The World Wide Web is filled with hundreds of online futures trading brokers who offer services to hedgers and speculators wishing to play the futures markets. To access these brokerages and have round-the-clock information at your fingertips, it is necessary to make sure that your computer has the right configuration in order to run the trading platforms that you will have to use in order to trade in futures.
The services vary depending upon the investor’s depth of knowledge and support he requires, as well. Most have a quiz that you can take in order for them to judge your level of knowledge and recommend the type of account or trading platform you should opt for. When choosing a trading platform, you will be asked about your trading experience, frequency of trades, estimated monthly volume of contracts, type of trade – either electronic futures or pit-traded futures - and the amount of risk capital as well. The platforms that usually run on Java Applets will provide information such as single and multiple account trading functionalities, accessibility to multiple markets, and updated analysis on the markets. They will also have information from a number of stock exchanges incorporated into the platform.
If you wish to deal with pit-traded futures rather than electronic, another trading platform will be made available to you which will allow you direct access to your representative on the floor of the stock exchange.
All these services come along with the option of having a broker give you advice on the buying and selling of futures as well. You can choose the broker by filling out questionnaires available on the site. This will allow you to choose the broker you feel would fit your profile and understand your demands perfectly.
Thus, with the right amount of capital and knowledge of the futures market, plus the right brokerage, you will be able to turn in profits with just the click of a button!
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