FREQUENTLY ASKED QUESTIONS
1.Do you accept credit cards?
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2.Will you make money trading futures?
Futures trading involves a great deal of risk. All traders are different.
Some are aggressive, some are conservative and some are in between...
There will be winners and there will be losers...
Being in a training room may help guide you on your path to becoming a successful
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3.What are the E-MINI S&P 500 (ES) FUTURES
E-MINI Futures are a very liquid and highly leveraged futures market based on the S&P 500 Standard & Poors stock Index. This market trades on the CME Globex… Other futures trade in an assortment of instruments such as commodities, currencies or indexes and may trade on different markets:
Ticker Symbol: ES
Contract Size: $50.00 X S&P Index
Tick Size: 0.25 index points = $12.50
Trading Hours: MON – FRI: 18:00 EST. PREVIOUS DAY – 17:00 EST.: Trading Halt From 16:15 EST – 16:30 EST.
Contract Months: Five months in the March Quarterly Cycle (Mar, Jun, Sep, Dec)
Last Trade Date: Trading can occur up to 08:30 on the 3rd Friday of contract month.
4.Why do you trade in the morning?
Volume is normally good after the 9:30 NYSE opening, providing good liquidity, making it easier to enter & exit trades. Financial reports are given throughout the day although often in the morning. It is imperative that you're aware of the times and importance of
reports given. Go to our links page to find more information and links to reports.
5.When are the markets open?
The markets, both domestic & foreign are open on a consistent basis from Sunday, 18:00 EST, to Friday, 16:15 EST. There are times throughout the year when markets may be closed for Holidays or other reasons. Check the links page for the reports which will show this information.
17:00 EST: The Asian markets start opening and are thinly traded with little price action.
02:00 EST: The European market opens and price action will show more signs of life.
03:00 EST: The London market opens with more volume and price action.
08:30 EST: The CME opening begins with price action increasing.
09:30 EST: The NYSE, NASDAQ AND AMERICAN Exchanges open creating a lot of price action.
11:00 EST: The European/London markets start closing at 11:00 EST and this may create volatility.
11:45 EST: The lunch breaks begin and will go on to around 13:15 EST often times with little action.
13:30 EST: The afternoon trading picks up with good price action going into 15:30 EST.
15:45 EST: The beginning of the close going to 16:15 EST can be dangerous and is a good time to close your open positions.
16:00 EST: NYSE Close
16:15 EST: The CME is closed and a good time to enter notes in your Trading Journal
and prepare for the next trading day.