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Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!
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Dear Traders,
There will be no trading commentary today.
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Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!
____________________________________________________________________
Dear Traders,
There will be no trading commentary today.
____________________________________________________________________
Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!
____________________________________________________________________
Dear Traders,
There will be no trading commentary today.
____________________________________________________________________
Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!
____________________________________________________________________
Dear Traders,
ECB RATE decision tomorrow early. Can be a market mover! ( This is the equivalent of our FOMC but for European Union).
Always know what reports are coming and how they affect the markets you are trading!
Continue reading “ECB Rate Decision Tomorrow & Trading Levels for April 26th 2018”
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Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!
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Dear Traders,
I must admit today’s volatility was tough for me both as a trader and as a broker….
Some days are just losing days….
Don’t fight it. You will have losing days. I have been in the futures industry for 20 years now and never have I met a trader who did not have a losing day…and I will never meet one….impossible.
Understand it and accept it. One of your hardest jobs as a day trader is to make sure a losing day does NOT become a disaster…Our human emotions and our brain is not programmed very well to learn how to lose. Yet one of the key differences between traders and those who try to become “traders”…is that traders first learn how to lose. They understand losing is part of trading. The others, refuse to take a lose and will make many mistakes along the way to make a “normal losing” day into a disaster. That may be carrying positions overnight when they normally don’t, reversing, pyramiding and many other mistakes that they would normally not make. That turns a “normal losing day” (maybe for an acct of $10,000, a normal losing day would be down $500?) into one of those days where they wipe out half of their account if not more….
Sometimes we need to learn how to lose before we can excel in trading.
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Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!
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Dear Traders,
Bitcoin Nipping At Gold Demand
by DEBBIE CARLSON
Supply & Demand
The World Gold Council (WGC), the trade group representing the gold industry, said in its fourth-quarter Gold Demand Trends report that the yellow metal’s global, full-year demand fell by 7% last year. ETF demand in 2017 was one-third of 2016’s pace, although 2016 was the second-highest year on record.
Rhind and Thomas say the people who were interested in bitcoin were drawn to the parabolic price rise, rather than viewing it as having the same risk management role in their portfolio as gold does.
“Almost to the person, they all thought bitcoin was exploding, and they didn’t want to miss ‘the move’ … no one ever mentioned safety to me,” Thomas said.
Continue reading “Gold Demand Hurt by Bitcoin – Levels for Trading on April 24th 2018”
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Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!
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Dear Traders,
A Quick Review of Valuable Reports Made Available by the C.F.T.C. for All Traders
By John Thorpe, Cannon Trading Senior Broker
A data source that escapes many futures traders and should be reviewed if you are a serious position trader are the reports compiled on a weekly basis by our chief regulator, The Commodity Futures Trading Commission CFTC. These reports offer insight into market imbalances, liquidity, and large bank, both domestic and international, participation. I encourage all traders, even day traders, to familiarize yourself with these reports as they provide a salient view of market structure given a particular futures contract as the structure changes over time.
There is:
1.) BPR’s “Bank Participation Rate” reports which, by open interest you can view market imbalances. Bank Participation Rate Webpage
Another report compiled by the CFTC is the:
2.) Net position changes. The Large Trader Net Position Changes and the Trading Account Net Position Changes data provides the public with a view of the amount of trading that results in net changes to positions at the trader level and at the account level. Net Position Changes Webpage
Continue reading “COT Reports and Other Valuable Information Available from the CFTC 4.20.2018”
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Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!
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Author: Joseph Easton, Senior Broker at Cannon Trading
Dear Traders,
There are two types of Wheat most commonly traded…
“Chicago Soft Red Winter (SRW) and KC Hard Red Winter (HRW) are the global industry standards for wheat. Chicago SRW Wheat is the most liquid Wheat futures contract in the world, trading the equivalent of more than 15 million tons each day in 2013-9 ½ times more than the largest European contract. Producers, processors, millers and exporters continue to look to Chicago SRW and KC HRW Wheat for the liquidity that is critical for any risk management solution.
Liquidity means that you can execute positions quickly, effectively and efficiently. Liquidity offers more flexibility in structuring hedging strategies to meet your timing and market needs. And when the world is facing new challenges in Wheat risk management, liquidity provides the security you need in order to respond with confidence” – CME Group
Continue reading “7 things to know before trading Wheat Futures 4.19.2018”
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Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!
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Dear Traders,
If you as a trader would like to chat and exchange ideas with one of our series 3 executives, please feel free to schedule a time for one on one “consultation”. Regardless if you are a client or not, trading can sometimes be a lonely adventure. Our brokers may be able to provide you insight from years of experience, observing other clients, assisting clients with trading and much more! I myself, have picked up many “little ins and outs” by talking to my colleagues, other professionals, webinars and more.
This is a free, no obligation invitation:
https://www.cannontrading.com/services/traders-profile
Continue reading “What will the Markets do Tomorrow? Levels for 4.17.2018”
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Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!
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Dear Traders,
Read our guide which outlines some important futures day trading concepts. It may be beneficial to read this guide before trading commodities on the futures market.
My name is Ilan Levy-Mayer and I am the Vice President and Senior Futures Broker at Cannon Trading.
I came up with the following personal observations after serving online traders worldwide for more than 20 years.
The following steps are guides to progress, and are not necessarily in sequential order. Some of them are always required, but each futures trader is different and will relate to these stages in their own ways. While attempting to learn and progress, one must keep in mind that futures trading is risky and can involve significant losses.
Hopefully if you are already trading you have completed your initial education: contract specs, trading hours, futures brokers, platforms, the opportunities as well as the risk and need to use risk capital in futures, and so on. Understanding this information is essential to futures commodities trading. The second type of education is ongoing: learning about trading techniques, the evolution of futures markets, different trading tools, and more.
Continue reading “Futures Trading Guide – Levels & Reports for April 11th 2018”