You first need to get an appointment with a brokerage company who can sponsor your training and licensing. Many companies will provide free training.
Contact your broker.
A futures trading broker has the responsibility of offering direct to pit trades that take place online. They offer updates, commodity trading and information on the options at hand.
There are many options online to find someone to provide these services. When searching for a futures commodity broker weigh in facts such as experience, and overall success of previous trades.
To become a future broker one needs to pass the three series examination. The first part exists of questions that have to do with basic knowledge and the second part will cover rules and regulations. Next you need to fill out the 8-R form with the NFA.
You purchase a futures contract by first opening a futures trading account, which is a margin account, with a futures broker. Once that is done, simply choose the specific futures contract you wish to buy and then pay its "Initial Margin", which is a deposit needed to start a futures trade.
Dija futures is a type of trading stocks. To trade Dija you need an account with a registered commodity futures broker who can provide training on how to use the system.
In order to become a commodity trading broker, one must pass the FINRA (Financial Industry Regulatory Authority) Exam, and registered with the NFA (National Futures Association), pass the series 3 exam and submit the disclosure document to the NFA.
Some companies that are interested and working toward commodity futures are as follows: TDA america, Schwab, Farrdirect, Optimus Futures and others. These will be good resources for information.
First of all, you need to have a futures trading account with your local futures broker. After that is in place, it is a simple matter of going long on the nifty futures when you think the market is going to go up and going short when you think the market is going to go down.
The commission rate for a futures brokers vary according to how much work is in it for them. You can find discount brokers for as little as 59 cents per trade.
A futures broker acts as a liaison between the futures market and every-day investors, since investing in the futures market can require a great deal of paperwork and a physical visit to a trading pit. Futures brokers are licensed to buy, sell and trade on behalf of their clients, collecting a fee to do so.
You can find a futures broker through any large brokerage company. Fidelity, Hartford, and Merrill Lynch all have great brokers who can give great advice.