The following is a short extract from the course "How To Trade The Futures Market", please click here Trade Futures Course for full details on how to obtain the full text, futures trading simulator along with sample data and bonus trading ebooks package.

Find: Order price market limit buy contract available sell position best.

Anyone who has a position that they wish to keep, roll it over to the next contract month. So if I am long one FTSE 100 futures contract in early March and wish to remain long, I will sell my March contract and simultaneously buy a June contract. I will therefore close out the March position, which is close to expiry, and initiate a June position so that I am still long one contract. As to the date that one might roll their positions forward, there are two approaches. Either choose a particular day, for example 10 trading days before expiry, or, choose to roll positions forward when the trading volume in the next available month is greater than the near month. 21 Chapter 4: The Mechanics of the Trade Orders There are various types of order you can use to initiate or close a position, depending on your objectives. Market Order: This is a request to trade (either buy or sell) at the best available price. Market FTSE 100 Futures BID: 6432 OFFER: 6434 A market order to sell would be filled at the best available price, i.e. 6432 A market order to buy would be filled at the best available price, i.e. 6434 Market orders are always executed Limit Order: A limit order specifies the worst price that an order can be filled at. It sets a limit to the price the trader is willing to trade. If a limit order to buy at 6430 has been placed in the market, the order can only be executed at 6430 or better (i.e. 6430 or less). A buy limit order is usually placed below the current offer price A sell limit order is usually placed above the current bid price

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How To Trade The Futures Market

For full details about this detailed course, which includes a futures trading simulator software package complete with some sample trading data, and free trading ebook package please click here Futures Trading Course

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