Comments for Commodity Futures Trading http://www.myfuturesblog.com Commodities Trading Techniques Tue, 22 Jun 2010 03:36:18 +0000 hourly 1 http://wordpress.org/?v=3.0 Comment on Pre-market trading on NASDAQ? by Ted http://www.myfuturesblog.com/pre-market-trading-on-nasdaq/comment-page-1/#comment-884 Ted Tue, 22 Jun 2010 03:36:18 +0000 #comment-884 ECNs run 24/5 There is no "official" pre-market or after-market. Your broker can offer access to early or late trading when and if they want. ECNs run 24/5

There is no "official" pre-market or after-market. Your broker can offer access to early or late trading when and if they want.

]]> Comment on Stock Market Crash 2010 Biggest Stock Market Crash Dow Jones History by tradersaudio http://www.myfuturesblog.com/stock-market-crash-2010-biggest-stock-market-crash-dow-jones-history/comment-page-1/#comment-859 tradersaudio Sat, 19 Jun 2010 23:48:20 +0000 #comment-859 all the action at youtube slash TradersAudio all the action at youtube slash TradersAudio

]]> Comment on In which of the following ways do the NYSE and NASDAQ differ? by Wei Yi_FINA4242 http://www.myfuturesblog.com/in-which-of-the-following-ways-do-the-nyse-and-nasdaq-differ/comment-page-1/#comment-852 Wei Yi_FINA4242 Fri, 18 Jun 2010 20:33:39 +0000 #comment-852 I think A is the answer. NYSE is a stock exchange with a physical location based in New York City, where stocks are traded in a centralized exchange. What this means is that while you may be buying for example 100 shares of stock at the same time someone else is selling those shares, you do not buy those shares directly from the seller but instead from the exchange. While NASDAQ which stands for National Association of Securities Dealers Automated Quotations. It is an over the counter market trading platform where the instruments are traded directly between 2 parties. Without an intermediary to eliminate counterparty risk Because of the nature of over the counter trading, a physical location is not required. I think A is the answer.

NYSE is a stock exchange with a physical location based in New York City, where stocks are traded in a centralized exchange.

What this means is that while you may be buying for example 100 shares of stock at the same time someone else is selling those shares, you do not buy those shares directly from the seller but instead from the exchange.

While NASDAQ which stands for National Association of Securities Dealers Automated Quotations. It is an over the counter market trading platform where the instruments are traded directly between 2 parties. Without an intermediary to eliminate counterparty risk

Because of the nature of over the counter trading, a physical location is not required.

]]> Comment on What are NASDAQ and NYSE trading timings according to Indian Standard Time ? by PLUS . MINUS http://www.myfuturesblog.com/what-are-nasdaq-and-nyse-trading-timings-according-to-indian-standard-time/comment-page-1/#comment-851 PLUS . MINUS Fri, 18 Jun 2010 20:31:02 +0000 #comment-851 The NYSE and NASDAQ trading times are between 9:30am to 4:00pm New York time. Use the link below to find out what Indian time it corresponds to: http://www.timeanddate.com/worldclock/city.html?n=179 The NYSE and NASDAQ trading times are between 9:30am to 4:00pm New York time. Use the link below to find out what Indian time it corresponds to:

http://www.timeanddate.com/wor.....html?n=179

]]> Comment on I read that the oil traders on wall street make huge bonuses.. what exactly is oil and commodity trading? by Rabbit http://www.myfuturesblog.com/i-read-that-the-oil-traders-on-wall-street-make-huge-bonuses-what-exactly-is-oil-and-commodity-trading/comment-page-1/#comment-850 Rabbit Fri, 18 Jun 2010 20:30:36 +0000 #comment-850 Those were the traders in the exchanges, literally, in the pits. There are contracts on all kinds of things, even rights for factories to pollute. These things are commoditized--uniform standards set, like so many board feet of certain kinds of timbers, etc. In the exchanges, there are representatives of the companies that own "seats" on the exchange. Usually, they are filling orders from brokerage houses. At any given moment there could be, say, ten people call in (or do so online) to say Buy 20 September. Usually, if there were also several who said in the same approximate time Sell 5 September, so the broker will often simply make the swap, so the pit trader is then told Buy 15 September contracts. He or she, in the midst of the fray will try to get a better price than current on the board above them. In the pit are also those from other brokerages doing the same, but there are also traders. These people will take it off your hands--for a price. But then they don't have the reasons to have bought or sold that the previous contract owners had, whatever reasons or even lack of reason, that brings them to either want to acquire or get rid of those commodity contracts. So the trader will then look for a place to pass that hot potato--for a price. So, in the market are people who simply fill orders and people who make money in the process. If your brokerage's trader got the order to buy oil at 64 but the trader actually got it at 63.75, you may be charged 64, as you asked, but the trader made money in doing it. If it is your brokerage that executed the trade you may realize the difference, but if your brokerage was busy or farmed it out, hey an order for 64 is an order for 64, done! There are people in the pits with doctorates in economics. There are people in the pits with degrees in philosophy and music. But the people in the pits are all superbly good at fast haggling with their hands (because of the noise they may yell what they want, but their hand signals rule). Those were the traders in the exchanges, literally, in the pits. There are contracts on all kinds of things, even rights for factories to pollute. These things are commoditized–uniform standards set, like so many board feet of certain kinds of timbers, etc. In the exchanges, there are representatives of the companies that own "seats" on the exchange. Usually, they are filling orders from brokerage houses. At any given moment there could be, say, ten people call in (or do so online) to say Buy 20 September. Usually, if there were also several who said in the same approximate time Sell 5 September, so the broker will often simply make the swap, so the pit trader is then told Buy 15 September contracts. He or she, in the midst of the fray will try to get a better price than current on the board above them. In the pit are also those from other brokerages doing the same, but there are also traders. These people will take it off your hands–for a price. But then they don’t have the reasons to have bought or sold that the previous contract owners had, whatever reasons or even lack of reason, that brings them to either want to acquire or get rid of those commodity contracts. So the trader will then look for a place to pass that hot potato–for a price.

So, in the market are people who simply fill orders and people who make money in the process. If your brokerage’s trader got the order to buy oil at 64 but the trader actually got it at 63.75, you may be charged 64, as you asked, but the trader made money in doing it. If it is your brokerage that executed the trade you may realize the difference, but if your brokerage was busy or farmed it out, hey an order for 64 is an order for 64, done!

There are people in the pits with doctorates in economics. There are people in the pits with degrees in philosophy and music. But the people in the pits are all superbly good at fast haggling with their hands (because of the noise they may yell what they want, but their hand signals rule).

]]> Comment on Trading in Nasdaq and Dow Jones? by arnfel26 http://www.myfuturesblog.com/trading-in-nasdaq-and-dow-jones/comment-page-1/#comment-849 arnfel26 Fri, 18 Jun 2010 20:29:17 +0000 #comment-849 Just go to any online broker such as etrade, ameritrade, etc.. these brokers will answer your question regarding trading abroad. Good Luck. Just go to any online broker such as etrade, ameritrade, etc.. these brokers will answer your question regarding trading abroad. Good Luck.

]]> Comment on Question about commodity trading, specifically light sweet crude? by zyberianwarrior http://www.myfuturesblog.com/question-about-commodity-trading-specifically-light-sweet-crude/comment-page-1/#comment-848 zyberianwarrior Fri, 18 Jun 2010 20:27:18 +0000 #comment-848 uso (etf) is your better option but read this first http://moneycentral.msn.com/content/P148498.asp uso (etf) is your better option but read this first

http://moneycentral.msn.com/content/P148498.asp

]]> Comment on Is there a reason why NASDAQ limits trading to 5 trades per week if you have less than $25,000 ? by zman492 http://www.myfuturesblog.com/is-there-a-reason-why-nasdaq-limits-trading-to-5-trades-per-week-if-you-have-less-than-25000/comment-page-1/#comment-847 zman492 Fri, 18 Jun 2010 20:26:50 +0000 #comment-847 The limit is 5 day trades per week, not 5 trades per week. Although it may not be obvious, day-trading creates certain risks for brokerages and exchanges as well as the individuals doing the trading. The higher account requiremens reduce the risks for brokerages and exchanges. For more information see http://www.nasd.com/web/groups/rules_regs/documents/notice_to_members/nasdw_003881.pdf The limit is 5 day trades per week, not 5 trades per week.

Although it may not be obvious, day-trading creates certain risks for brokerages and exchanges as well as the individuals doing the trading.

The higher account requiremens reduce the risks for brokerages and exchanges. For more information see

http://www.nasd.com/web/groups.....003881.pdf

]]> Comment on my job is findout people to invest in US based future commodity trading? how can i improve my marketing? by Emotions http://www.myfuturesblog.com/my-job-is-findout-people-to-invest-in-us-based-future-commodity-trading-how-can-i-improve-my-marketing/comment-page-1/#comment-837 Emotions Thu, 17 Jun 2010 22:50:51 +0000 #comment-837 Since not many people might understand the product (not even the wealthy ones) you might need more personal selling than ads. You can target them at business networking events but first you need to create some word of mouth through satisfied customers who have used your product and got good returns. Since not many people might understand the product (not even the wealthy ones) you might need more personal selling than ads.

You can target them at business networking events but first you need to create some word of mouth through satisfied customers who have used your product and got good returns.

]]> Comment on When and where did commodity trading begin? by Kevin R http://www.myfuturesblog.com/when-and-where-did-commodity-trading-begin/comment-page-1/#comment-836 Kevin R Thu, 17 Jun 2010 01:15:06 +0000 #comment-836 Commodities and barter were the original currency, before money. Women, food, clothing, and caves were the original assets. Commodities trading as we know it today began in the Middle East with minted coins following soon after. Samarians began keeping records before Christ. Commodities and barter were the original currency, before money. Women, food, clothing, and caves were the original assets. Commodities trading as we know it today began in the Middle East with minted coins following soon after. Samarians began keeping records before Christ.

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