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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.

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.

Commodity Brokers and the benefits of trading through an Introducing Broker (IB)

You can find more information about commodity brokers here

Commodity brokers are professionals who help traders buy and sell commodity futures contracts. Commodity futures are contracts that allow traders to buy or sell a commodity at a future date for a predetermined price. The most commonly traded commodities include gold, oil, wheat, and corn. Commodity brokers play an essential role in the commodity futures market, and traders often rely on them for their expertise and knowledge. In this article, we will discuss the benefits of using an introducing broker to trade with a commodity broker.

What is an introducing broker?

An introducing broker (IB) is a type of commodity broker who works with clients to help them open and maintain their trading accounts with a commodity broker. IBs do not execute trades themselves but rather introduce clients to commodity brokers who will execute trades on their behalf. IBs often have a personal relationship with the clients they work with and provide them with a higher level of service than they would receive from a traditional commodity broker.

Benefits of using an introducing broker to trade with a commodity broker –
1. Personalized service
Introducing brokers provide clients with a higher level of personalized service than traditional commodity brokers. IBs often have a personal relationship with their clients and can provide them with tailored advice and guidance on their trading strategies. IBs can also help clients navigate the complex world of commodity futures trading, which can be daunting for inexperienced traders.

2. Access to a wider range of commodity brokers
Introducing brokers work with multiple commodity brokers, which means that they can provide clients with access to a wider range of commodity brokers than they would have if they were working with a single commodity broker. This gives clients more options and allows them to choose a commodity broker that best meets their needs and preferences.

3. Lower trading costs
Introducing brokers often have lower trading costs than traditional commodity brokers. This is because they can negotiate better commission rates with commodity brokers on behalf of their clients. IBs can also provide clients with access to discounted commission rates and other special offers that may not be available to individual traders.

4. Better execution
Introducing brokers can help clients achieve better execution on their trades. This is because IBs often have a personal relationship with the commodity brokers they work with and can leverage this relationship to get better execution on their clients’ trades. IBs can also provide clients with access to trading tools and software that can help them make better trading decisions and execute trades more effectively

5. Risk management
Introducing brokers can help clients manage their risk by providing them with advice on risk management strategies. IBs can also help clients develop trading plans and strategies that are tailored to their individual risk tolerance and financial goals. This can help clients minimize their losses and maximize their profits.

6. Transparency
Introducing brokers provide clients with a higher level of transparency than traditional commodity brokers. IBs are required to disclose their fees and commissions to clients and must provide clients with regular reports on their trading activity. This helps clients better understand the costs associated with their trading and the performance of their portfolio.

7. Convenience
Introducing brokers provide clients with a high level of convenience. IBs can help clients open and maintain their trading accounts, provide them with access to trading platforms and software, and assist them with any issues or concerns they may have. This can save clients a significant amount of time and effort and make their trading experience more efficient and enjoyable.

In conclusion, commodity brokers play an essential role in the commodity futures market, and traders often rely on them for their expertise and knowledge. Using an introducing broker to trade with a commodity broker can provide clients with a higher level of service, access to a wider range of commodity brokers, lower trading costs, better execution, risk management advice, transparency, and convenience. If you are interested in trading commodity futures, consider working with an introducing broker to navigate the complex and volatile world of futures trading.

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.