How to Choose Best Futures Trading Platform? – Trading Levels Oct 6th, 2017
Posted By:- Ilan Levy-Mayer Vice President, Cannon Trading Futures Blog
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Choosing the Best Futures Trading Platform:
Charts are a trader’s best friend, so good charting is a must when deciding what platform to use. After that it depends on style. If you are a day trader you need the ability to trade with one click, because you are trying to capture quick moves in the market. If you are holding for a period of days this is obviously less important. Everyone should have risk management in their trades, so having a platform that allows you to place stop orders the way you like, (limit, market, trailing, OCO’s) is extremely important. Finally, if you are trading multiple markets, or just watching other markets that effect the one you are trading, having the ability to have multiple charts and DOMs on one screen is nice. Everyone has different style and nuances to trading, so finding what works for you will help make the experience much more enjoyable.
Other factors to consider:
- Cost
- Order desk back up
- Mobile access
- MAC compatibility
- Do orders sit server side or client side?
Good news is that you can utilize our experience and familiarity with over 10 platforms to help you choose and decide based on your specific trading needs.
Our brokers are our strongest asset, feel free to utilize this asset!
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.
Futures Trading Levels
10-06-2017
| Contract December 2017 | SP500 | Nasdaq100 | Dow Jones | Mini Russell | BitCoin Index |
| Resistance 3 | 2570.92 | 6148.25 | 22896 | 1526.20 | 4629.39 |
| Resistance 2 | 2560.58 | 6106.50 | 22811 | 1521.80 | 4492.79 |
| Resistance 1 | 2555.17 | 6084.50 | 22767 | 1518.20 | 4422.14 |
| Pivot | 2544.83 | 6042.75 | 22682 | 1513.80 | 4285.54 |
| Support 1 | 2539.42 | 6020.75 | 22638 | 1510.20 | 4214.89 |
| Support 2 | 2529.08 | 5979.00 | 22553 | 1505.80 | 4078.29 |
| Support 3 | 2523.67 | 5957.00 | 22509 | 1502.20 | 4007.64 |
| Contract | December Gold | Dec. Silver | Nov. Crude Oil | Dec. Bonds | Dec. Euro |
| Resistance 3 | 1290.2 | 16.91 | 52.72 | 153 23/32 | 1.1881 |
| Resistance 2 | 1285.9 | 16.84 | 51.97 | 153 10/32 | 1.1852 |
| Resistance 1 | 1278.4 | 16.73 | 51.35 | 152 26/32 | 1.1801 |
| Pivot | 1274.1 | 16.66 | 50.60 | 152 13/32 | 1.1772 |
| Support 1 | 1266.6 | 16.55 | 49.98 | 151 29/32 | 1.1721 |
| Support 2 | 1262.3 | 16.48 | 49.23 | 151 16/32 | 1.1692 |
| Support 3 | 1254.8 | 16.37 | 48.61 | 151 | 1.1641 |
| Contract | Dec. Corn | Dec. Wheat | November Beans | Dec. SoyMeal | Nov. Nat Gas |
| Resistance 3 | 355.1 | 449.8 | 981.83 | 327.57 | 3.06 |
| Resistance 2 | 353.2 | 446.9 | 976.42 | 323.03 | 3.03 |
| Resistance 1 | 351.3 | 443.8 | 972.33 | 319.97 | 2.96 |
| Pivot | 349.4 | 440.9 | 966.92 | 315.43 | 2.93 |
| Support 1 | 347.6 | 437.8 | 962.8 | 312.4 | 2.9 |
| Support 2 | 345.7 | 434.9 | 957.42 | 307.83 | 2.83 |
| Support 3 | 343.8 | 431.8 | 953.33 | 304.77 | 2.77 |
Economic Reports, source:
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.
