What Is the Best Charting Software?
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Trading the Futures markets requires a trader to open a Futures account with a brokerage firm. The brokerage office will handle all of the documentation needed to open the account.
You are then assigned a broker who will assist you best emini broker 2015 your questions and any support you need understanding the platform for entering your orders.
If for some reason your account has insufficient funds to maintain an open Futures position, then your broker will contact you with a margin call requesting you send cash to replenish your low balance account or the broker will be required to liquidate your position best emini broker 2015 you cannot obtain the funds needed. In some instances your broker might offer more services, like making trade recommendations or perhaps he has your power of attorney allowing him to make trades in your personal account.
For all of the above services there comes a cost. How much it will cost you depends on how much support you need as a trader. Futures brokers work on commissions charged to you each time you trade a Futures contract on a Futures Best emini broker 2015. If you are a new trader and will need more assistance to place your trades, then expect to pay a little more best emini broker 2015 commissions than a more experienced trader who can place their own orders without any assistance or support for making trading decisions.
Commissions for these traders are typically much lower and are best emini broker 2015 discounted best emini broker 2015. If you allow your broker to do research for you and make trade recommendations then expect to pay a little more in commissions. After all, time is money. Some brokers will place the trades they have researched for you, without having to disturb you prior to the trade. This is known as a full service broker and you can expect to pay much more in commissions.
These brokers are also required to have a power of attorney from you before they can trade your account. How much you pay for each trade is determined by which of the above mentioned services are provided by your broker.
For example, if you are placing Futures trades as a new trader and accidently place a market order in a contract month that is in delivery you could possibly be assigned a Futures contract of whatever market you are trading.
For example, corn would be 5, bushels sitting in your best emini broker 2015 while crude oil could have you stacking 1, barrels of oil. I am sure they would like to have it, but they only get a very small percentage.
A discount broker only gets about. Obviously, this varies from broker to broker depending on the deal they reach with their head office. Disclaimer This newsletter is written for educational purposes only. By no means do any of its contents recommend, advocate or urge the buying, selling best emini broker 2015 holding of any financial instrument whatsoever.
Trading and Investing involves high levels of risk. The author expresses personal opinions and will not assume any responsibility whatsoever for the actions of the reader. The author may or may not have positions in Financial Instruments discussed in this newsletter. Future results can be dramatically different from the opinions expressed herein. Past performance does not guarantee future results.
Reprints allowed for private reading only, for all else, please obtain permission.