financial sector, how can you choose a prudent, savvy, yet, sage futures broker?

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Top Things to Consider When Choosing a Futures Broker

October 20th, 2013 Filed under Futures Broker, Futures Trading | Comments Off on Top Things to Consider When Choosing a Futures Broker

With many economists, researchers and traders calling for the next bull market in commodities, and you have disposable risk capital to take advantage of these potential trends you may be asking yourself – How can I begin my search for a solid reliable Futures Broker? I have included 9 items below that you should be cognizant of to assist you in finding a reliable partner for your commodity trading needs.

1. The Futures Brokers history

How long has the Futures Broker been in business? What is the commodity trading brokers regulatory history? you can check here by selecting BASIC then responding to the prompts to bring up a regulatory profile of the firms or individuals that you are interested in researching. http://www.nfa.futures.org/ Many times you will be able to find a nuisance regulatory issue and other times you may find regulatory actions that would cause you to pause. If you pause, move on to another broker as all legitimate Commodity Futures Brokers must be registered with the National Futures Association (NFA). if you can’t find your broker on the NFA website, you may not be dealing with a regulated entity.

2. Trading Platform choices

You would be looking for a Discount Futures broker if platform choice is critical to your trading strategy. Opportunities to use a variety of tools and risk management software to enhance your trading experience as an online, self-directed trader will vastly improve your traders toolbox. Preferably you will want to use a Discount futures broker that can offer a wide array of trading solutions software to execute your plan. Not all Platforms and Data feeds are alike and in this day of wifi and internet , the speed and accuracy of your software will be critical to your success, not to mention the bandwidth you will be piping into your computer.

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