| Futures trading has the potential to be both | | | | Notes, 2-year Notes and DJIA Index. Acceptable |
| exciting and profitable. The key to success is | | | | orders here are: market, market on close, limit, |
| learning the details involved. A basis for | | | | stop, and "fill or kill orders." |
| understanding futures is to knowing the futures | | | | Chicago Mercantile Exchange |
| exchanges or places where futures are traded. | | | | Also located Chicago, IL, the Chicago Mercantile |
| The futures exchanges are located in various | | | | Exchange trades live cattle, lean hogs, lumber, |
| locations throughout the country; they have | | | | feeder cattle and pork bellies. The Mercantile |
| different commodities trading options at each | | | | accepts all types of futures orders. |
| location and the rules vary as well. | | | | International Monetary Exchange |
| General Futures Exchange Information | | | | Located in Chicago, IL, the Monetary Exchange |
| As you may know, you will not actually do | | | | trades T-Bills as well as trading FOREX; Euro |
| business with the futures exchanges listed below. | | | | dollars, Canadian dollars, Euro currency, Australian |
| You will place trades with your broker who will | | | | dollars, Mexican pesos, Euro yen, Japanese yen, |
| take your orders to the futures exchange floor | | | | British pounds and Swiss francs. The Monetary |
| for you. If you have been paper trading options | | | | Exchanges accepts all futures orders. |
| or futures, you likely already have an account for | | | | New York Comex |
| commodities trading so you are ready to start. If | | | | Located in New York, NY, Comex accepts |
| not, you should select a broker and even consider | | | | market, market on close, limit, stop and "fill or kill" |
| paper trading for a while. Paper trading is the act | | | | orders for copper trading. In addition, Comex |
| of creating a fictitious account that trades just like | | | | accepts market, market on close, limit, stop and |
| a real one; this is an excellent way to learn about | | | | "fill or kill" orders for gold and silver trading. Stop |
| commodity trading. There are futures exchanges | | | | limits are only allowed on a not-held basis. |
| throughout the world but let's focus on the ones | | | | New York Cotton Exchange |
| in the US. The futures exchanges below are in | | | | Located in New York, NY, the New York Cotton |
| Minneapolis, Kansas City, New York and Chicago. | | | | Exchange trades cotton, orange juice, dollar index. |
| Futures Exchanges | | | | The Exchange accepts market, market on close, |
| Like the stock market, different futures | | | | limit, stop and "fill or kill" orders. |
| exchanges trade different commodities. In | | | | New York Coffee, Sugar & Cocoa Exchange |
| addition, each futures exchange accepts different | | | | This market is located in New York, NY and |
| market orders. Since not every futures exchange | | | | trades coffee, sugar and cocoa. All types of |
| permits every type of order it is necessary to | | | | futures and options contracts are accepted here. |
| talk with your broker about which orders are | | | | New York Mercantile Exchange |
| permitted where you are trading. The following is | | | | The New York Mercantile Exchange is located in |
| a list of the major futures exchanges, their | | | | New York, NY. This market accepts the following |
| commodities, and the orders that they accept: | | | | commodities: unleaded gasoline, platinum, palladium, |
| Kansas City Board of Trade | | | | heating oil, crude oil futures and natural gas. The |
| The Kansas City Board of Trade is located in | | | | Mercantile accepts all types of futures orders. |
| Kansas City, MO. This market accepts the | | | | New York Futures Exchange |
| following commodities: Kansas City Value Line and | | | | The New York Mercantile Exchange is located in |
| Kansas City Mini Value Line. The Mercantile | | | | New York, NY. This futures market accepts the |
| accepts all types of futures orders. In addition, | | | | following commodities: New York Stock Exchange |
| the Board of Trade accepts Kansas City Wheat | | | | Index and the CRB Index. The Mercantile accepts |
| with market, market on close, limit, stop and "fill | | | | all types of futures orders. |
| or kill" trades. | | | | Conclusion |
| Minneapolis Board of Trade | | | | For those wanting to become involved in futures |
| Located in Minneapolis, MN, the Minneapolis Board | | | | trading, there is a wealth of opportunities. |
| of Trade accepts the following commodities: | | | | Whether you want to start trading FOREX or |
| Minneapolis Wheat and Minneapolis White Wheat. | | | | coffee futures, you can find the correct futures |
| All futures orders are acceptable at this exchange. | | | | market to do your business. It is wise to discuss |
| Chicago Board of Trade | | | | your investment philosophy with your broker first |
| Located in Chicago, IL, the Chicago Board of | | | | and then use your knowledge, your trading plan |
| Trade deals with these commodities: wheat, corn | | | | and a system like Japanese Candlesticks to help |
| futures, oats, soybeans, soybean oil, soybean | | | | you be successful when you head for the futures |
| meal, T-Bonds, T-Notes, municipal bonds, 5-year | | | | exchanges. |