How to start in Futures?

[earwax]

Good day.

I am new in this forum and I am interested on learning Technical Investing.

I am also interested on high risk investing (screw fundamentals).

How to start trading Futures and what is a good stock to learn about?

[Francis]

ya, please give some suggestion and basic information.

i just know that there got 2 , one is the CI one is the future itself.....

[theng]

All u have to do are understand the trading rule and the risk u have to take, and how much u know about
TA, just like u are asking what type of food to take and what type of food is nice, for me I like spicy and
hot food can I tell u to take spicy hot food is nice and testy is good for u?   

[Maxforce]

Haha, good one theng!
Anyway, to elaborate, there are many channels in TA.
In those channels, there are many variations.
All uses different indicators.

theng uses schohastic (I think), but personally, I do not.
I use something else.

I use MFI, another member uses CMF.

But in the end, what indicators you use must suit your own trading style.

Btw, dont screw Fundamentals. Cos, in the long run, fundamentals are the one that works.

[earwax]

What do MFI AND CMF stand for? 

[csong]

What do MFI AND CMF stand for? 

MFI = Money Flow Index
CMF = Chaikin Money Flow

Check out the following website for detailed definations ...
<http://www.incrediblecharts.com/technical/chaikin_money_flow.htm>
<http://www.incrediblecharts.com/technical/money_flow_index.htm>

However don't be fool by all these indicators' names. All are derived from the same basic parameters, i.e. OPEN, CLOSE, HIGH, LOW & VOLUME.

[Roger]

Hi Guys,

It's great to be in here though & this is my first post !
I hope i can learn more from you guys ... from trading futures. (Guess we're the high risk taker folk here) 

I guess tomorrow futures will open high again ... 

[skhan7022]

i was interested in futures market, but not enter yet.
i would like to ask a question, hope tat somebody can teach me.

if i hold a long position with 1 nextmonth contract of october with 954.5 on 30-9-06.
On 1-10-06 the spotmonth contract is 964.5. and my nextmonth contract become spotmonth.
is tat mean i immediately have a gain of 10 point on 1-10-06.

can anybody can provide some trading example for those nextmonth ,6 month contract.

thank you.

[bizfun]

Spotmth and Nextmth is just what we calling. When trading, let say on date 30-Sep, your order is; buy Oct-06 contract at 954.5 x 1 contract. On date 1-Oct, your order is sell Oct-06 contract at 964.5 x 1 contract. So, you may have profit of 10 points.

Chart wise, you have to understand my chart meaning. Spotmth simply mean this month and Nextmth mean next month. So, when you want to trade Oct-06 contact on 30-Sep, you have to refer to Nextmth EOD chart.

This method of joining spotmth and nextmth as continuous chart is not so perfect as it produce some gap during contract end switching. Users must be awared and understand exactly how to interpreted it.

[Maxforce]

Also, continuous chart and this format we re now looking at also will distort the indicators (if follow default settings of Metastock). This is because the volume is distorted.
Interest in normally on spotmonth

[Roger]

What indicator will normally be used by you guys for FUTURES?

[earwax]

Thank you all for your replies. Sorry I never reply for a long time because I was posting in investlah. It is very good that I can learn so much from you all.

I have one question. Which company do you use to play Futures? 

[loochzehau]

my recoment that you must get a right FBR first.. must get one got experience...

[Maxforce]

my recommendation is one with where the telephone lines is not jammed.
should have at least 2 or 3 staffs answering calls.

[theng]

my recoment that you must get a right FBR first.. must get one got experience...

Right, FBR is important, but how can u know that which broker is good, this had been discussed in   Composite Index Futures (FKLI) Trading or COMPOSITE and CI FUTURES thread about brokers.
      The most important thing for a trader should have, is educated himself with good TA knowledge don’t think when u know a type of chart pattern, than u can apply to all the charts, don’t try to force yourself on
a chart “to form a pattern”. In TA chart pattern are not that important, “price movement” is more important than  any others, As an e.g. let use abuse you chart on MSFT,  he force it to form a BAT or what ever, than he predicted this counter might go south, but he miss out the last few days price movement so BILL GATE go north    .