Websites and Online Resources for Futures Traders

Before you begin futures trading, you’ll want to get familiar with the futures market, how it works and the terms that you’ll come across. Many online resources for investors are designed specifically with beginners in mind to help provide that foundational learning. Other resources for other experience levels include futures trading strategies, current news and predictions. 

The Best Websites and Online Resources for Futures Traders

• Benzinga
• Cannon Trading
• The PRICE Futures Group
• The Futures Wizard
• Daniels Futures Trading Blog

Sorting through information online can be overwhelming. If you’re a futures trader or if you’re interested in learning about futures trading, these websites and resources provide a strong foundation for someone who is just learning. They also offer ongoing education and current news to benefit traders who are already involved in futures trading. 

Benzinga

Benzinga offers insights and news regarding many financial topics. You can find reviews for the top investing tools on the market today here, as well as what you need to know before you start trading futures. Benzinga’s team invests time into researching and comparing brokers, trading software and trading strategies to bring the best of trading education to its readers. This is the place to go to reach your goals.

Cannon Trading

Cannon Trading is a top website for anyone interested in the futures market. It offers a futures and commodities trading calendar and a list of proven strategies and steps to successful trading. The website publishes educational materials that can help traders recognize futures trading charts and patterns. Free futures quotes and charts help enhance each trader’s learning experience. 

The PRICE Futures Group

The PRICE Futures Group is on a mission to provide traders and investors with trading solutions and information market analysis. The company has a team of futures analysts and product specialists, each of whom runs their own blog. You can subscribe to any of the newsletters based on the industries that you are most interested in. You can rely on those experts’ regular reports to help you stay on top of the latest trends in futures trading.

The Futures Wizard

The Futures Wizard is an appropriate name for a company that publishes precise market predictions and stands behind them. The company has an emphasis on global stocks and currency in addition to the futures market. You’ll find investing information that is appropriate for almost any type of investor. You’ll be able to review current and closed predictions as well as the success of past market predictions. The Futures Wizard also provides insight and advice regarding futures trading, including the phrases that all traders should know. This website helps you keep an eye on relevant predictions in the futures market.

Daniels Trading Futures Blog

This blog is filled with essential articles for beginners and long-time traders who are looking for a refresher. Several categories of articles, including a Futures 101 category, help improve your trading. Here you’ll find insights into Chicago Mercantile Exchange (CME) event-based contracts, futures strategies and day trading platforms. It offers industry-specific coverage, especially in the agricultural industry. 

Where to Buy Futures

How to Use Information From Trading Websites

Websites for traders can provide a lot of information for you to take in, but they can’t give you everything. Here are some ideas for using these websites. 

Basic futures trading information: Most websites for traders offer basic information on futures trading. You can use this information to help you learn about futures trading strategies and how trading futures works. 

Use paper trading: Some people find it useful to practice buying and selling futures using paper trading or demo account trading. Most online brokers offer paper trade accounts to familiarize yourself with the platform. It can also provide a way for traders to try out a new investment strategy before using it in a live account. 

Research the top players on the market: Websites such as Benzinga are on a mission to provide readers with the most accurate and up-to-date information. You can use these websites to learn about the top brokers and investment strategies.

Warning Signs for Futures Traders

While you can find lots of good information to learn from, you should exercise caution so that you don’t get in over your head. Here are some warning signs.

Professionals who don’t want to discuss fees: You can choose from many types of investment professionals to work with. These professionals might get paid based on an hourly fee, a flat fee or commission. Before you agree to work with a professional, you should ask them to clearly explain their fees and send you a copy of the fees in writing. If the professional hesitates to discuss fees with you, you should be cautious about working with them. 

Claims of risk-free trading: You may come across websites and companies that claim to offer risk-free trading. When this claim is made, it is usually referring to a demo platform that simulates trading. These demonstrations can be helpful so you get familiar with how things work. The demos themselves are risk-free because you aren’t actually trading when you use these simulations. However, once you start real-time trading, it is no longer risk-free because your money is involved. It’s important to understand what risk-free means so you don’t unintentionally invest money when you didn’t intend to. 

Exit indicators: Once you’re actually trading futures, you should be aware of the most common exit indicators, including failed price swings and trend changes that may signal that it’s time for you to employ your exit strategy. 

Frequently Asked Questions