Answers
I want trusted brokers please.
You can be able to purchase futures contracts from any online broker.
The legal requirements, and logical, is to have enough funds in your account to cover any downturn. Otherwise if the contracts fall even 1 cent they can, and will, close them out.
www.TracknTrade.com Day trading online commodity futures, through the commodities market with technical analysis, can teach you day trading ...
Having invested in stocks for quite sometime, I am thinking to get into the commodity trading world. As a beginner in futures and options on futures, I would like to seek advice on the names of brokerage firms for such investment. I wonder what are the most popular online commodity brokerage firms (like TDAmeritrade for stocks) for setting up “self-directed” accounts with reasonable commissions, fees and requirements for opening accounts. Many thanks.
www.Lind-Waldock.com
www.brightcommoditybroker.com/CommodityBroker/CommodityBroker.htm
www.heritagewestfutures.com/commodity-futures-rokers.html
www.optionsXpress.com
I wish I could do one that did both stocks and commodities and futures, but I'll be happy with stocks. I want to place my 40k in mutual funds into day trading (don't worry, I have actual training, classes, risks, know I'm likely to lose, etc.) but I still want to pick one. I want an online platform that's fast, gets information quickly, executes cheap trades, and is generally reliable and easy to read.
Anyone have experience with good ones?
Go read some online articles that compare the main platforms. Just do an online search for "online brokerage comparisons" or something like that. I reccommend Scottrade as the trades are about as cheap as you will get. The downside is their margin rates are above average and I've seen mixed reports on their speed of filling trades. Still for me, they are perfect (but maybe not for you).
Etrade is supposed to allow you to trade on 4 or 5 stock marktes around the world - a huge advantage for a really smart investor or one that wants to focus on international stocks, but useless to most smaller investors (or most that want to focus on mutual funds - like you, maybe).
There are some other good ones. You'll find that OptionExpress is very good (never used this one myself, but they are well rated). More expensive that scottrade but margin rates are lower and maybe they are faster at filling trades.
Anyhow, thats my take on 3 of them but there are many more out there. Of course only used ones that are sipc insured, and again - I'd advise searching for more specifics on this via an online search. FYI, I think kiplingers had an areticle about this about 1-2 years ago. good article but alot can change in 2 years (and I'm not positive it was Kiplingers)
Best luck.
Australian Dollar Rises as Asian Stock Gains Spur Yield Demand
Oct. 26 (Bloomberg) -- The Australian dollar rose, snapping two days of declines, as gains in Asian shares boosted demand for higher-yielding assets. New Zealand’s currency fell.
Australia’s dollar advanced as Toyota Industries Corp.’s unexpected profit boosted earnings prospects for automakers, pushing up stocks in Japan and South Korea. Gains in the so- called Aussie were tempered before government report Oct. 28 that may show consumer price gains slowed, reducing the central bank’s need to raise interest rates to keep inflation in its target range of between 2 and 3 percent.
“The high-yielding currencies will be well and truly underpinned while the outlook remains positive,” said Ian Fowler , a senior dealer at online foreign-exchange company OzForex Ltd. in Sydney. A consumer-price inflation number “within the RBA’s target might cool the heels of the Aussie dollar bulls, but again that will only be temporary.”
Australia’s currency rose 0.1 percent to 92.36 U.S. cents as of 4:54 p.m. in Sydney from 92.24 cents in New York last week. The currency was at 84.85 yen from 84.92 yen.
Commodity Future Online Trading – Sure Profit Strategies
A commodity futures constrict is an requirement to emancipate or walk off a commodity or its advantage of economic gismo on a pernickety swain in the future for a outlay that is agreed upon today. It is like buying or selling a commodity today for a future figure. You want to transfer the commodity or the assess on the specially full growth time in future.
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