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 stop enter click current sell buy mit.

Market: when you click on this button you are prompted to enter the number of contracts you wish to buy or sell, then click on OK to enter the order. In the real market a market order is filled at the best available price when the order is entered into the market. In the simulator we have broken the day into bars and all orders can be entered just before the next bar. So in the simulator Market orders are always filled at the opening price of the next bar. Stop: when you click on this button you are prompted to enter the number of contracts and the price at which you want the order to be activated. Click on OK to enter the order. A stop order becomes a market order when the specified price trades. A buy stop is placed above the current price and a sell stop is placed below the current price. So if the current price is 5645 I could place a buy stop at 5655 and it will be triggered if and when the market trades at 5655 and/or a sell stop at 5633, which will be triggered if and when the market trades at 5633. Market if touched (MIT): when you click on this button you are prompted to enter the number of contracts and the price at which you want the order to be activated. Click on OK to enter the order. The MIT is similar to the stop order except in reverse, i.e. a buy MIT is placed below the current price and a sell MIT is placed above the current 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

If you are more interested in trading the eminis you need to review these emini - e-mini trading courses