Keep Your Eyes on The Horizon With Achievers!
Vince Lombardi has said, “Leaders aren’t born they are made. And they are made just like anything else, through hard work. And that’s the price we’ll have to pay to achieve that goal, or any goal”. Correctly striving the above quote are Rocco Amide, Richard Amble and Christian Ambjørn.
Rocco Amide is CME Manager Clearing Information Technology. CME Group is a combined entity formed by the 2007 merger of the Chicago Mercantile Exchange (CME) and the Chicago Board of Trade (CBOT). The hard work of Rocco Amide and team has led the firm to be the largest and most diverse financial exchange in the world for trading futures and options. Rocco Amide believes that Accountability, Awareness, Ethics, Multidisciplinary, Proportionality and Integration are key features required for the running of successful firm Rocco Amide strongly believes that, “If people always did naturally what was best for the enterprise, then there would be no need for administration”.
Richard Amble is Blumenthal Uniforms Store Manager. Richard Amble is crowned with many qualities like balancing multiple priorities of store, giving equal attention to all aspects of operations, Identifying ways for stores to be special or different from competition and Identify innovative ways to reduce expenses. Richard Amble strongly believes that, “We must adjust ourselves to the customers –never the customers to ourselves”.
Christian Ambjørn is Camco Chemicals Vice President; Camco is a world-class chemical manufacturer that can support your sales and marketing efforts with material processing, powder or liquid blending, packaging and distribution needs. If you have the formula, Camco can (and will) do the rest. They can connect you with a ready cadre of affordable development chemists, chemical engineers, process development specialists, label artists – even intellectual property and patent counsel; in short, every possible assist you might need to initiate your project and get it to market in record time. They have experience in the broadest imaginable range of chemical production, packaging, processing and business operations. The bottom line: Camco can assist you where others simply cannot. Christian Ambjørn strongly believes, “One grain of sand at a time, one task at a time”.
Major Futures Trading Exchanges-Chicago Mercantile Exchange, Chicago Board Of Trade & Nymex
Futures trading is one of the ways to make money and grow your wealth overtime. Many people only invest in stocks. However, trading futures contracts like copper, wheat, corn, coffee, soybeans, pork bellies, cattle, crude oil, gold, ethanol, heating, gasoline, silver, interest rates, currencies and others can be highly lucrative.
If you want to profit from commodities than futures trading is the best and direct method of getting access to the commodity market. There are several active futures trading exchanges in the US. Three of the world’s largest futures exchanges are located in Chicago.
The largest futures trading exchange in US is Chicago Mercantile Exchange (CME). A large number of futures contracts get traded on CME that includes commodities, stock index futures, foreign currencies, interest rates, environmental futures and others.
The commodities futures that get traded on CME include live cattle, milk, lean hogs, feeder cattle, butter, limber, pork bellies, Goldman Sachs Commodities Index and fertilizer.
Now, one of the ways to trade stock market is to trade stock indexes like the various S&P 500 like the S&P 500 Midcap, Small Cap as well as the Russell 2000 and the NASDAQ 100. CME provides you with the opportunity to trade futures contracts on these stock indexes as well as their mini versions the E-Minis.
GLOBEX is the Electronic Trading Platform owned by the CME Group that allows the electronic trading of these contracts almost 24 hours a day. So you can easily trade almost all these contracts from the comfort of your home electronically using your computer.
The second most important futures exchange is the CBOT ( Chicago Board of Trade).The futures contracts that are available on CBOT include agricultural futures like the soybeans, ethanol, rice, corn, wheat and others. Mini contracts on corn, soybeans and wheat are also available for trading on CBOT.
Interest rate related futures contracts that get traded on CBOT include Treasury Bonds, FED Funds, spreads, municipal bonds, German debt and swaps. Dow Jones Industrial Average (DJIA) futures popularly known as Dow futures and its E-Mini version plus gold and silver futures and their mini versions also gets traded on CBOT.
Now the best place to trade crude oil, natural gas, gasoline as as well as a host of other energy futures in the NYMEX (New York Mercantile Exchange).This is infact the global hub for energy trading and offers futures contracts on unleaded gasoline, heating oil, electricity, light sweet crude, natural gas, propane and coal.
Futures contract on precious metals like gold, silver, platinum and palladium also get traded on NYMEX. Futures contracts on metals like copper and aluminum also are available on NYMEX.
Mr. Ahmad Hassam has done Masters from Harvard. Download this simple 1 Minute Forex Trading System FREE that makes money anytime. Know this shocking Dow Futures secret that can make you rich!
Futures Trading ? Definition, History and Types
Futures trading are the trading of futures contracts, which gives the holder the ability to buy underlying products for a predetermined price after a definite period of time. These contracts are created mostly for hedging the price uncertainty at the time of product delivery. Futures trading differ from spot trading, in which the trades are completed on the spot. The delivery time of the product is mostly 3 months or 6 months. Futures contracts can be grouped into two broad categories as commodity futures and financial futures.
The trading futures contracts begun in 17th or 18th century in Japan and Holland for agricultural products like rice and wheat. But the first organized futures trading started in Chicago, United states in 1840. In 1848, the first centralized futures trading market came in to being in Chicago called Board of Trade of the City of Chicago, which allowed both spot trading and futures contract trading. The Board of Trade of the City of Chicago later modified its name as Chicago Mercantile Exchange (CME).
In 19th century the products available for futures trading are common agricultural commodities like wheat, rice, oats etc; also some live stocks and meats. Most of these products are traded across US, from western agricultural lands to eastern populated lands. Later more products such as gold, silver, crude oil, natural gas, heating gas, etc were also become available for trading. With the development of the market the products increased to stock futures and stock index futures. In 1971, with the ending of currency gold standards, CME introduced financial futures for the first time, which soon became the most traded futures item. In 1987 electronic trading of futures started and futures contracts become available to everyone around the world.
All futures contracts are guaranteed by clearing houses and have unalterable contract specifications including delivery time and price of the underlying product. Although both names, futures contracts and forward contracts, are used alternatively, they differ in the trading style. Forward contracts are traded OTC (over the counter) though broker-dealer interactions, which involve price bargaining. But futures contracts are traded by open outcry of screen in public domain or simply through centralized futures markets. Remember unlike options, in futures trading it is mandatory to own/deliver the underlying product at the end of the contract period.
As discussed earlier, there are a variety of products available for futures trading, which are named after the underlying product they have. The most common type of futures is the commodity futures for agricultural, metal, energy, meat and live stock commodities. The financial futures or money futures are the futures contracts which have bonds, treasury notes, and other interest-based assets as underlying product. Stock futures have individual stocks are underlying product, where as stock index futures are meant for hedging stock market fluctuations as a whole. Like wise, currency futures are for individual currencies and index futures are for one group/whole market currencies. Although not a future contract, futures options are also a familiar product which gives the holder the option to buy a contract for a specified price at a specific time.
Praveen Ortec works for NobleTrading.com, an online day trading broker offering direct access online futures trading on 3 different futures trading systems.
Forex Futures Trading is Attractive to Day Traders
In the world of currency there are two distinct types of Forex trading. The first is the most popular of currency trading known as spot trading. The second way in which to trace currency is Forex Futures trading. There are differences between spot and futures trading to be sure, however the biggest difference and arguably the most important difference between them is the fact that spot trades are handled in what is termed as over the counter. The fact is there is no central location in which a Forex transaction is cleared. Futures trades have the distinction of clearing at the Chicago Mercantile Exchange.
The Chicago Mercantile Exchange, or CMX for short, has been offering Forex Futures trading since 1972. Today, the CMX offers futures on 41 currency pairs, options on 31 currency contracts and it holds over $60 billion in total liquidity. The Chicago Mercantile Exchange also does Futures transactions on their world-renowned Globex platforms. As an added bonus, it also offers feature popular future contracts traded on the e-mini equity indices.
One of the big differences in Forex spot trading as opposed to Forex Futures is that the former works very well for those whose habits tend to lean towards trades that are a shorter term, whereas Forex Futures trading is typically better for larger, long-term trades.
For most investors the biggest most important difference between Forex spot and Futures Trading is not the over the counter trade as opposed to the trade clearing at a central location. The most striking difference in the two is the cost involved in currency trading. Futures has a cost of around $20 or less per round turn. The Forex spot trade will run you anywhere from $30 to $50 and up per round turn. This particular aspect of Forex Futures trading makes it the trade of choice for most currency day traders.
From just a personal perspective, some people have a problem with Forex spot trade simply because in most cases, they have no idea with what company or with whom they may be doing business. It is seldom an issue, but some investors prefer doing business at a central location. With Forex Futures trading, this is not an issue. The Chicago Mercantile Exchange is a market that has a rich and storied tradition. Most people know where it is and they know it is not going anywhere.
Author: Dean Forster
Article Source: EzineArticles.com
Provided by: Solar panel DIY
Contract Considerations for Day Trading the ES Emini
It garners more trading volume than any emini contract on the Chicago Mercantile Exchange, and has run away (in trading volume) from any other futures contract currently traded. It the pint sized version of the S and P contract that traders have flocked to in recent years. Better yet, it is specifically designed and priced for the individual trader. What’s not to like?
I spend a decent amount of time in trade rooms, helping novice day traders develop their trading style. One thing I have noticed, especially among the novice day traders, is their lack of awareness of exactly what they are trading. So I thought I would write an article that gives the very basics of the ES contract.
What is the S and P 500? You would be surprised at how many traders can’t definitively answer this question. The S and P 500 is a capitalization-weighted index of the 500 largest, publicly traded, large-cap stocks in the United States. The index has been around since 1957. The index is calculated and published by Standard and Poor’s, hence the S and P in the title. Incidentally, the index reached it’s highest point in March, 2000 at 1552.87. In 2010, it was trading in the 1100 range, a far cry from it’s apex.
The ES emini contract was established on Sept. 9, 1997, and has grown steadily since that date. Some specifics on the contract are:
1. The contract months for the ES are
a. March =H
b. June =M
c. September = U
d. December = Z
Notice the contract months are designated by letters, and the contract designation is calculated by combining the letters with the ES designation, the month, and finally the last number of the year. For example, ESM0= the ES contract for June in 2010. Once you trade the ES for a period of time this nomenclature becomes second nature.
Many have been confused by the pricing model used for the ES contract. It is fairly simple. The ES emini is one fifth the value of the traditional S and P contract, so each point is worth $50 dollars, as oppose to $250 per point on the big contract. Each point is divided into ticks or one fourth point, or $12.50 per tick. So, 4 ticks at $12.50= $50.
The contract expires at 8:30 a.m. on the third Friday of contract month. (March, June, Sept. Dec.) It is fairly normal for traders to have abandoned trading the contract about two weeks before the expiration. Most futures brokerages announce the date of switch over to their clients, so there is generally not the confusion that you might expect at contract expiration. If you are a day trader, it is imperative that you switch to the new contract prior (preferably the above mentioned two weeks) and not trade the ES emini right up to expiration. Most of the volume evaporates from the contract on the switch date, and you could run into having make good delivery of the full delivery requirement of the contract.
The clear advantage of the ES emini contract is the tremendous liquidity, and thus you should never see slippage as a result of the contract trading thin. More than a million contracts are traded on an average day, which is astounding volume when taken against some of the thinner emini contracts offered.
The ES emini contract on the Chicago Mercantile Exchange, which has been a true innovator in the emini arena. The CME Globex is the actual home of the contract, and it trades during regular trading hours, takes a short break, and then trades all night until the opening of the next days cycle. The actual hours of trading are:
Monday-Thurs 5:00 p.m.-3:15 p.m. & 3:30 p.m.-4:30 p.m.
Sunday 5:00 p.m.-3:15 p.m.
Margins requirements vary by firm and whether you are trading intraday or holding contracts overnight. For inraday traders, you can find margin requirements as low as $400/contract and as high as $3000/contract. Of course, the lower contract margin requirement may tempt some traders into over trading their futures account, and this can be a real problem. In any event, the contract margin requirements vary greatly.
As you can see, the ES emini contract is a versatile and popular equity trading instrument. We have reviewed the monetary basis for the contract, as well as the calender specifics for trading. We have pointed out the margin requirements and trading hours, now all that is left is for you to perfect your trading style and enjoy trading this flat-out-fun trading instrument.
I endorse a state of the art trading program for beginners at Trading Concepts, Inc It’s an awesome product that will have you well on your way to success. Plus, it has a money back guarantee…you have nothing to lose and thousands to gain. Article Source:http://www.articlesbase.com/day-trading-articles/contract-considerations-for-day-trading-the-es-emini-1734824.html
Futures Trading Overview
Futures trading or commodity trading first started in Japan and in Holland, somewhere in 18th century. In US, commodity trading started by establishing a commodity market place in 1840s century. The market offered both sport delivery and futures contracts.
Futures trading differ from spot trading in different aspects. Spot trades are done for actual (and real-time) cash/product deliveries but futures are traded for hedging possible price uncertainties. Spot trades are done usually with a two-day cash delivery method where futures trades are done for usually 3 months durations. The futures trades for contracts which expire by next month or less is also often called spot trades.
The first products available for futures trading include meat, grains and live stocks. Later futures contracts for a variety of products were implemented including those for energy products, metals, currencies and currency indexes, stocks and stock indexes, and private and government interest rates. The CME (Chicago Mercantile Exchange) is responsible for the introduction financial features in 1970s, which very soon became the most traded futures type.
All futures have unchangeable contract specifications which are guaranteed by the clearing houses and margined to minimize counterparty credit risks. They are traded by open outcry of screen in public domain. Futures contracts are almost similar to forward contracts, and often the names are used interchangeably, but forward contracts are typically traded OTC (over-the-counter) through issuer-client or broker-dealer interactions where futures are traded through centralized markets.
Commodity futures are the most common form of futures and are traded all over the world. With the passing of time new and new agricultural, livestock and metal/natural commodities are becoming available for futures trading. Futures options are, like stock options, the right to buy or sell futures contact on a certain price at a specific time. A call futures option is the right to buy a futures contract and put futures option is the right to sell a futures contract.
Stock features or single-stock features are futures contracts for owning an underlying stock. Stock features usually have greater leverage and the holders of futures do not receive/pay any dividends. Stock index futures are meant for multiple purposes like hedging, trading and investing. Hedgers for owning stocks or index options, traders for benefiting form price volatility, and investors for achieving certain goals by not directly owning the stock. Currency features are futures contracts that enable the holder to buy or sell a currency at specified rate at a future date. As these futures are marked-to-market daily, the forex investors can easily overcome the obligation to sell or buy currencies before the delivery date.
In US, the futures trading are regulated by CFTC (Commodity Futures Trading Commission). The major worldwide futures trading markets are CBOT (Chicago Board of Trade), CME, ICE Futures, Euronext.liffe, London Commodity Exchange, Intrade, London Metal Exchange, TOCOM (Tokyo Commodity Exchange), NYMEX (New York Mercantile Exchange), NYBOT (New York Board of Trade), Sydney Futures Exchange, etc.
Author: Praveen Ortec
Article Source: EzineArticles.com
Provided by: Import duty tariff
Trading Futures: The Wise Are Wary
No doubt you’ve seen the late night commercials extolling the virtues of trading commodity futures. People have made millions with small investments almost overnight. Read the fine print: Results are not typical. Trading commodity futures can result in enormous profits but it is a tricky business. Only those with money they can afford to lose should consider dallying in this market. That said, trading futures is a fascinating and high profit endeavor which those with a high risk tolerance may find to their liking.
The term futures actually refers to a futures contract. Buying a future means entering into a contract to buy or sell a commodity for a specific price at a specified time in the future.
Futures emanated from the 1800s when farmers began selling their crops before they had actually been brought to market. A future was essentially just an agreement between the farmer and the buyer as to the price that would be paid when the crop came in. Obviously, depending upon weather conditions while the crop was in the field the value of the crop might go up or down. If a hail storm destroyed most of a certain crop then the value of the future might go up because there would be less of the commodity to go around. On the other hand, a bumper crop might cause the value of the future to fall. Over time people who owned these agreements or contracts began to sell them prior to the harvesting of the crop. Thus, a market in futures was born.
The modern futures market has become much more complex and deals not just in crops but in all sorts of sorts of precious metals as well as crude oil, gasoline and even electricity. Futures are sold throughout the day on a variety of exchanges including the Chicago Mercantile Exchange (CME) and the New York Mercantile Exchange (NYMEX). Trading commodity futures would be complicated even if only actual farmers and those interested in using their crops were involved. Today’s commodity markets, however, encompass an enormous variety of traders.
Many large institutions trade options and speculators are also rampant. Speculators are in the commodities market only to make money and often buy and hold positions for just hours or even minutes. They trade on scraps of information and hints gleaned from the news. Sometimes they make trades on the basis of volume alone. Both institutions and speculators also hedge options which simply means they try to protect their positions by “hedging their bets”. Hedging in the simplest terms refers to the practice of taking a futures position that is in opposition to a position taken in the stock market. By doing this a person is covering himself/herself no matter which way the market moves. In truth, hedging can result in enormous losses. Hedging is only once of many devices which are used in trading commodity futures. So called futures derivatives can become so complicated that not even traders with years of experience are entirely sure what is being sold.
If you are considering trading commodity futures it is imperative that you read and study extensively before making any investment. After a period of study you should investigate the commodity options brokerage houses. Commodities cannot be traded on the exchanges directly by individuals. They have to be traded through people and firms who are registered with the Commodities Futures Trading Commission. Carefully read through the disclosure information which is provided by the brokerages you are considering.
Once you have decided to trade commodity futures, think again. Part of the reason futures trading can be so profitable is because trading is done with a leverage account. Leverage means you are only putting up a portion of the money and borrowing the rest on margin. If the futures go up your account pays the leverage costs out of the profits. If the futures you have bought go down you will have to pay the difference out of your own pocket. When futures fall precipitously you may be called upon to pay the money you owe immediately sometimes within an hour. It bears repeating that trading commodity futures is only for those who have capital they can afford to risk and lose.
Bear the following in mind.
Do not deal with anyone who will not provide disclosure documents. Do not allow anyone to pressure you or intimidate you into opening account. Do not use money you cannot afford to use to trade commodity futures. Do not borrow money to trade commodity futures. Do not be lured into opening an account by promises of quick, easy profits.
Trading commodity futures can be lucrative and exciting. Conversely, it can cause the loss of every penny invested and liability for any money borrowed on margin. Therefore, for anyone considering trading commodity futures the motto is truly, “Buyer beware.”
Author: Christopher Luck
Article Source: EzineArticles.com
Provided by: Benefits of electric pressure cooker
Day Trading- CFD Trading and Stock Trading Face-Off
- FBI releases file on Apple’s Steve Jobs
- Rising prices and looming maize shortages
- U.S. stocks open quietly Thursday as focus remains on Greece
- Nokia cutting 4,000 jobs in Europe, Mexico
- Secretary Clinton welcomes delegation, paves way for international money to flow into Burma
- Facebook looks for “likes” in China
- Your Realm Of Automated Currency Trading System
- FDA warns acid reducers can cause severe diarrhea
- U.S. stocks edge higher as Greek debt talks show progress
- Business loans
- An error has occurred; the feed is probably down. Try again later.
- Trading 101
- Stocks fall Friday amid European downgrade concerns
- U.S. stocks fall as eurozone worries overshadow jobs news
- Stocks up after jobless claims hit 3 1/2-year lows
- Stocks open lower on eurozone deal doubts
- Dow holds strong gains Wednesday after Fed move
- Stocks slide on euro worries; oil trades over $100 a barrel
- Markets open down Friday despite drop in unemployment rate
- U.S. stocks rally Friday ahead of weekend Eurozone summit
- Apple shares drop 5.3% in Germany following news of Jobs’s death
- U.S. considers fraud investigation into Chinese Internet companies
- Internet Money
- Business Credit Information
- Honda widens recall for airbag problem
- GM CEO: Earnings good, but not good enough
- Chinese companies buying automaker Saab
- Suzuki demands VW return shares after alleged contract breach
- Chrysler has best September since 2007
- Honda recalls million cars worldwide
- General Motors to manufacture plug-in Cadillac ELR plug-in hybrid electric car
- GM earnings soar 92 percent on global sales
- Volkswagen postpones MAN supervisory board takeover
-
