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This makes it essential to take the guidance and help of trading brokers services. Be warned that there are plenty of unscrupulous trading brokers out there waiting to cheat innocent people who lack market knowledge Therefore it is very important to choose good futures brokers who will make decisions keeping your interest in mind and not only theirs You must first be aware of different types of futures trading account. One is a full service or managed account where the brokerage firm will do all the market research and give you trading advice based on which both you and futures brokers will jointly make the trading strategy This is the best choice for the beginners. Another type of account sometimes referred to as discount brokerage simply takes your order and places it on the exchange where the market study and research is your responsibility If you are new and don't know how to trade futures then this is not advisable If you have decided your future brokers then you must ask for their records from their clients. Ask them for some contact details about their previous clients to know about their performance and how well would they co-operate. Remember, since all futures contracts are time based they will expire and you will be forced to decide whether to sell or roll it over You may lose your money if you advisor is an inexperienced person. If you wish to make a profitable money from futures trading then you must choose a broker who is experienced for many years. You must then compare the charges, fees or commissions asked by various brokers before deciding on the best futures trading accounts Moreover ensure that your broker is registered with Commodities Futures Trading Commissions or with National Futures Associations. It is only out of risk to expect huge returns that you may also not get, therefore if your broker promises for huge returns then think if to open trading account with him. Make sure about the minimum deposits that various with different brokerage houses, therefore ensure about it. There will also be a requirement for providing some personal and financial information to open trading account therefore your must be aware of what you are providing. Find more details about futures and futures brokers, visit http://www.ftacademy.com/ for more information.
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