How to place your first futures order
There are two order actions in futures trading: a buy order and a sell order. Once you place an order, it is sent to the applicable futures exchange which serves as the centralized electronic market place for futures trading.
Before placing your first order, you need to determine the order price and the type of order you would like to enter in the futures market. Let’s take a look at some futures order entry basics critical to learning how to trade futures.
The Fundamentals Of How To Trade Futures
For each order you place, you will want to understand the core fundamentals of the market you are trading, including the size of the contract, the expiration months, and the required margin.
Before placing a trade, you have to decide on the order type you would like to submit to the exchange. You can control under what conditions and at what price an order will be filled using one of the three basic order types.Learn more
Margin in Futures
Futures margin refers to the initial amount of money a trader is required to put up as a good faith deposit before entering a position. The margin requirement varies contract by contract.Learn more
Build A Futures Trading Plan To Start Your Journey
As you learn how to trade futures, creating a trading plan that includes the futures markets you want to trade along with a risk management strategy can help you build a consistent trading approach.
Learn how to trade futures with industry pros
Join our free livestreams as we prepare, analyze and target live futures trade setups in real-time.
Watch our industry pros trade the futures market open every weekday at 9:15 am ET and the market close at 3:00pm ET using NinjaTrader’s award-wining charting and analysis tools.
Use NinjaTrader Platform Tools To Target Futures Market Opportunities
Our video library highlights steps to get started with the platform basics along with quick tips to customize your NinjaTrader platform to fit your trading style. Topics pertaining to how to trade futures include:
- Creating your first chart and using Chart Trader
- Opening and using the SuperDOM and understanding the ladder display
- Saving and loading personalized workspaces