Futures Broker News & Information on Cannon Trading
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Futures Broker

Category Archives: Futures Broker

The futures market comprises mainly of two players, namely, the hedgers and the speculators. While the former use futures as a safety or protection blanket, the latter is a group of traders who handle the trading accounts of those investing in the futures.

Futures trading can be arisky business that can require guidance and consultancy. Whether you are an individual or a firm, you need to be well-versed with the rules of the game. Futures brokers are always there to help you with advice and help you in matters related to futures trading. A rule of futures trading is that one canonly use those funds that have been termed as risk capital.

We at Cannon Trading help your understanding of the big and small things about futures brokers and trading. Apart from that, we also aid you in making the most out of the market; and, no matter how volatile and risky it is we offer the best advice we possibly can on trading. Under this category of futures broker, we write about the latest and informative articles that you should read to get equipped on the recent events in the futures markets.


Cannon Futures Weekly Newsletter Issue # 1148 Order Flow Webinar + Levels for June 5th

June 2nd, 2023 Filed under Commodity Trading, Day Trading, Future Trading News, Futures Broker, Futures Trading, Gold Futures, Trading Webinar, Weekly Newsletter | Comment (0)

Cannon Futures Weekly Newsletter Issue # 1148

 

Join our private Facebook group for additional insight into trading and the futures markets!

Have a safe Memorial Day Weekend. Trading Schedule HERE

In this issue:

  • Important Notices – Win 1 OZ Gold Bar!
  • Trading Resource of the Week – Order Flow, Advanced T&S Trading Webinar
  • Hot Market of the Week – June Dollar Index
  • Broker’s Trading System of the Week – Browse Hundreds of “Hands Free” Systems
  • Trading Levels for Next Week
  • Trading Reports for Next Week

 

  • Important Notices –

Are you ready to go for gold?

 

Then here is your golden opportunity. CME Group will be launching the Go for Gold Precious Metals Trading Challenge coming this June.

You’ll have the opportunity to practice trading highly liquid Precious Metals products while competing against other traders for the chance to win the grand prize of a 1 oz. bar of gold*.

During the challenge, you’ll explore our suite of precious metals contracts and test-drive strategies in a simulated environment. We’ll send you exclusive, daily education materials on precious metals contracts in order for you to feel prepared to trade and confidently compete against your peers.

Get ready to strike gold.

*Participants will only be eligible to receive a 1 oz. gold bar if permitted in accordance with the applicable laws of their jurisdiction.

 

START DATE: June 4, 2023

END DATE: June 9, 2023

Trading Resource of the Week –

Meet VolBook by Volumetrica Trading Professional Volume Trading Platform
Wed, June 7th, 2023 12:01 PM – 1:00 PM PDT
In this webinar, we’ll tour the platform and take a look at how to utilize Order Flow, Delta Filer bars and other innovative features while observing a variety of futures markets with a focus on some of the smaller Micro futures contracts.
Our host, Antonio Sartorello of Volumetrica will guide attendees as the markets trade in real time. Learn more about VolSys’s core features
• Order Flow and it’s pullback bar
• How to use Advances T&S
• How to use Advanced DOM
• Delta Filter Bars to identify Strength/weakness
• Where are the big traders/ orders?
Attendees will receive a FULLY functionable demo with live data!!
SPACE is LIMITED, so reserve your space now!
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

A Cannon broker will be able to assist, provide feedback and answer any questions.

 

Hot market of the week is provided by QT Market Center, A swiss army knife charting package that’s not just for Hedgers, Cooperatives and Farmers alike but also for Spread traders, Swing traders and shorter time frame application for intraday traders with a unique proprietary indicator that can be applied to your specific trading needs.
The June dollar Index satisfied its second upside PriceCount objective and is correcting. At this point, if the chart can resume its rally with new sustained highs, the third count would project a run to the 106.50 area although the March highs would represent a significant near term resistance level to contend with.
PriceCounts – Not about where we’ve been , but where we might be going next!
The PriceCount study is a tool that can help to project the distance of a move in price. The counts are not intended to be an ‘exact’ science but rather offer a target area for the four objectives which are based off the first leg of a move with each subsequent count having a smaller percentage of being achieved. It is normal for the chart to react by correcting or consolidating at an objective and then either resuming its move or reversing trend. Best utilized in conjunction with other technical tools, PriceCounts offer one more way to analyze charts and help to manage your positions and risk. Learn more at www.qtchartoftheday.com
Trading in futures, options, securities, derivatives or OTC products entails significant risks which must be understood prior to trading and may not be appropriate for all investors. Past performance of actual trades or strategies is not necessarily indicative of future results.

  • Hundreds of “Hands Free” Automated Systems to Choose from!

Are you too busy to trade? Perhaps you’re not confident enough and you’re trading. Maybe you’re looking to the diversify your own trading with algorithmic trading or what we call automated trading. Browse over 500 trading systems. Review back test results, live results, drawdowns, returns and much more!!
Sign Up for a Free Personalized Consultation with a Broker from Cannon Trading Company
Questions about the markets? trading? platforms? technology? trading systems? Get answers with a complimentary, confidential consultation with a Cannon Trading Company series 3 broker.

  • Trading Levels for Next Week

Daily Levels for June 5th, 2022
Would you like to receive daily support & resistance levels?
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No

Weekly Levels

#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

 

  • Trading Reports for Next Week

First Notice (FN), Last trading (LT) Days for the Week: www.mrci.com 

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 herein 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 judgment in trading.

 

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.

10 FAQs To Ask When Shopping for Futures Brokers

May 27th, 2023 Filed under Future Trading News, Futures Broker | Comment (0)

Find out more about futures brokers at Cannon Trading Company here.

When shopping for a futures broker, it’s important to ask the right questions to ensure that you choose a broker that meets your trading needs. Here are 10 important questions to ask when shopping for a futures broker.

  1. What futures products do you offer?
    The first question to ask a futures broker is what futures products they offer. Look for a broker that offers a wide variety of futures products, including agricultural, energy, metals, interest rates, and equity indexes. The more products a broker offers, the more opportunities you’ll have to diversify your portfolio and find profitable trades.
  2. What trading platforms do you support?
    The next question to ask a futures broker is what trading platforms they support. Look for a broker that supports multiple trading platforms, including desktop, web, and mobile. This will allow you to access the markets from anywhere at any time and choose the platform that best fits your trading style.
  3. What are your commission and fee structures?
    Commission and fee structures can vary widely among futures brokers, so it’s important to ask about them upfront. Look for a broker that offers low commissions, margin rates, and transaction fees. However, it’s important to keep in mind that low fees may come with trade-offs, such as limited trading tools or resources.
  4. What is your margin requirement?
    Margin requirements can also vary among futures brokers, so it’s important to ask about them upfront. Margin requirements are the amount of money you need to have in your account to open a futures position. Look for a broker that offers reasonable margin requirements that align with your trading style and risk tolerance.
  5. What is your customer support like?
    Customer support is a critical aspect of futures trading, so it’s important to ask about it upfront. Look for a broker that offers reliable customer support that is available 24/7. Ask about the broker’s support channels, such as phone, email, and live chat, and how quickly they respond to inquiries.
  6. What is your regulatory status?
    Regulation is an important aspect of futures trading, as it helps ensure that brokers operate within legal guidelines and are held accountable for any misconduct. Ask about the broker’s regulatory status and which regulatory authorities they are registered with. Look for brokers that are registered with reputable regulatory authorities, such as the Commodity Futures Trading Commission (CFTC) or the National Futures Association (NFA).
  7. How do you handle risk management?
    Risk management is a critical aspect of futures trading, as it helps traders minimize their losses and protect their capital. Ask about the broker’s risk management tools and how they help traders manage their risk. Look for brokers that offer stop loss orders, limit orders, and other risk management tools.
  8. What educational resources do you offer?
    Education and training are essential for traders who want to improve their skills and stay up-to-date on the markets. Ask about the broker’s educational resources, such as webinars, tutorials, and articles, that can help you learn the basics of futures trading and develop advanced trading strategies.
  9. Do you offer a demo account?
    A demo account is a useful tool for traders who want to test the broker’s platform and practice trading strategies without risking real money. Ask about the broker’s demo account and how it simulates real trading conditions. This will allow you to familiarize yourself with the platform and test your strategies in a risk-free environment.
  10. What is your track record?
    Finally, ask about the broker’s track record and experience in the futures industry. Look for brokers that have a proven track record of success and experience in the markets you’re interested in trading. Ask for references from other traders, and read reviews and testimonials to get a sense of the broker’s reputation.

Asking the right questions when shopping for a futures broker is essential for finding a futures broker that will suit your needs and help you trade responsibly and professionally.

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.


Debt Ceiling & Memorial Day Trading Hours

May 24th, 2023 Filed under Commodity Brokers, Commodity Trading, Day Trading, Future Trading News, Futures Broker, Metal Futures | Comment (0)

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

The Rest of the Trading Week Ahead:

By Mark O’Brien, Senior Broker

 

General:

This week more than most (and just wait ‘til next week), Washington D.C. holds the key to price action in the futures markets and more broadly, global economic sentiment. As of this writing, there are still no signs that negotiations regarding the raising of the U.S. borrowing level are approaching a breakthrough. Futures markets – particularly ones in the financial sector such as interest rate instruments, equity indexes and currencies are justified in their unease. If the U.S. government misses an interest payment and defaults on its debt, even for just a few hours next week, its creditworthiness could suffer long-lasting consequences. For proof, just examine the plans being made by this country’s three major ratings companies — S&P Global Ratings, Moody’s and Fitch Ratings. All three are prepared to lower the rating of the United States as a borrower and not just temporarily if lawmakers come to a late agreement. More proof: in 2011, even though a debt-limit deal was reached, the U.S. lost its S&P AAA credit rating – lowered to AA+ – and has not recovered since.

 

Metals:

Copper, ever eyeing the economic conditions within the world’s biggest consumer: China, continued to be disappointed in that country’s flagging recovery and slid to lows not seen since last November. The July contract lost over 10 cents today, intraday, a ±55-cent / $13,500 slide since the beginning of April.

 

Softs:

Today’s intraday high of $2.9590 per pound in July orange juice marks a new all-time high for this famed commodity (remember Eddie Murphy in Trading Places) reestablishing a significant price increase from ±$2.00 at the beginning of the year. The latest surge – a mere eight trading sessions – elevated prices ±55 cents – a ±$8,250 move.

 

Currency:

More often observed for guidance on other markets’ direction, the U.S. Dollar Index has cautiously moved up ±370 points / $3,700 off its lows near 100.00, a level down through which it has unsuccessfully tried to puncture three times this year, most recently at the beginning of the month.

 

It can’t be understated as we approach the date an agreement would need to be in place to deal with our federal government’s debt limit (approximately June 1) that traders across the commodities spectrum – including the aforementioned as well as metals, energies, even agricultural products – need to take heed when entering the markets. As we approach that point in time, markets may be more and more on a knife-edge and quick to react. While it’s more fortunate that the situation is “local,” as opposed to being influenced by international affairs and any developments tend to reported at a fast pace, trade with caution and alertness.

 

Plan your trade and trade your plan. 

 

Memorial Day 2023 Futures Trading Schedule

Memorial Day 2023 Futures Trading Schedule

 

 

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

for 05-25-2023

#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

Economic Reports, Source: 

Forexfactory.com

 

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.


FOMC Minutes this week, Flash PMI Tomorrow

May 22nd, 2023 Filed under Charts & Indicators, Commodity Brokers, Commodity Trading, Future Trading News, Futures Broker, Futures Trading, Trading Guide | Comment (0)

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

 

The Week Ahead:

By John Thorpe, Senior Broker

THIS WEEK FOMC Minutes will be the big mover in addition to ongoing Debt limit increase negotiations between The Executive and Legislative branches of government. Minutes of the FOMC meeting of May 2-3 will be released on Wednesday at 1:00PM CDT. In the immediate wake of the FOMC statement there was optimism that Fed policymakers were leaning toward a pause in interest rates after a swift raising of the fed funds target range by 500 basis points that began 13 months ago. However, Fed Chair Jerome Powell pushed back against that perception in his press briefing on May 3. Although, he did say last week that tight credit conditions may limit the need for further policy tightening. In the weeks since the meeting, other Fed policymakers have cautioned against being too certain that more rate hikes are not on the way.

The minutes are likely to reinforce these views, and that these views probably haven’t shifted. The economic data released in recent weeks point to a still strong labor market and continued stubborn inflation. This is the formula that has kept the Fed on a path of further tightening to address imbalances in the labor supply/demand and reduce demand for goods and services that are pushing up prices.

 

Plan your trade and trade your plan. 

 

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

for 05-23-2023

#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

 

Economic Reports, Source: 

Forexfactory.com

 

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.


Futures Trading Brokers of Cannon Trading Company

May 18th, 2023 Filed under Future Trading News, Future Trading Platform, Futures Broker | Comment (0)

Futures Trading Brokers

Read more about trading through a Cannon Trading Company futures trading broker here

When it comes to futures trading, having the right broker on your side can make all the difference. At Cannon Trading Company, you’ll find a team of seasoned futures trading brokers who have been in business for a while and have a wealth of experience and knowledge to share. In this article, we’ll take a closer look at the benefits of working with a seasoned futures trading broker and how Cannon Trading Company’s team of brokers can change your outlook on trading commodities and futures.

  1. Experience and Knowledge:
    One of the primary benefits of working with a seasoned futures trading broker is their experience and knowledge. Cannon Trading Company’s team of brokers has years of experience in the industry and has worked with a variety of clients, from individual traders to institutional investors. This experience allows them to provide clients with sound advice and guidance, helping them to navigate the complex world of futures trading.

    In addition to their experience, Cannon Trading Company’s brokers have a wealth of knowledge about the markets and the factors that can affect commodity prices. They stay up-to-date on the latest market trends and news, and they use this information to provide clients with informed recommendations on trades.

  2. Personalized Service:
    Another benefit of working with a seasoned futures trading broker is the personalized service they provide. Cannon Trading Company’s brokers take the time to understand their clients’ goals, risk tolerance, and trading styles, and they tailor their recommendations accordingly. They work closely with clients to develop trading strategies that are specific to their needs and objectives, and they provide ongoing support and guidance throughout the trading process.
  3. Execution:
    Cannon Trading Company’s team of brokers is known for their efficient execution of trades. They have a proven track record of executing trades promptly and at the best possible prices, and they use advanced trading technologies to ensure that clients’ orders are filled quickly and accurately.
  4. Transparency:
    Transparency is an essential quality of a good futures trading broker, and Cannon Trading Company’s brokers are committed to providing clients with clear information on fees, commissions, and other costs associated with trading. They are upfront about any conflicts of interest that may arise in their dealings with clients, and they are always available to answer clients’ questions and concerns.
  5. Risk Management:
    Effective risk management is critical in futures trading, and Cannon Trading Company’s brokers understand this. They work closely with clients to develop risk management strategies that are tailored to their specific needs and objectives. They provide clients with guidance on position sizing, stop-loss orders, and other risk management techniques, helping them to minimize their exposure to market volatility.
  6. Education:
    Finally, Cannon Trading Company’s brokers are committed to educating their clients about the futures markets. They offer a variety of educational resources, including webinars, tutorials, and trading guides, to help clients improve their trading skills and make informed decisions about their trades. They also provide clients with regular market analysis and commentary, helping them to stay up-to-date on the latest market trends and news.

    Working with a seasoned futures trading broker can change your outlook on how to trade commodities and futures. Cannon Trading Company’s team of brokers possesses the experience, knowledge, and personalized service needed to help clients succeed in the futures markets. They are transparent, efficient, and committed to providing clients with the guidance and support they need to make informed trading decisions. If you’re looking for a futures trading broker that can help you achieve your trading goals, consider working with Cannon Trading Company.

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.

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