Tag: Commodity Trading

Day Trading Gold Futures and Silver Futures

Posted on by efuturesadmin

Strategies, Risks, and the Role of E-Futures.com

Learn more about trading futures with E-Futures.com here.

Day trading in the futures market, particularly with gold and silver, has gained significant popularity among investors seeking short-term profits in commodity markets. Gold and silver futures offer unique opportunities for day traders to capitalize on price volatility and market trends. This article explores the nuances of day trading gold and silver futures, emphasizing the importance of choosing an experienced and reputable futures broker such as E-Futures.com, known for its stellar 4.9 out of 5-star rating on TrustPilot.

Day Trading Gold Futures and Silver Futures

Understanding Gold Futures and Silver Futures

Gold and silver are precious metals that have been used as stores of value for centuries. In the futures market, traders can speculate on the future price movements of these metals without actually owning the physical commodities. Gold and silver futures contracts represent agreements to buy or sell a specified amount of these metals at a predetermined price on a future date.

Day Trading Strategies for Gold Futures

Day trading gold futures involves executing short-term trades within the same trading day to capitalize on intraday price fluctuations. Traders employ various strategies to navigate the gold futures market successfully:

Trend Following

Traders may use technical analysis to identify trends in the gold market and take positions in the direction of those trends. Moving averages, support and resistance levels, and trendlines are common tools for trend analysis.

Breakout Trading

This strategy involves entering trades when the price breaks through a significant support or resistance level. Breakout traders aim to capitalize on the momentum created by these price movements.

Range Trading

In range-bound markets, day traders may identify key support and resistance levels and execute trades when the price reaches these boundaries. This strategy relies on the expectation that the price will bounce between established levels.

Day Trading Strategies for Silver Futures

Day trading silver futures shares similarities with day trading gold futures, but there are specific factors unique to silver that traders must consider:

Industrial Demand

Unlike gold, silver has significant industrial applications, which can influence its price. Day traders should be aware of economic indicators and factors affecting industrial demand when trading silver futures.

Gold-to-Silver Ratio

Traders often monitor the gold-to-silver ratio, which measures how many ounces of silver it takes to buy one ounce of gold. Changes in this ratio can signal potential trading opportunities.

Volatility Awareness

Silver tends to be more volatile than gold, presenting both opportunities and risks for day traders. A solid risk management strategy is crucial when trading silver futures.

Choosing the Right Futures Broker: E-Futures.com

Selecting the right futures broker is paramount for day traders aiming for success and longevity in the market. E-Futures.com stands out as a reputable and experienced broker, garnering a remarkable 4.9 out of 5-star rating on TrustPilot. Here’s why E-Futures.com is a preferred choice for day trading gold and silver futures:

Advanced Trading Platforms

E-Futures.com offers cutting-edge trading platforms equipped with real-time data, advanced charting tools, and order execution capabilities. These features are essential for quick decision-making in the fast-paced world of day trading.

Low Latency Execution

Day traders require quick and accurate order execution to capitalize on fleeting market opportunities. E-Futures.com’s low-latency execution ensures that traders’ orders are filled promptly, reducing the risk of slippage.

Educational Resources

E-Futures.com understands the importance of education in day trading. The platform provides a wealth of educational resources, including webinars, tutorials, and market analysis, to empower traders with the knowledge needed to make informed decisions.

Risk Management Tools

Successful day trading is not just about maximizing profits but also about managing risks effectively. E-Futures.com provides risk management tools to help traders set stop-loss orders, manage leverage, and protect their capital.

Customer Support

With a commitment to customer satisfaction, E-Futures.com offers responsive customer support to address queries and concerns promptly. This level of service is crucial for day traders who need timely assistance.

Day trading gold and silver futures can be a lucrative venture for traders who understand the markets and employ effective strategies. Choosing a reliable and experienced futures broker is a critical aspect of ensuring success in this challenging endeavor. E-Futures.com, with its impressive 4.9 out of 5-star rating on TrustPilot, emerges as a top choice for day traders seeking a trustworthy platform equipped with the tools and support necessary for navigating the dynamic world of futures trading. As with any trading activity, it is essential for traders to conduct thorough research, stay informed about market developments, and continuously refine their strategies to adapt to changing market conditions.

Ready to start trading futures? Call US 1(800)454-9572 – Int’l (310)859-9572 email info@e-futures.com and speak to one of our experienced, Series-3 licensed futures brokers and start your futures trading journey with E-Futures.com 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.

**This article has been generated with the help of AI Technology. It has been modified from the original draft for accuracy and compliance reasons.

***@cannontrading on all socials.

CFD Vs. Futures…+ Trading levels for 10.25.2022

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

CFD (Contract For Difference) OR Futures?

By John Thorpe, Senior Broker

Futures Market structure provides a more level playing field for the retail trader than do the Forex and CFD markets. Last week I focused on the differences between Forex and Futures and left a little on the table as it relates to CFD’s, what they are and more importantly what they are not. But again, the focus of last weeks article was not to discuss the differences as much as driving home the point that the futures market gives you, the retail trader, a better shake. It’s a fairer market and offers better opportunities for success, day in and day out.

First, the need to stress to you that futures markets, no matter what hemisphere they are traded in are regulated, CFD’s are not. In Fact, CFD’s are banned in the U.S. and Brazil..

Similarities between CFD’s and Futures:

1.      Leveraged products- you simply need to place a good faith deposit or Margin to speculate on a position.

2.      Multiple markets to trade, from Grains, to Softs, Equity indices to Debt instruments and Metals to Energies.

3.      Both used as hedges.

4.      Derivative’s Both derive their value from underlying instruments.

Differences between CFD’s and Futures

1.      Futures are regulated in the U.S. by both the CFTC and the NFA while CFD’S are not. This lack of oversight of the CFD industry creates transparency issues.  Regulated markets are far more transparent giving the trader of Futures an edge over CFD’s.

2.      Although futures contracts have expiration dates and CFD’s do not, the CFD broker will charge you a carrying charge to hold the position overnight, much like Forex operates.

3.      Futures contracts are more liquid than CFD’s. The Futures contract is a publicly traded entity where all market participants, Hedger’s Institutions, Banks, retail investors are involved in the price discovery process. CFD’s markets are literally bookmakers. You trade against the broker and the broker throws of his/her risk in the regulated futures markets. This results in very wide spreads between the bid and the offer and really penalizes the trader.

4.      Futures offer standardized contract sizes, and often times offering mini sized and micro sized contracts, much like the CFD market does, but again with a transparent market.

if you are looking for transparency and a more level playing field and scratched your head or pounded your fist on the desk because of the problems you may have experienced trading Forex or CFD’s you have nothing to lose, give us a call or send us an email and will work with you to get your account open and trading in a much fairer environment.

As always, plan your trade and trade your plan. Please contact your broker or Cannon Trading with any questions.

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

10-25-2022

#goldfutures #sp500futures #crudeoilfutures # nasdaqfutures #dowfutures #futurestrading #futuresbrokers
SP500 #ES_FNasdaq100  #NQ_FDow Jones  #YM_FMini Russell #RTY_FBitCoin Index #BRTI SP500 Dec. Gold #GC_F Dec. Silver #SI_F Oct. Crude Oil #CL-F Dec. Bonds  #ZB_F Dec. 10 yr  #ZN_F Dec. Corn #ZC_F Dec.  Wheat #ZW_F Nov. Beans #ZS_F Dec. SoyMeal #ZM_F Oct. Nat Gas #NG_F Dec. Coffee #KC_F Dec. Cocoa #CC_F October Sugar #SB_F Dec. Cotton #CT_F Sept.  Euro Currency

Improve Your Trading Skills

Get access to proprietary indicators and trading methods, consult with an experienced broker
 1-800-454-9572 Explore trading methods. Register Here

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.

WYNTK before trading tomorrow, Sept. 21st 2022 Trading Levels

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

Big day tomorrow! More than a few reports including crude oil numbers and most important, FOMC – Fed decision.

 

Looks like the FED will raise rates between 50-75 basis points. currently 75% for 0.75 hike)

 

Countdown to FOMC: CME Fed Watch Tool (cmegroup.com)

 

The exact figure?

 

How many fed governors voted? language? future projections?

 

All these factors will be KEY.

 

The following are my PERSONAL suggestions on trading during FOMC days:

 

·    Reduce trading size

·    Be extra picky = no trade is better than a bad trade

·    Choose entry points wisely. Look at longer time frame support and resistance for entry. Take the approach of entering at points where you normally would have placed protective stops. Example, trader x looking to go long the mini SP at 3725.00 with a stop at 3719.00, instead “stretch the price bands” due to volatility and place an entry order to buy at 3719.75 and place a stop a few points below in this hypothetical example ( consider current volatility along with support and resistance levels).

·    Expect the higher volatility during and right after the announcement

·    Expect to see some “vacuum” ( low volume, big zigzags) right before the number.

·    Consider using automated stops and limits attached to your entry order as the market can move very fast at times.

·    Keep in mind statement comes out at 1 Pm Central time, the news conference which dissects the language comes out 30 minutes later so the volatility window stretches out.

 

·    Know what the market was expecting, learn what came out and observe market reaction for clues

·    Be patient and be disciplined

·    If in doubt, stay out!!

 

As always, plan your trade and trade your plan. Please contact your broker or Cannon Trading with any questions.

Sierra Charts Teton Order Routing demo

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

09-21-2022

#goldfutures #sp500futures #crudeoilfutures # nasdaqfutures #dowfutures #futurestrading #futuresbrokers
SP500 #ES_FNasdaq100  #NQ_FDow Jones  #YM_FMini Russell #RTY_FBitCoin Index #BRTI SP500 Dec. Gold #GC_F Dec. Silver #SI_F Oct. Crude Oil #CL-F Dec. Bonds  #ZB_F Dec. 10 yr  #ZN_F Dec. Corn #ZC_F Dec.  Wheat #ZW_F Nov. Beans #ZS_F Dec. SoyMeal #ZM_F Oct. Nat Gas #NG_F Dec. Coffee #KC_F Dec. Cocoa #CC_F October Sugar #SB_F Dec. Cotton #CT_F Sept.  Euro Currency

Improve Your Trading Skills

Get access to proprietary indicators and trading methods, consult with an experienced broker
 1-800-454-9572 Explore trading methods. Register Here

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.

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