If you're curious about what it's like to trade futures and options, now's your chance to try in a practice trading environment. But before you start buying and selling, let’s look at an example. Over the next four pages, we’ll walk through the steps of a sample corn trade. From research and analysis to reading market conditions and placing a trade, this tutorial will help you understand what to expect when you try your hand at trading using our simulator.
We’re not going to lie – this is complicated. There’s a lot to consider when making a trade. But when you focus on the different pieces, you can more easily make sense of the whole electronic trading process. First you need to get a sense of the current market.
Most traders use a variety of tools to inform their decision making. Broadly speaking, there are two kinds of analytical tools that can help you make the most of your trades: technical analysis and fundamental analysis. Let's start with technical analysis.