As Futures traders we must stay on top of events that are affecting our markets. While instructing classes for Online Trading Academy I always make it perfectly clear that nobody ever knows it all in this business. Unlike some careers where you get a higher education and then sit in a corner office and collect a paycheck, this is not one of them. Trading is constantly evolving from all aspects. This makes continuing education so important to a Futures trader.
As markets become more global, technology for electronic trading changes, geo-political events occur, economic cycles change, severe weather conditions happen and of course we, ourselves change as we grow older. These are just some of the major factors facing a Futures trader constantly and if we are not prepared to keep abreast of them we are heading for trouble.
An event occurring on November 18th, 2012 will be affecting all Stock Index Futures (both domestic and international) products on the CMEGroup Exchange. The CMEGroup has elected to extend the trading hours of these popular products. If you trade the S&P, Nasdaq or Dow Futures you will be affected by this. Note: The Russell 2000 will not be affected by this because it trades on the Inter-Continental Exchange (ICE).
I know some of you are international readers and would like to see time zones in GMT. The east coast of the US has Daylight Savings Time (DST) and Eastern Standard Time (EST) during the course of the year. During DST the East Coast is GMT -4. During EST East Coast times are GMT -5. By using GMT you would have to know which mode EST or DST we are in. During the following times we will be in DST:
2 a.m. on the Second Sunday in March to 2 a.m. on the First Sunday of November
As you… Continue Reading
