Futures Trading Blog

Financial Guru asked:


Hello I am a college student utilizing a free trading program for one of my classes. I recently bought Light Crude Oil for 59,800 and the last price was 60,460. I bought 10 blocks of this. So my total was around 604,600. The future i bought was CLV6.NYM and i bought it on 9/26/2006. Im not able to Trade this stock with anyone and im just interested what is goin on with it. Its sitting in my portfolio. Any help would be greatly appreciated

JANVIER

Siddhant Batra asked:


In terms of dollars, how much is the standard brokerage charged for trading 1 future lot of Light Crude Oil (consider its price to be $120)

DADD