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| Some Futures - Information |
Daytrader-Generation is working with a futures-platform allowing you to trade futures on a multitude of markets :
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* Daytrader-Generation works with the broker WHSELFINVEST (to view their site : click here). WhSelfinvest is a European Broker who works with
Man Financial Ltd, a company of the Man Group Plc (for more info : click here), to serve as depository and handle all clearing functions for client
accounts. Man Financial Ltd is the largest depository in the world for futures. The company is part of the Financial Times 100 index. These are
the 100 largest companies in the United Kingdom.
* The account is a multi-currency account. This allows clients to trade futures in USD, EUR, GBP, JPY, CHF, … from the same account at the
same time. If, for example, you trade a future in USD the profit will remain in USD.
Thus clients incur no conversion costs as is the case with single currency accounts which most other futures brokers offer.
* The minimum amount required to open an account is € 10.000. There is no maximum amount.
* Funding the account can be done either by money transfer or a cash deposit. In both cases this needs to be done into a 'client assets' account
with the 'Banque de Luxembourg' in Luxembourg (for more info : click here). The money will automatically be posted to your own individual
account with depository bank Man Financial Ltd. This operation’s cost is € 7,50 + 0,2% with a maximum of € 50.
* Transferring money out of the account is straightforward. For security reasons, the broker does not accept transfer instructions via e-mail or
internet. Only a signed, written instruction (possible to send by fax) is acceptable. All account holders, if there are more than one, need to sign
the instruction. The instruction needs to contain the following information : name of the receiving bank, swift code of the receiving bank, account
number, account beneficiary, amount and currency.
Man Financial Ltd, a company of the Man Group Plc (for more info : click here), to serve as depository and handle all clearing functions for client
accounts. Man Financial Ltd is the largest depository in the world for futures. The company is part of the Financial Times 100 index. These are
the 100 largest companies in the United Kingdom.
* The account is a multi-currency account. This allows clients to trade futures in USD, EUR, GBP, JPY, CHF, … from the same account at the
same time. If, for example, you trade a future in USD the profit will remain in USD.
Thus clients incur no conversion costs as is the case with single currency accounts which most other futures brokers offer.
* The minimum amount required to open an account is € 10.000. There is no maximum amount.
* Funding the account can be done either by money transfer or a cash deposit. In both cases this needs to be done into a 'client assets' account
with the 'Banque de Luxembourg' in Luxembourg (for more info : click here). The money will automatically be posted to your own individual
account with depository bank Man Financial Ltd. This operation’s cost is € 7,50 + 0,2% with a maximum of € 50.
* Transferring money out of the account is straightforward. For security reasons, the broker does not accept transfer instructions via e-mail or
internet. Only a signed, written instruction (possible to send by fax) is acceptable. All account holders, if there are more than one, need to sign
the instruction. The instruction needs to contain the following information : name of the receiving bank, swift code of the receiving bank, account
number, account beneficiary, amount and currency.
| For more Information about how to select the right broker : click here |
| E-Mail : Admin@Daytrader-Generation.com OR Herman.Bogaerts@Wanadoo.fr |
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| Daytrader-Generation “No Gambling but True Working Tools to Achieve Profit” "Day-Trading, Business of the Future !" |
| IMPORTANT !!! What You have to know about Futures-Contracts !!! |
| Futures Information / Part 1 / click here * What is a Future-contract ? * About Futures-contracts & day-traders * About Symbols and Tick Values * About Short and Long Positions |
| Futures Information / Part 2 / click here * Who Trades Futures and why ? * Things to watch for * Commodity Futures & Option contracts * About Risk Management * Strategies to reduce your risk |
| About Your Account |
| Futures Information / Part 3 / click here * Do Futures carry less risk than Options . * Do the risk vary between puts and calls * About commissions and fees * Is there a limit on potential loss ? |
| Futures Information / Part 4 / click here * About Index Futures * About Expiration dates * About Triple Witching (Freaky Friday) |