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Futures Brokers: What to look for, and what to avoid when picking a broker to trade through

Find out more about futures brokers here.

Futures brokers play a critical role in the futures trading market. They are intermediaries between the buyers and sellers of futures contracts, facilitating the trading process and ensuring that trades are executed smoothly. The quality of service provided by futures brokers can vary widely, and it is essential for traders to carefully consider the qualities of a good futures broker before choosing one to work with.

Consistent qualities of a GOOD futures broker:

  1. Knowledge and Experience: A good futures broker should possess a deep understanding of the futures markets, including the underlying assets, market trends, and trading strategies. They should have a wealth of experience in the industry, allowing them to provide sound advice to their clients.
  2. Reliability: A good futures broker should be reliable, trustworthy, and responsive to their clients’ needs. They should be available to assist clients at all times, promptly responding to phone calls, emails, and other forms of communication.
  3. Transparency: A good futures broker should be transparent in their dealings with clients, providing them with clear information on fees, commissions, and other costs associated with trading. They should also disclose any conflicts of interest that may arise in their dealings with clients.
  4. Technology: A good futures broker should have a robust and reliable trading platform, providing clients with fast and efficient access to the markets. They should also provide clients with access to real-time market data and other trading tools to help them make informed decisions.
  5. Support: A good futures broker should provide clients with comprehensive support, including educational resources, trading analysis, and risk management advice. They should also provide clients with access to a team of experienced traders who can provide guidance and support when needed.

Consistent qualities of a BAD futures broker:

  1. Lack of Knowledge and Experience: A bad futures broker may lack the knowledge and experience necessary to provide clients with sound advice. They may not have a deep understanding of the markets or the trading strategies needed to be successful.
  2. Unreliability: A bad futures broker may be unreliable, failing to respond promptly to clients’ needs or failing to execute trades in a timely manner. They may also be unresponsive to clients’ requests for information or support.
  3. Lack of Transparency: A bad futures broker may not be transparent in their dealings with clients, hiding fees, commissions, and other costs associated with trading. They may also fail to disclose conflicts of interest that may arise in their dealings with clients.
  4. Poor Technology: A bad futures broker may have a poorly designed or unreliable trading platform, causing delays, errors, and other issues for clients. They may also fail to provide clients with access to real-time market data or other trading tools needed to make informed decisions.
  5. Lack of Support: A bad futures broker may not provide clients with comprehensive support, leaving them to fend for themselves when it comes to trading analysis, risk management, and other critical aspects of trading.

Choosing a good futures broker is critical to a trader’s success in the futures markets. Traders should carefully consider the qualities of a good futures broker and choose one that possesses the knowledge, experience, reliability, transparency, technology, and support needed to be successful. By doing so, traders can ensure that they have a trusted partner to guide them through the complex world of futures trading, helping them to achieve their financial goals. Conversely, traders should be wary of bad futures brokers who lack the essential qualities needed to provide effective support and guidance, potentially costing them time, money, and opportunities in the market.

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 at E-Futures.com today.

DisclaimerTrading 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.

CPI tomorrow & Gold Trading Challenge

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

 

Highly anticipated CPI tomorrow!! Markets will get volatile, be aware!

 

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

 

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

5-10-2023

#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.

Trading Techniques for Nasdaq Futures

Learn more about Nasdaq futures here.

Nasdaq Futures is one of the most popular trading instruments for traders who are looking to capitalize on the volatility of the technology sector. Nasdaq Futures is a contract that tracks the performance of the Nasdaq 100 Index, which consists of 100 of the largest non-financial companies listed on the Nasdaq Stock Exchange. In this article, we will discuss popular trading techniques for Nasdaq Futures.

1. Trend-following strategy
One of the most popular trading techniques for Nasdaq Futures is the trend-following strategy. This strategy involves identifying the direction of the trend and trading in the direction of the trend. The trend can be identified using technical indicators such as moving averages, trend lines, and the Relative Strength Index (RSI). Traders can use these indicators to determine whether the trend is bullish or bearish and enter trades accordingly. The key to success with this strategy is to enter trades early in the trend and exit before the trend reverses.

2. Breakout strategy
The breakout strategy is another popular trading technique for Nasdaq Futures. This strategy involves identifying key levels of support and resistance and trading the breakouts. When the price breaks above a key level of resistance, traders can enter a long position, and when the price breaks below a key level of support, traders can enter a short position. Traders can use technical indicators such as Bollinger Bands, Moving Average Convergence Divergence (MACD), and the Average True Range (ATR) to identify key levels of support and resistance.

3. Scalping strategy
The scalping strategy is a short-term trading technique that involves entering and exiting trades quickly to capture small price movements. This strategy is popular among day traders who are looking to profit from the volatility of the Nasdaq Futures market. Scalping requires a high level of discipline and a good understanding of market dynamics. Traders who use this strategy must be able to quickly identify trading opportunities and execute trades with precision.

4. Position trading strategy
The position trading strategy is a long-term trading technique that involves holding positions for several weeks or months. This strategy is popular among traders who are looking to capitalize on the long-term trends in the technology sector. Position traders must have a good understanding of market fundamentals and be able to identify companies that have strong growth potential. This strategy requires patience and discipline, as traders must be able to withstand short-term price fluctuations.

5. News trading strategy
The news trading strategy is a trading technique that involves trading on the basis of market news and events. Traders who use this strategy must be able to quickly interpret market news and make trading decisions based on the impact of the news on the Nasdaq Futures market. This strategy can be very profitable, but it is also very risky, as market news can be unpredictable and can cause large price movements.

6. Range trading strategy
The range trading strategy is a trading technique that involves trading in a narrow range of prices. This strategy is popular among traders who are looking to profit from the sideways movements in the Nasdaq Futures market. Traders who use this strategy must be able to identify key levels of support and resistance and trade within these levels. This strategy requires patience and discipline, as traders must be able to wait for the right trading opportunities to present themselves.

7. Options trading strategy
The options trading strategy is a trading technique that involves trading options contracts on the Nasdaq Futures market. Options contracts give traders the right, but not the obligation, to buy or sell Nasdaq Futures at a specific price and time. Traders who use this strategy must have a good understanding of options pricing and be able to identify trading opportunities that offer a good risk-to-reward ratio.

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 at E-Futures.com today.

DisclaimerTrading 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.

The Benefits Of Using Cannon Pro As Your Futures Trading Platform

Read more about futures trading platforms here.

Cannon Pro is a futures trading platform that is designed for traders who want to trade futures and options contracts. The platform provides traders with access to real-time market data, advanced charting tools, and a range of order types that enable them to make informed trading decisions quickly and efficiently. In this article, we will discuss some of the benefits of using Cannon Pro as your futures trading platform.

1. Advanced charting tools
Cannon Pro offers advanced charting tools that enable traders to analyze market trends and price movements with precision and accuracy. The platform provides traders with access to a range of chart types, including candlestick, bar, and line charts, as well as over 100 technical indicators that can be customized to suit their trading style. The platform also has a range of drawing tools that enable traders to annotate charts and identify key levels of support and resistance.

2. Real-time market data
Cannon Pro provides traders with real-time market data that enables them to stay up-to-date with market trends and price movements. The platform offers real-time quotes for futures and options contracts, as well as access to market news and analysis that can help traders identify trading opportunities. The platform also has a range of customizable alerts that can be set up to notify traders of price movements, order fills, and other important events.

3. Range of order types
Cannon Pro offers a range of order types that enable traders to execute trades quickly and efficiently. The platform offers market, limit, stop, and stop-limit orders, as well as more advanced order types such as bracket orders and trailing stops. These order types enable traders to implement a wide range of trading strategies, from simple to complex, and can help them manage risk and maximize their potential returns.

4. Risk management tools
Cannon Pro provides traders with a range of risk management tools that enable them to manage their exposure to market risk. The platform offers real-time margin calculations that enable traders to see their margin requirements in real-time, as well as a range of risk management tools such as stop-loss orders and position sizing calculators. These tools can help traders manage their risk exposure and protect their trading capital.

5. Customizable user interface
Cannon Pro has a customizable user interface that enables traders to tailor the platform to suit their trading style. The platform allows traders to create multiple workspaces, each with their own set of charts, tools, and layouts. This enables traders to organize their trading environment in a way that suits their needs and preferences, and can help them stay focused and productive while trading.

6. Excellent customer support
Cannon Pro provides excellent customer support to its users. The platform has a team of experienced support staff who are available to answer questions, provide guidance, and help traders resolve any issues or concerns they may have. The platform also offers a range of educational resources, including webinars, video tutorials, and written guides, that can help traders improve their trading skills and knowledge.

In conclusion, Cannon Pro is a futures trading platform that offers traders a range of advanced tools and features that can help them make informed trading decisions quickly and efficiently. The platform offers advanced charting tools, real-time market data, a range of order types, risk management tools, a customizable user interface, and excellent customer support. If you are a futures trader looking for a powerful and reliable trading platform, Cannon Pro is definitely worth considering.

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 at E-futures.com today.

DisclaimerTrading 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.

The Invaluable role Futures Brokers play in the Commodities Market

Find out more about futures brokers at Cannon Trading Company here

Futures brokers are professionals who facilitate the trading of futures contracts between buyers and sellers. Futures contracts are agreements to buy or sell a particular asset at a predetermined price and date in the future. The futures market is an essential part of the financial industry, and futures brokers play a crucial role in facilitating trades and ensuring market liquidity. In this article, we will discuss the important role that futures brokers serve in the futures market.

1. Providing access to the futures market

One of the primary roles of futures brokers is to provide clients with access to the futures market. Futures brokers work with clients to open trading accounts and provide them with access to the various futures exchanges. Without futures brokers, many traders would not have access to the futures market, as the exchanges typically require traders to go through a broker to participate.

2. Facilitating trades

Futures brokers play a critical role in facilitating trades between buyers and sellers. Brokers also help clients determine the appropriate contract size and margin requirements for the trade.

3. Providing market information and analysis

Futures brokers provide clients with access to market information and analysis, which can help them make informed trading decisions. Brokers may provide clients with research reports, market news, and analysis of market trends and price movements. This information can be invaluable to traders, as it can help them identify opportunities and manage risk.

3. Offering trading platforms and tools

Futures brokers offer clients access to trading platforms and tools that can help them execute trades more efficiently and effectively. Trading platforms provide clients with real-time market data and allow them to place orders and monitor their positions. Brokers may also offer trading tools such as charting software, technical analysis tools, and risk management tools that can help traders make better trading decisions.

4. Providing risk management services

Futures brokers provide clients with risk management services that can help them manage their exposure to market risk. Brokers may offer clients access to hedging strategies that can help them reduce their risk exposure and protect their portfolios. Brokers may also provide clients with access to margin financing, which can help clients leverage their trading capital and increase their potential returns.

5. Maintaining compliance with regulatory requirements

Futures brokers play a critical role in maintaining compliance with regulatory requirements. Brokers are required to comply with a wide range of regulations and guidelines, including those related to client funds, record-keeping, and disclosure requirements. Futures brokers must maintain strict compliance with these requirements to ensure that clients’ funds are safe and that the integrity of the futures market is maintained.

6. Providing customer service and support

Futures brokers provide clients with customer service and support throughout the trading process. Brokers are available to answer questions, provide guidance, and help clients resolve any issues or concerns they may have. This support can be invaluable to clients, particularly those who are new to the futures market.

In conclusion, futures brokers play a critical role in the futures market by providing access to the market, facilitating trades, providing market information and analysis, offering trading platforms and tools, providing risk management services, maintaining compliance with regulatory requirements, and providing customer service and support. If you are interested in trading futures contracts, consider working with a futures broker to help you navigate the complex and dynamic futures market. A good futures broker can provide you with the tools and resources you need to make informed trading decisions.

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 at E-futures.com today.

DisclaimerTrading 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.