{"id":18045,"date":"2022-10-17T12:39:24","date_gmt":"2022-10-17T20:39:24","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=18045"},"modified":"2022-10-17T12:47:10","modified_gmt":"2022-10-17T20:47:10","slug":"is-trading-futures-is-better-than-trading-cfds-and-forex-trading-levels-for-october-18-2022","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/is-trading-futures-is-better-than-trading-cfds-and-forex-trading-levels-for-october-18-2022\/","title":{"rendered":"Is Trading futures better than trading CFD’s and Forex?+ Trading levels for October 18, 2022"},"content":{"rendered":"
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Is Trading futures better than trading CFD’s and Forex?<\/h3>\n

By John Thorpe, Senior Broker<\/p>\n

Some may think this statement to be controversial.\u00a0\u00a0Of course other viewpoints are always welcome and it would be fantastic to have an open discussion about the Similarities\/Differences among the trading vehicles.\u00a0\u00a0I can only hope that any traders out there that currently have active accounts with CFD’s or Forex give us a call and increase your opportunities for Success in trading.<\/p>\n

The purpose of being a retail trader is to make money, Not because trading is cool, Not because trading is easy (fast money) but because you want to be profitable.\u00a0\u00a0Trading is a business endeavor.\u00a0\u00a0As with any business you want a level playing field.\u00a0\u00a0\u00a0Briefly,\u00a0 I’ll bet you dollars to donuts your Forex account is not part of a trillion dollar market.<\/p>\n

What your forex account is part of is a slick marketing machine, that offers every trader, trading “Their Market” the same trading platform. A platform developed by the same engineering team that created their own market place.\u00a0\u00a0FX companies tout they are the most liquid markets in the world. When you have an account with an FX company , do they have a trillion dollars in Liquidity?\u00a0\u00a0Laughable.\u00a0\u00a0truth be told, you are trading against the house. Specifically the FX company’s algorithms and market makers.\u00a0\u00a0, what are your chances for success now?\u00a0\u00a0are third party platforms with different tools allowed with your FX trading account?\u00a0\u00a0\u00a0\u00a0in order to have an edge, you want to trade against other retail traders, not the house. FX accounts do not allow you to do this.<\/p>\n

To have a successful trading business you have to begin with the playing field that is the most level and I believe that is futures .\u00a0\u00a0As traders we need to know:\u00a0\u00a0\u00a0How orders are being filled. What orders are being placed above and below. What volumes are going through at each price level and simply, how narrow is the Bid\/Ask Spread\u00a0\u00a0\u00a0all of these are available to the futures trader.<\/p>\n

it’s real time with no delay’s.\u00a0\u00a0\u00a0with Forex we often don’t see those or ,if we see price it may be delayed without us know that it is.\u00a0\u00a0\u00a0\u00a0If you are trading Forex, the company can see your orders,\u00a0\u00a0\u00a0in the futures market, your orders are anonymous..\u00a0\u00a0\u00a0\u00a0There is no free lunch.\u00a0\u00a0If you are truly looking for an edge; better tools, better markets\u00a0\u00a0you have to pay for quality, you can achieve your just rewards , with hard work, in a level playing field Choose Futures:\u00a0\u00a0\u00a0Next week ?\u00a0\u00a0CFD’s vs Futures.<\/p>\n

As always, plan your trade and trade your plan.\u00a0Please contact your broker or Cannon Trading with any questions.<\/a><\/p>\n<\/div>\n

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Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.\u00a0 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.<\/p>\n

Futures Trading Levels<\/strong><\/h3>\n

for 10-18-2022<\/p>\n

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\"#goldfutures
SP500 #ES_FNasdaq100\u00a0 #NQ_FDow Jones\u00a0 #YM_FMini Russell #RTY_FBitCoin Index #BRTI\u00a0SP500 Dec. Gold #GC_F Dec. Silver #SI_F Oct. Crude Oil #CL-F Dec. Bonds\u00a0 #ZB_F Dec. 10 yr\u00a0 #ZN_F Dec. Corn #ZC_F Dec.\u00a0 Wheat #ZW_F Nov. Beans #ZS_F Dec. SoyMeal #ZM_F Oct. Nat Gas #NG_F Dec. Coffee #KC_F Dec. Cocoa #CC_F\u00a0October Sugar #SB_F Dec. Cotton #CT_F Sept.\u00a0 Euro Currency<\/figcaption><\/figure>\n

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Improve Your Trading Skills<\/h2>\n
Get access to proprietary indicators and trading methods,\u00a0consult with an experienced broker<\/a><\/div>\n
\u00a01-800-454-9572\u00a0Explore trading methods.\u00a0Register Here<\/a><\/div>\n


\n<\/a>Economic Reports, Source:\u00a0<\/strong><\/h3>\n

Forexfactory.com<\/a><\/p>\n

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This is not a solicitation of any order to buy or sell, but a current market view provided by\u00a0Cannon Trading Inc<\/a>. Any statement of facts\u00a0here in\u00a0contained are derived from sources believed to be\u00a0reliable,\u00a0but are not guaranteed as to\u00a0accuracy, 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\u00a0judgement\u00a0in trading.<\/p>\n","protected":false},"excerpt":{"rendered":"

Get Real Time updates and more on our private FB group! https:\/\/business.facebook.com\/groups\/1105191589938254\/ Is Trading futures better than trading CFD’s and Forex? By John Thorpe, Senior Broker Some may think this statement to be controversial.\u00a0\u00a0Of course other viewpoints are always welcome and it would be fantastic to have an open discussion about the Similarities\/Differences among the […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[67,230,358],"tags":[],"class_list":["post-18045","post","type-post","status-publish","format-standard","hentry","category-future-trading-news","category-day-trading-2","category-futures-trading-education"],"_links":{"self":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/18045","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/comments?post=18045"}],"version-history":[{"count":3,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/18045\/revisions"}],"predecessor-version":[{"id":18048,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/18045\/revisions\/18048"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=18045"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=18045"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=18045"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}