Choosing the Right Futures and Commodity Trading Brokers

Find out more about futures trading with Cannon Trading Company here.

In the world of futures and commodity trading, finding a reliable broker is paramount. Traders seek brokers that offer transparency, knowledge, quick execution, and good regulatory standing. They want a broker who not only provides the tools for trading but is also there to assist promptly when issues arise. Among the reputable players in this industry, Cannon Trading stands out as an excellent choice. In this comprehensive guide, we will explore the key factors that make Cannon Trading a top choice for futures and commodity traders, including their 4.9 out of 5-star TrustPilot ranking.

Futures and Commodity Trading Brokers: A Vital Link
Futures and commodity trading are financial markets where participants speculate on the future prices of various assets, from agricultural products to energy resources and financial instruments. To access these markets, traders rely on brokers, who act as intermediaries, providing the necessary infrastructure, trading platforms, and access to exchanges. It’s crucial to choose a broker that not only facilitates trading but also offers valuable services and assistance, especially in times of need.

The Importance of Transparency, Knowledge, and Quick Executions
When selecting a futures or commodity trading broker, several critical factors come into play:

  1. Transparency: Traders need to know that they are trading in a fair and transparent environment. This includes clear fee structures, accurate market data, and fair execution practices.
  2. Knowledge: Brokers should possess in-depth knowledge of the markets they serve. They should provide clients with insightful market analysis, educational resources, and expert guidance to help them make informed trading decisions.
  3. Quick Executions: In the fast-paced world of futures and commodities, timely execution of orders is essential. Delays can lead to missed opportunities or increased risks.
  4. Regulatory Standing: A reputable broker should be in good standing with relevant regulatory bodies, such as the Commodity Futures Trading Commission (CFTC) and the National Futures Association (NFA) in the United States. Regulatory compliance ensures a higher level of trust and security for clients.
  5. Customer Support: A broker’s ability to pick up the phone immediately and assist clients in resolving issues is a critical aspect of their service. Effective customer support can make a significant difference in a trader’s experience.

Cannon Trading: A Trusted Name in Futures and Commodity Brokerage
Cannon Trading, with its decades-long presence in the industry, has garnered a strong reputation for providing the transparency, knowledge, quick executions, and regulatory standing that traders seek. Here’s why Cannon Trading is highly recommended:

  1. Exceptional Transparency
    Cannon Trading prides itself on transparency in all aspects of its services. Their fee structures are clear and competitive, ensuring that traders have a comprehensive understanding of their costs. This transparency extends to order execution, where traders can expect fair and efficient execution practices.

  2. In-Depth Knowledge
    Cannon Trading’s team consists of industry experts with a deep understanding of futures and commodity markets. They offer clients valuable insights, market analysis, and educational resources to enhance their trading knowledge. Whether you’re a novice or an experienced trader, you’ll find their guidance invaluable.
  3. Quick Executions
    In the world of futures and commodities, timing is crucial. Cannon Trading provides traders with access to advanced trading platforms that offer fast and reliable order execution. This ensures that traders can seize opportunities as they arise without delays.
  4. Regulatory Compliance
    Cannon Trading operates with the highest level of integrity and is in good standing with regulatory bodies such as the CFTC and NFA. This commitment to compliance offers clients peace of mind, knowing that they are trading with a reputable and regulated broker.
  5. Exceptional Customer Support
    One of the standout features of Cannon Trading is its dedication to customer support. The firm’s support team is known for picking up the phone immediately to address client inquiries or resolve issues promptly. This level of responsiveness is a testament to their commitment to client satisfaction.

Variety of Futures Trading Software
Cannon Trading understands that traders have diverse preferences and requirements when it comes to trading platforms. That’s why they offer a wide variety of futures trading software options to cater to different needs:

– E-Futures Software: E-Futures is known for its user-friendly interface, real-time market data, and advanced charting tools. It’s suitable for traders of all levels.
– E-Futures International: This platform provides access to global markets, making it ideal for those interested in international futures trading. It offers multi-currency support and access to various asset classes.
– CannonPro Trading Software: Designed for professional and institutional traders, CannonPro offers low-latency execution, advanced order types, and extensive customization options.

Why Choose Cannon Trading
Cannon Trading’s reputation for transparency, knowledge, quick executions, and regulatory compliance make it a standout choice for futures and commodity traders. Here are some compelling reasons why you should consider Cannon Trading for your trading needs:

  1. TrustPilot 4.9 out of 5 Stars
    Cannon Trading’s TrustPilot rating of 4.9 out of 5 stars is a remarkable achievement. This high rating reflects the consistent satisfaction of their clients and is a strong indicator of the quality of their services.
  2. Comprehensive Support
    Cannon Trading goes beyond just providing trading platforms. They offer a comprehensive support system, including educational resources, market analysis, and expert guidance. Their team is readily available to assist clients in navigating the complexities of futures and commodity trading.
  3. Diverse Trading Software
    The availability of a wide range of trading software ensures that traders can find a platform that suits their specific needs and preferences. Whether you’re a beginner or a seasoned professional, Cannon Trading has a platform for you.
  4. Industry Experience
    With over three decades of experience, Cannon Trading has a proven track record of serving the needs of futures and commodity traders. Their longevity in the industry speaks to their reliability and commitment to client success.
  5. Regulatory Integrity
    Cannon Trading operates in full compliance with regulatory requirements, instilling confidence in traders that they are trading with a reputable and trustworthy broker.

Choosing the right futures and commodity trading broker is a crucial decision for traders. Cannon Trading, with its stellar reputation for transparency, knowledge, quick executions, and regulatory compliance, is a standout choice. Their 4.9 out of 5-star TrustPilot rating is a testament to their dedication to client satisfaction. With a diverse range of trading software and a commitment to providing comprehensive support, Cannon Trading is well-equipped to serve the diverse needs of futures and commodity traders, helping them navigate the intricacies of these dynamic markets with confidence and success.

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.

 

Futures Trading and Hedging

Find out more about hedging with Cannon Trading Company here.

In the ever-evolving landscape of financial markets, futures trading has emerged as a powerful mechanism for risk mitigation, particularly in the realm of commodities. This strategic approach enables producers, farmers, and various entities to hedge against price volatility, ensuring stability and safeguarding their financial well-being. Through futures contracts, these market participants can navigate uncertainties while embracing the potential for gains. One shining example of a brokerage in this field is Cannon Trading Company, a renowned institution that has earned a TrustPilot ranking of 4.9 out of 5 stars, reflecting their commitment to excellence in futures trading and hedging.

Understanding Hedging

At its core, hedging is a proactive strategy designed to minimize potential losses caused by price fluctuations. It involves taking an offsetting position in a related security or contract to neutralize the impact of adverse price movements. Hedging aims to ensure price predictability, offering a protective shield against market volatility. By locking in prices through futures contracts, entities can mitigate the risk associated with fluctuating market conditions.

Evolution of Futures Trading for Risk Mitigation

Futures trading has a rich history that dates back centuries, originating with farmers and producers seeking to secure stable prices for their products. In the context of agriculture, a farmer could plant crops with confidence, knowing that price fluctuations wouldn’t jeopardize their financial stability. This concept gradually extended to other commodities, including energy products like oil, where geopolitical events and global demand can trigger price swings.

The essence of futures trading lies in the ability to transfer risk from one party to another. For instance, an oil producer concerned about falling prices can sell futures contracts, effectively locking in a selling price. Conversely, a buyer, such as an airline company reliant on fuel, can buy oil futures contracts to hedge against rising fuel costs.

Over time, the futures market has evolved to include various asset classes beyond commodities, such as financial instruments, indices, and even cryptocurrencies. This expansion has allowed a broader range of market participants to engage in hedging and risk management.

Hedging for Farmers and Producers

Farmers and producers are among the most prominent beneficiaries of futures trading and hedging practices. The agricultural sector is inherently exposed to unpredictable variables, including weather patterns, pests, and diseases. These factors can dramatically impact crop yields and, consequently, market prices. By engaging in futures trading, farmers can secure prices for their crops well in advance, effectively locking in their profit margins regardless of how market conditions evolve.

Consider a scenario where a wheat farmer anticipates a bountiful harvest but is concerned about a potential drop in wheat prices. The farmer can enter into a futures contract to sell a specific quantity of wheat at a predetermined price. Even if prices plummet due to oversupply or other factors, the farmer is protected by the agreed-upon price in the futures contract, ensuring a steady income stream.

Cannon Trading Company: A Beacon of Excellence

Cannon Trading Company stands as a beacon of excellence in the field of futures trading and hedging. With a TrustPilot ranking of 4.9 out of 5 stars, the company’s reputation is a testament to its commitment to client satisfaction, reliable service, and effective risk management solutions.

The high ranking achieved by Cannon Trading Company on TrustPilot underscores several key factors that contribute to their success. Firstly, their transparent and client-centric approach sets the tone for building trust with their clientele. Clear communication, fair practices, and responsive customer service create an environment where clients feel valued and well-informed.

Secondly, Cannon Trading Company’s expertise in futures trading and hedging is a cornerstone of their reputation. Their seasoned professionals understand the intricacies of various markets, enabling them to provide tailored solutions that cater to each client’s unique risk profile and financial goals.

Moreover, the company’s commitment to education further distinguishes them in the industry. They empower their clients with knowledge about futures trading, risk management strategies, and market trends. This educational approach not only helps clients make informed decisions but also fosters a long-term partnership that extends beyond transactions.

In the world of financial markets, futures trading has transcended its origins to become a vital tool for managing risk and uncertainty. For producers, farmers, and market participants, it offers a means to secure stable prices in the face of volatile market conditions. Through futures contracts, these entities can hedge against adverse price movements, ensuring stability and financial well-being.

Cannon Trading Company’s remarkable TrustPilot ranking of 4.9 out of 5 stars exemplifies their dedication to excellence in futures trading and hedging. By prioritizing transparency, expertise, and education, they have positioned themselves as leaders in the industry, empowering clients to navigate the complexities of futures markets with confidence and success. As markets continue to evolve, futures trading remains a cornerstone of risk management strategies, enabling participants to embrace opportunities while safeguarding against potential losses.

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.

Top 5 mistakes traders make and 4th of July trading hours 6.29.2017

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Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!! 

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Excellent, short article by yours truly…..

Trading Futures: 5 Big Mistakes Beginners Should Avoid Making

 Trading futures is a tough business, but if you are one of the very few that can succeed, this could be a very lucrative business as well

Ilan Levy-Mayer| June 27, 2017 |

I have seen quite a bit since I became a broker in 1998. Some war stories to share about the markets, some crazy moves and much more in between. I was trading futures with clients on the sad Sept. 11th 2001 day when the planes hit and the markets were plunging before they were closed for almost a week. I witnessed the meat contracts making limit up and limit down moves over the years and much more…..

Continue reading “Top 5 mistakes traders make and 4th of July trading hours 6.29.2017”

Walk before you Run!! – Trading Futures 6.21.2017

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Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!! 

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Walk before you run

By Cannon Trading staff

The image of a successful futures trader is that of a lone wolf surveying the landscape looking for an opportunity to attack and seize quick and substantial profits. We all know about the potential for making a fortune in the futures markets. Yet, few do so. Why is that? What are some of the common pitfalls that prevent this dream from becoming a reality for most futures traders? Continue reading “Walk before you Run!! – Trading Futures 6.21.2017”

Mental Stops? – Trading Futures 8.25.2016

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

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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 Thursday August 25, 2016

Hello Traders,

Greetings!

Mental Stops…..

Every so often I hear clients tell me, ” they don’t use hard stops…they use mental stops”

While the mental stop idea can work 8 out of 10 times, the 1-2 times it does not work will wipe out your account.

Try using mental stops when you were trading crude yesterday and all of a sudden news about Iran looking to comply with production hit the market and market went up over 80 cents in few minutes…

or maybe you had a mental stop on long gold early this morning when all of a sudden in a few minutes gold dropped $14 per contract.

I have seen it happen before with the SP and other stock indices, I have seen it happen in all markets I watch and trade at one time. it’s not a question if, but rather when. Big moves happened and will happen. Not every day, not in every market at the same time but they will happen in all markets at one given time or another.

So unless you have unlimited amounts of risk capital and/ or crystal ball-  use hard stops in the system OR learn how to hedge your positions using options and weekly options.

Continue reading “Mental Stops? – Trading Futures 8.25.2016”

Walk Before You Run When Trading Futures 1.05.2016

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 Tuesday January 5, 2016

Hello Traders,

For 2015 I would like to wish all of you discipline and patience in your trading!

Voted #1 futures trading blog!

Hope everyone had a great holiday season and some time off with family and friends. I wish all of you the best in trading in 2016 specifically and in all aspects of life in general.

Great article to start your trading in 2016:

Walk before you run

By Cannon Trading staff

The image of a successful futures trader is that of a lone wolf surveying the landscape looking for an opportunity to attack and seize quick and substantial profits. We all know about the potential for making a fortune in the futures markets. Yet, few do so. Why is that? What are some of the common pitfalls that prevent this dream from becoming a reality for most traders?

One of the most prevalent misconceptions for inexperienced traders is that they believe themselves to be smarter than the rest of the market participants. They under estimate the qualifications and abilities of the rest of the futures markets professionals. This business of trading is dominated by very dedicated, resourceful professionals who have invested lots of time and assets into their pursuit of trading profits. Competing against these seasoned professionals is not impossible but going it alone, especially initially, is usually not the most prudent course of action for new traders.

Continue reading “Walk Before You Run When Trading Futures 1.05.2016”

Volatility returns to Energy and Metal Futures; Economic Reports and Levels 9.03.2014

Hello Traders,

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

It seems that both volume and volatility came back from the long weekend…

BIG moves in energy and metals sector along with improved range and volume in stock indices.

I suspect this will continue the rest of this week with more reports ahead including Friday’s monthly employment levels.

Something my colleague mentioned to me today reminded me how “unnatural” trading can be for the human mind….As we are executing some trading systems on behalf of clients here at Cannon, one of the trading systems is a breakout system which caught the big sell off today in Crude, heating oil and gold ….( this is by no means to say that this system does this every day or anything of the sort but simply to provide an example of the following….): As the markets were moving in the direction the system wanted , my colleague mentioned, ” wish we could take profits now…” and it reminded me of one of the basic mistakes we all do. Taking profits too early and letting losses ride too long…The system which we execute under a letter of direction, ended up making quite a bit more by riding the trend rather than “taking profits now”  and while this is not to imply that this happens all the time, my opinion is that many traders , day traders and long term traders take out profits too quickly and stay in losers too long. The reason? Our human mind wants to see the profits as “ours”, i.e closed profits so we can know for sure this was a win….vise versa on the losing side…we refuse to close losses  because as long as the trade is open we have a chance for it to reverse, once we close it, it is a done deal, it is a closed losing trade….

So the point of the story is, that many times while trading we need to fight the urge to do what feels comfortable and rather do what we researched and believed produce results over time (assuming you do have a method/concept you researched and believed in…..)

Wishing you a great trading month ahead!

 

 

Keeping a Futures Trading Journal, Economic Reports & Levels 8.28.2014

Hello Traders,

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

 

The EXTREMELY low volume today ( as well as last few days…) made me go look in my trading journal where sure enough I wrote down that the week before Labor Day is usually lower volume and a good time to take some days off….( too bad I did not schedule some vacation time LOL)
The point of the story is that keeping a trading journal has MANY ADVANTAGES….and I highly recommend it.

I keep notes on the following:

  • different methods I test
  • Market behavior during different economic reports
  • Things I did well, mental state of mind
  • Mistakes I have made, the reasons I did and how I can try to avoid these mistakes
  • Different indicators, chart settings, ideas I read about
  • Different codes I created for my charts
  • Much more…

Many times the journal will help me put closure on a bad day but more so it helps keep track of work I have done so I don’t have to do it again.

 

Try it. It is not easy, especially after bad days….it takes time, energy and consistency – just like trading. I keep mine on a word doc so I can easily access it ( plus my hand writing is terrible). Hope this tip helps and wishing you good trading!
PS: About low volatility and volume, its a cycle and times of much higher volume and volatility are proably very near…. Continue reading “Keeping a Futures Trading Journal, Economic Reports & Levels 8.28.2014”

Futures Mini Indices Volume and Mini S&P Chart 4.22.2014

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 Tuesday April 22, 2014

Hello Traders,

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

Extremely light volume in the markets today as Europe was still on a holiday. Volume in the mini SP contract was about 35% of the average normal daily volume as of lately. I suspect that both market participants and volatility should return tomorrow from the Easter holiday.

Daily chart of the mini SP for your review below:

805

Continue reading “Futures Mini Indices Volume and Mini S&P Chart 4.22.2014”

Setting Daily Profit Target and Money Management for Futures Trading 4.10.2014

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 Thursday April 10, 2014


Hello Traders,

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

I wrote a good article a few years back about day trading money management and one of my points was that it is my personal opinion that if a day trader sets a daily target profit and walks away when he or she achieves that target, they will fare better in the long run.

I might be wrong but think about it, if you are trading a $10,000 account and have a daily profit target of $500. How many times were you there intraday? Would your account equity be in a better shape now if you walked away each day when you made $500 ( in addition to implementing a daily stop level?)

The profit level will be different for each trader based on account size, trading style, aggressiveness level etc. but from talking with many different clients and observing many different clients I think that setting daily profit  AND daily money management will help most traders financially as well as emotionally.

If you want to read the full article and you are a client, simply email me your name and account number and i will email the PDF to you. If you are a prospect, please share with me your trading experience and software you are using and I will be happy to email it to you as well.

Continue reading “Setting Daily Profit Target and Money Management for Futures Trading 4.10.2014”