As from Monday.. another part of my Job will be quoting CRB index futures (Commodity Research Bureau).

This is a commodity index which is made up of many components, some of which we also quote individually as well, as you can see in my screen dump
.
The contract months are Jan Feb Apr Jun Aug Nov
We will expire the contract at the close of business on the second Friday of the contract month.
Trading Hours : 1500 - 1945
Bet per 0.01
Min £1 Max £50
Margin : 500
Spread 40
Ticker : CR ..... so Nov is CRX4


so if anyone fancies a flutter or wants to open an account, gimme a PM

 

So how much is a escort cos dash worth today then ?

 

 

Thats a grab of Bloomberg screen, but I just checked and you don't have a terminal?? So whose do you use?

Let me know and I can send you loads funny little messages and other assorted pointless crap

and thats clearly ima... but I must admit, thats pretty funny

 

The CEO's ! so lets wait till im set up next week before we start that!

 

plenty of time on ur hands lee

 

can i have an account??

 

Let me guess, you want to trade in LIVE CATTLE?

 

Dave would you then be the main point of contact for every body ??

Mike

 

If you wanted to open a position / spread, then yes

 

Dave were you have the min and max surely ur profit margins would not be that great would they if thats the max you can put on a given commodity?

Mike

Or is that per trade so you could in fatc double up and so on

 

Jock, £50 per tick

 

Mike, you must be aware that our profit scale is classified info but as for customer profit made ... the max you can place is per point.. profit for the client can be excessive!

the spread may increase over time, it is a completley new virgin market we're offering so safety margins are in place

 

christ that sounds anal!

basically.. its fifty quid per point


not in total. So you can make shit loads, and likewise.. you can lose shitloads too

only worth doing if you know how to play along

 

bloodyhell, i've had enough of using bloody microfit to study the stock exchange for my dissertation, and come on here and get faced with the same sort of thing ARGGGGGGH

On a side note, what sort of path did you and porkie take to get into the sort of jobs you have at present (genuine question chap!)- really need to start looking lol!

 

Dave, any chance you can explain more into it mate? Ive heard about futures but have struggled to find much in laymans terms on the net about them.

Is this something worth doing if you are a "small" investor, or only really worth it if you have a few thousand to invest?

Cheers mate.

 

Have you heard of Hotspot dave ? Porkie is a very good system

Mike

 

Phil.. I dont have much time so ill explain more later in depoth or maybe Lee can do the honours.. but the process of trading commodities is also known as futures trading. Unlike other kinds of investments, such as stocks and bonds, when you trade futures, you do not actually buy anything or own anything. You are speculating on the future direction of the price in the commodity you are trading. This is like a bet on future price direction. The terms "buy" and "sell" merely indicate the direction you expect future prices will take.

If, for instance, you were speculating in oil (mobil 1 or Castrol.. no rows on here please you would buy a futures contract if you thought the price would be going up in the future. You would sell a futures contract if you thought the price would go down. For every trade, there is always a buyer and a seller. Neither person has to own any oil to participate. He must only deposit sufficient capital with a broker firm to insure that he will be able to pay the losses if his trades lose money.


that is only very brief.. just dont have the time yet mate

 

tis a good but breif explaination chap!

Phil- there is loads of info matey, you just gota know where to look!

 

Good explanation that Dave

 

Goes straight over my head.........

I just fix cars

 

Guarantee oil to hit $50 is the next few months so maybe worth a flutter, along with heating oil as we move into winter

 

I wouldn't mind learning more about market dealing etc myself, anyone fancy an apprentice trader??

 

I used to sit and watch my old boss have a flutter well in to 9 zero's at times unberlivable but thats why he is as rich as he is


Mike

 

Dave/Porkie, I have dabbled (fairly heavily in shares last year - and actually did OK - although it was a bit nerve racking sometimes...!! )

Is this similar to what you guys call spread betting as I looked at this last year but never did anything about it..?

From what I could work out, there was no tax paid on any profits made as you didn't "actually" buy anything, you just expressed an interest in buying them and if they went up .....if that make any sense..?

 

Alan, there is no tax on any betting/gambling wins, and spread betting is just that!

 

spot on alan / Phil

 

anyone got any links to site that give you more info on this.would really like to read up on it but pretty intrested

 

Sounds like something out of Trading Places..

"I have a hunch something veeeerrry interesting will happen with pork bellies today"...

 

HHHHHHHhmmmmmmmmmmmmmmm

I could be tempted to pop a bit of money into this if it is explain a little more

 

we just got a bloomberg terminal in our Business Development department not sure how they would use it being its a law firm its all beyond me the stockmarket i need a dummy lesson