Futures and Futures Options Trading

 

01/02/ · (If you already have an account, login at the top of the page) futures io is the largest futures trading community on the planet, with over , minkok.infos: 9.

Futures Format 2 Example General Format: It has examples and lists some common symbols. Learn why traders use futures, how to trade futures, and what steps you should take to get started. Please choose another time period or contract.

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The letter S stands for stock. If you do not receive data using this format, use format 2 shown below instead. Futures Format 2 Example General Format: The letter U specifies the month of September. The number 3 specifies the year. The underlying symbols for futures can be looked up on the IB web site.

Index Format General Format: The letter I stands for index. You need to know the exchange it's on. IND can also be used instead of I. No History is available. Option Format General Format: FOP stands for Futures Option. There is a space between the 4 and the P in this symbol. Emini futures were originally launched in September to attract non-professional investors into trading index futures.

Over 10 years, the Emini became a huge success. Not only with non-professionals but with professional traders too. Now everyone trades the Emini: The chart above shows the growth in monthly Emini trading volumes. The huge volume spikes of over 80 million contracts traded happened during large market sell-offs. Average daily trading volume is regularly over 2 million contracts. Between and trading volumes have backed off, but that decline in trading activity has been seen across all traded markets.

Here are my estimates of the daily capital traded for each of these markets:. I suppose the many advantages of the Emini were just too attractive for professional traders to ignore.

Between 17 September and 1 November there were:. You can read the full story here. So which Emini futures contract is the best to trade? The answer to this question depends on the futures broker you choose to trade through. Most traders, when they start out, want to know what is the minimum capital they need to start day trading. The first thing you need is a futures brokerage account.

Interactive Brokers are an excellent option. Having your brokerage account linked with your charting platform provider is a very cost effective way to go. Both TradeStation and NinjaTrader , the leading charting platforms, now offer futures brokerage services. The second thing you need is a charting platform and trading methodology.

At this stage you might have funded your futures brokerage account and have some initial capital you want to trade. You should immediately place your profit target and stop loss orders — I use a 4 point target and 4 point stop. Assuming you got the trend direction right, your profit target will be hit and you will make 4 points profit, less brokerage commissions. If your profit target got hit, make sure your stop loss order is cancelled.

If your stop loss got hit, make sure your profit target order is cancelled. Remember to always consult your own tax professional or accountant. You only pay the lower long term capital gains rate if you hold stocks for more than 1 year. Your actual tax rate for trading Emini futures will depend on your total income and resulting tax bracket.

In addition, Emini traders have a much easier time doing their taxes at year end. Stock traders have to report every single trade they make — Emini traders only have to report their net profits for the year.

If you hold any futures position over the year end cut-off, your broker will automatically mark it to market and calculate the realized plus un-realized profits. This means that any trading losses you incur in this current year can be used to get a tax refund on taxes paid on profits made in a previous year.

Here are the Emini futures symbols for Data providers join together or concatenate symbols from adjoining quarters so you can plot a long history of each contract. Trading is almost 24 hours a day with a short break every day between 3: