Online Commodity Trading

Online Commodity Trading


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

  1. 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.

  1. 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.
  2. 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.
  3. 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.

 

  1. 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.

  1. 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:

  1. 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.
  2. 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.
  3. 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.
  4. 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.
  5. 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.
  6. 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.

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.


How to Trade Copper Futures

March 28th, 2014 Filed under Commodity Trading, Future Trading News, Future Trading Platform, Futures Trading | Comment (0)

Copper Futures Trading is one of the most popular vehicles in the industrial metals market. Copper is used in a wide variety of markets such as construction, plumbing, manufacturing and architecture. With such a wide array of usages, trading copper offers many opportunities for gain. More and more investors are looking to raw commodities as trading vehicles as they provide more liquidity and volatility within their respective markets. Trading raw commodities as futures contracts also allows for better price transparencies.

Copper is usually a great indicator of economic growth within a region. As the demand for copper rises, the more valuable the commodity becomes given its vital contributions to industrial and urban development. Worldwide copper consumption has been on the steady rise since 2011, with China being the world’s top copper consumer. Industrial copper producing companies use the futures market to hedge against losses and for price mitigation. Investors generally use the copper futures market to leverage their capital against price fluctuations to generate returns on their investments.

A copper futures contract represents 25,000 pounds of copper. Standard trading hours operate from Sunday through Friday beginning at 6:00 p.m. until 5:15 p.m. the following day Central Standard Time, allowing a 23 hour trading platform. The 45 minute break allows for the close out on the previous day’s results. Trading in copper futures requires paying close attention to market fluctuations and remaining active on developing markets. Because copper moves within the market at high volatility, neglecting a position for even a short period of the day can be very costly. Below are a few of the most popular exchanges copper futures trade on:

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Crude Oil and Gold Futures Chart, Futures Levels and Economic Reports 2.12.2013

February 11th, 2014 Filed under Commodity Trading, Future Trading News, Futures Trading | Comments Off on Crude Oil and Gold Futures Chart, Futures Levels and Economic Reports 2.12.2013

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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 February 12, 2014

Hello Traders,

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

 

Trader Planet

 

Voted Best Blog 2013 by Trader Planet

Thanks everyone who voted!! Appreciate your help in winning the #1 blog for futures trading by Trader Planet!! Please feel free to forward our daily blog to friends and other fellow traders who might be interested.

Another two markets I like to touch on when it comes to “other markets to daytrade beside the mini SP 500” are 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  $21 or = $2100 wide using one futures contract. Crude ranges today was less than $1 or about $890 between hi/lo.

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

If you never traded these markets before, I highly recommend exploring in simulation/ demo mode. get a feel for the explosiveness, volatility, personality for a few weeks before trying in live mode.

As always, any questions, please feel free to email me.

Two charts from today’s session of gold and crude for your review below ( if you like to try the charts I am using along with indicators displayed, send me an email):

 

Crude 18 ticks range bar Feb. 11th 2014

CLE - Crude Lights (Globex), Equalized Active Continuation - Range Bar 18 Ticks Units

Gold, 36 ticks range bar Feb. 11th 2014

 

GCE - Gold (Globex), Equalized Active Continuation - Range Bar =, 18 Ticks Units

GCE – Gold (Globex), Equalized Active Continuation – Range Bar =, 18 Ticks Units

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New Years 2014 – Futures Trading Schedule

December 27th, 2013 Filed under Future Trading News, Futures Trading | Comments Off on New Years 2014 – Futures Trading Schedule

New Year’s Schedule

Tuesday, December 31, 2013

 

CME & CBOT Equity Products

4:15 Central Time, Regular close

CME & CBOT Interest Rate & Currency / FX Products

4:00 Central Time, regular close

NYMEX, COMEX Products

4:15 Central Time, regular close

CBOT, KCBT Grain & Agricultural Products

Regular close per each product schedule

Other CME Group Products

Regular close per each product schedule

ICE Futures US

Softs, Grains. Oilseed & CCI Index & Russell contracts

Regular hours

Fin & Index

12:15 Central Time
Fin Gas, Power & Emissions

1:00 Central Time

 

Wednesday, January 1, 2014

 

CME & CBOT Equity Products

CME & CBOT Interest Rate & FX Products

NYMEX, COMEX Products

CBOT, KCBT Grain & Agricultural Products

New Year’s Day Observed – Globex closed

ICE Futures US
Softs, U.S. Grains and Oilseeds, FOREX, INDEX & FIN Gas Power and Emissions: New Year’s Day Observed – all closed

 

Thursday, January 2, 2014

CME & CBOT Equity Products

5:00 Central Time modified open

CME & CBOT Interest Rate & Currency / FX Products

5:00 Central Time modified open

NYMEX, COMEX Products

Regular open for trade date Thursday, Jan. 2nd : 5:00 P.M. Central Time / 6:00 P.M. Eastern Time

CBOT, KCBT Grain & Agricultural Products

8:30 Central Time grain markets open

Other CME Group Products

9:00 Central Time Lumber Futures & Options

9:05 Central Time Livestock Futures & Options

 

ICE Futures US

Softs, Grains. Oilseed & CCI Index regular open
Fin & Index regular open
Fin Gas, Power & Emissions regular open

For more information, please visit: http://www.cmegroup.com/tools-information/holiday-calendar/files/2014-new-years.pdf

For more information, please visit: https://www.theice.com/marketdata/Calendar.shtml?calendars=Holiday&expirationEnabled=false&calendars=SpecialTradingHours

The above sources were compiled from sources believed to be reliable.  Cannon Trading assumes no responsibility for any errors or omissions.  It is meant as an alert to events that may affect trading strategies and is not necessarily complete.  The closing times for certain contracts may have been rescheduled.

 


Different Ways to Invest in Commodities and Futures

October 28th, 2013 Filed under Commodity Trading, Futures Trading | Comments Off on Different Ways to Invest in Commodities and Futures

When it comes to investing in commodities/futures there are several different ways to do so. I’ve been a futures broker at Cannon Trading Company for about 4 years and I wanted to touch base on a few different ways I have seen clients trade and invest in futures and commodities over the years.

I have seen many investors (small and large) participate in trading ETFs or ETF funds. With ETFs you do not own the actual commodity but you are looking to track the performance on either a single commodity or commodity index containing many different commodities through either its physical storage or derivatives positions in the market.

I do not accommodate trading ETFs or ETF funds with my actual clients. I am a registered futures broker and here at Cannon Trading Company we do not accommodate ETF trading for our clients. Please keep in mind the differences when trading ETFs versus commodities and futures. With ETFs you may experience management fees where as if you have a self directed futures and commodities trading account you will not experience those types of fees. Also when trading futures, unless you have a limited power of attorney on your account where you authorize another individual to trade your account, there is not a third party making your trading decisions and trading your account on your behalf. Here, at Cannon Trading Company many futures/commodities trader have self directed accounts where he or she makes their own decisions when it comes to trading.

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