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West-central Illinois | I don't do commodities electronically, yet, but I do trade the stock market frequently online. I would agree that you should be pretty educated with electronic market orders. You have GTC (good til cancel) orders or just day orders that are only good for that day. There are limit or market orders, stop orders, stop limits; If you don't know exactly what to do, you can get yourself into trouble fast.
I use Interactive Brokers (interactivebrokers.com) for the stock market ; they have an excellent platform, great fills, and commissions as cheap as you will find. BUT, the customer service is unfriendly and they expect that their customers know what they are doing and are intolerent of people who call with beginner level questions. They do commodity futures, but don't do commodity options. I opened an account with Xpress Trade (xpresstrade.com) specifically to hedge using commodity options. I have not traded with that account as of yet, so I don't have much info on them for ya. | |
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Looking for a Firm for Etrading commodities
