Key Levels for October 2nd Start of New Month

Hello Traders, Stay Informed with Live Updates in Our Exclusive Facebook Group! https://www.facebook.com/mojodaytrading/ As we approach the new month take it slow and steady.

Futures Contracts Are Basically Only Paper Investments

The actual stock/commodity being traded is rarely exchanged or delivered, except on the occasion when someone trades to hedge against a price rise and takes delivery of the commodity/stock on expiration. Futures are usually a paper transaction for investors interested solely on speculative profit. This means futures are less cumbersome than holding shares of individual stocks, which need to be kept track of and stored someplace (even if only as an electronic record). Companies need to know who owns their shares in order to pay out dividends and to record shareholder votes. Futures contracts don't need any of that record keeping. and do due diligence before trading futures and understand both their advantages as well as their risks.

Keep it profitable,

ProTrader Mike