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Beat the “Brexit” UPDATE

1280px-Flag_of_the_United_Kingdom

The results are in! In an unprecedented referendum, the people of the United Kingdom have voted to leave the European Union. The sentiment seemed to be pretty split, if not leaning towards “remaining” in the days leading up to the vote. But as the ballots were counted, it became apparent that the U.K. wanted out. Click on the link below to see coverage from the BBC on the referendum and geography of votes.

It appears that the markets had not priced in the possibility of a “Brexit.” Volatility spiked as the outcome became clearer. Here are some charts below showing some of the major markets showing up to this morning (9:00am Friday 6/24/16).

September 2016 FTSE 100 Futures:

ftse 100 sep 16

September 2016 E-mini S&P 500 Futures:

esu6 15m

September 2016 GBP/USD Futures:

6bu6 15m

September 2016 US T-Bond Futures:

zbu6 15m

August 2016 Gold Futures:

gcq6 15m

August 2016 Light Sweet Crude Oil Futures:

clq6 15m

Post by Colson Hauser

Alternative Investment Specialist with Foremost Capital Management

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Contact your Foremost Alternative Investment Specialist for additional information
The Foremost Team (630) 485-2100 or (888) 818-0880

Disclaimer: Trading futures, options on futures, retail off-exchange foreign currency transactions (“Forex”), investing in managed futures and other alternative investments are complex and carry a risk of substantial losses. As such, they are not suitable for all investors. This website contains information obtained from sources believed to be reliable, but such information has not been independently verified and its accuracy is not guaranteed by Foremost Trading. Past performance is not necessarily indicative of future results. Any mention of performance in any context whether actual or hypothetical is no guarantee of future results. Foremost Trading became a registered ‘dba’ of RCM Alternatives in July of 2020. Please see full disclaimer here: https://www.rcmalternatives.com/disclaimer/

Beating Around the "Brexit"

1280px-Flag_of_the_United_Kingdom UK Referendum

On Thursday, June 23rd the United Kingdom will hold an unprecedented referendum to vote on their membership status within the European Union.  What does this mean? Britain is voting on whether or not they want to be a part of the EU.  There are a number of issues causing the vote – not the least of which is immigration.

According to CNBC, “Polls will close at 10 p.m. London-time (5 p.m. Eastern), and then the official returns are expected to start coming in around 1 a.m. Friday local time (8 p.m. Eastern). About 50 percent of the returns will be counted within the next three hours, according to most expectations.”

Whatever the causes, Britain’s exit (i.e. “Brexit”) will undoubtedly have serious ramifications on a social, political and economic level.

Here are a few things to keep in mind:

  • Some markets may experience significant volatility no matter the result of the referendum. We encourage you to manage your risk accordingly.
  • Clearing firms may increase the margin requirements on futures markets likely to be affected by the vote.  This could lead to rejected orders and margin calls.  Contact your BROKER  if you have questions.
  • Managed Futures and automated trading systems are uniquely positioned to take advantage of the opportunity that comes with increased volatility.  Note that increased market volatility is also directly related to increased risk.

Here are three articles to read about the “Brexit” further:

The views in this report reflect solely those of the author(s) and not necessarily those of Foremost Trading, its DBAs, or its Principals and brokers. This report and the information herein should not be considered investment advice or the results of actual market experience. Futures trading, like all investments, carry certain risks and may not be appropriate for all investors. All trading should be done with risk capital. Past performance is not necessarily indicative of futures results.

Post by Colson Hauser

Alternative Investment Specialist with Foremost Capital Management

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Contact your Foremost Alternative Investment Specialist for additional information
The Foremost Team (630) 485-2100 or (888) 818-0880

Disclaimer: Trading futures, options on futures, retail off-exchange foreign currency transactions (“Forex”), investing in managed futures and other alternative investments are complex and carry a risk of substantial losses. As such, they are not suitable for all investors. This website contains information obtained from sources believed to be reliable, but such information has not been independently verified and its accuracy is not guaranteed by Foremost Trading. Past performance is not necessarily indicative of future results. Any mention of performance in any context whether actual or hypothetical is no guarantee of future results. Foremost Trading became a registered ‘dba’ of RCM Alternatives in July of 2020. Please see full disclaimer here: https://www.rcmalternatives.com/disclaimer/

Will Nascent Commodities Rally Last?

Those paying attention to commodity prices recently will have noticed an uptick off of historic lows. Depending on your trading method, this rally is prices may provide relief or trouble. But the long-term quest of commodity prices is still quite uncertain.

Erik Norland from the CME Group has a helpful short video giving his perspective on recent price action in commodities, especially as it relates to China and global sovereign debt.

Click on the title or the image below to view the video.

Will Nascent Commodities Rally Last?

How have you been trading different commodity markets? Interested in getting started or considering a new approach? Call one of our BROKERS to discuss different ways you can approach these markets.

All examples in this video are hypothetical interpretations of situations and are used for explanation purposes only. The views in this report reflect solely those of the author(s) and not necessarily those of Foremost Trading, its DBAs, or its Principals and brokers. This report and the information herein should not be considered investment advice or the results of actual market experience. Futures trading like all investments, carry certain risks and may not be appropriate for all investors. All trading should be done with risk capital. Past performance is not necessarily indicative of futures results.

The Foremost Trading Team

Have questions? Call or email us!

(888)818-0880
info@foremosttrading.com

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Disclaimer: Trading futures, options on futures, retail off-exchange foreign currency transactions (“Forex”), investing in managed futures and other alternative investments are complex and carry a risk of substantial losses. As such, they are not suitable for all investors. This website contains information obtained from sources believed to be reliable, but such information has not been independently verified and its accuracy is not guaranteed by Foremost Trading. Past performance is not necessarily indicative of future results. Any mention of performance in any context whether actual or hypothetical is no guarantee of future results. Foremost Trading became a registered ‘dba’ of RCM Alternatives in July of 2020. Please see full disclaimer here: https://www.rcmalternatives.com/disclaimer/

AGENA: Little Known But Powerful Trading Platform

It isn’t often that I feel compelled to take the time to write a review of a trading platform but after speaking with Agena Trader CEO, Gilbert Kreuzthaler and running through a demonstration of the platform with technical support, I knew this one was truly something special. In a very short time, I was up and running with the platform.

Agena Trader went into development in 2009 and went live in 2012 as a premier trading platform. Agena allows users to trade multiple asset classes from one platform. It connects multiple brokers simultaneously. Agena also connects to multiple data feeds at the same time. This gives the user the ability to connect to one broker for futures, another for Forex and yet another for stocks for example thus eliminating the need for multiple trading platforms and analysis tools. You can manage all your accounts from one platform.

Up until recently Agena was only available to German, Swiss and Austrian customers. They have now released the platform in English, Russian and Japanese. Currently they offer both lease and purchase licenses.

Agena trader’s performance is what impressed me. You can scan up to 1000 symbols of various asset classes for trade signals and open up a huge amount of charts without slowing down execution speed. They took the time to build the platform architecture with state of the art technology. Even after hours of running the application, there wasn’t any decline in performance, no apparent decline in the computer’s working memory, and it barely taxed my processor.

Agena supports C# programming for custom strategy building. They have included a NinjaTrader Script import function that is very easy to use. They even provide personalized support for importing third party Ninja indicators. Strategy back-testing is also a nice feature.

Of course Agena also offers advanced charting, DOM and Quick Trade that are very intuitive and easy to use.

For those of you that say “Ugh, I don’t want to learn a new platform,” take heart, I found Agena very easy to learn and use. Agena provides excellent support and many videos to shorten that learning curve. In my opinion Agena trader is worth taking a serious look. I have to say that Agena maybe one of the most intuitive and customizable trading platforms on the market today. Agena was built by traders for traders. Whether you are a beginning trader or a pro Agena is worth a look.

You can obtain a Demo with live data at our website. The author of this post, Neil Rogers is with Foremost Trading, LLC. He has been in the commodity futures trading industry since 1981 as a floor trader/floor broker and manager of one of the largest proprietary trading desks on the CBOT trading floor. More recently Neil has been providing online trading solutions to his clients since 2003.

The Foremost Trading Team

Have questions? Call or email us!

(888)818-0880
info@foremosttrading.com

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Disclaimer: Trading futures, options on futures, retail off-exchange foreign currency transactions (“Forex”), investing in managed futures and other alternative investments are complex and carry a risk of substantial losses. As such, they are not suitable for all investors. This website contains information obtained from sources believed to be reliable, but such information has not been independently verified and its accuracy is not guaranteed by Foremost Trading. Past performance is not necessarily indicative of future results. Any mention of performance in any context whether actual or hypothetical is no guarantee of future results. Foremost Trading became a registered ‘dba’ of RCM Alternatives in July of 2020. Please see full disclaimer here: https://www.rcmalternatives.com/disclaimer/

What’s Been Happening in China?

The world equities markets are in tumult.  Words like “correction” and “panic selling” are being thrown around like darts.  Many pundits are pointing back to actions in China as the catalyst for much of this market volatility.  But what’s been happening in China?

Bloomberg released a very helpful infographic showing the major Chinese policy actions and where they fit on the Shanghai Composite Index.  We found this very helpful and thought you would too.  Click on the image below to go their article and see a bigger version.

whats happening in china

The Foremost Trading Team

Have questions? Call or email us!

(888)818-0880
info@foremosttrading.com

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Disclaimer: Trading futures, options on futures, retail off-exchange foreign currency transactions (“Forex”), investing in managed futures and other alternative investments are complex and carry a risk of substantial losses. As such, they are not suitable for all investors. This website contains information obtained from sources believed to be reliable, but such information has not been independently verified and its accuracy is not guaranteed by Foremost Trading. Past performance is not necessarily indicative of future results. Any mention of performance in any context whether actual or hypothetical is no guarantee of future results. Foremost Trading became a registered ‘dba’ of RCM Alternatives in July of 2020. Please see full disclaimer here: https://www.rcmalternatives.com/disclaimer/

How to Trade Greece Volatility

You’ve no doubt been following the drama surrounding Greece and the European Union. There is no new story here; we’ve written about it before. One day it seems like a promising deal will be made, the next it seems like the house of cards will unravel with a “Grexit.” The chart above shows a recent history of Greece’s 10-year bond yield.

As a savvy investor, however, you’re more interested in what this means for you. Perhaps you’re looking for a way to take advantage of volatility overseas. What vehicles are available for this sort of thing? You could invest directly in the Greek stock market. But with the Athens Composite Index down nearly 50% from its highs of 2014, maybe not. You could invest in a broader European stock index like the Euro Stoxx.

The Euro Stoxx 50 Index is a composite of Europe’s Blue Chip stocks. Some names you may recognize are BMW, L’Oreal and Deutsche Bank. In fact, there is a futures contract based on this index facilitated by EUREX. Each point represents €10. The September futures contract is roughly valued at 3650 or €36,500. And according to today’s exchange rate, that means approximately $40,150. The margin required to hold one contract overnight is €2604.

On the other hand, trading futures involves substantial risk and a lot of time for research. It can be a great way to diversify your portfolio, but the leverage inherent in futures can work for or against you. Perhaps a better solution is to have a professional manage your account – and one that has exposure to the European market place.

With that in mind, let me introduce you to Goldenwise Capital Management. They trade a variety of futures and options contracts with an emphasis on volatility and even some foreign contracts like Euro Stoxx futures and Asian stock indices. In our opinion, they are a great emerging CTA for investors that meet the definition of QEP. Here is the skinny:

Goldenwise Capital Management:

  • Minimum Investment = $200,000 (will take 50% notional funds)
  • Assets Under Management = approx $45MM
  • Worst Historical Drawdown = -10.69% (09/2014 – 10/2014)
  • Annualized Standard Deviation = 19.32%
  • Compounded Annualized ROR (CAROR) = 49.70%
  • 36 Month CALMAR Ratio = 1.13

There is no guarantee of profit regardless of who is managing your account.

Goldenwise Capital Management

VAMI AND AUM

 

Trading is tough. If you believe you meet the criteria of a QEP, talk to your BROKER about Goldenwise. They may be able to add the diversification you need while taking advantage of unique markets and opportunities often neglected by other CTAs.

The Foremost Trading Team

Have questions? Call or email us!

(888)818-0880
info@foremosttrading.com

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Disclaimer: Trading futures, options on futures, retail off-exchange foreign currency transactions (“Forex”), investing in managed futures and other alternative investments are complex and carry a risk of substantial losses. As such, they are not suitable for all investors. This website contains information obtained from sources believed to be reliable, but such information has not been independently verified and its accuracy is not guaranteed by Foremost Trading. Past performance is not necessarily indicative of future results. Any mention of performance in any context whether actual or hypothetical is no guarantee of future results. Foremost Trading became a registered ‘dba’ of RCM Alternatives in July of 2020. Please see full disclaimer here: https://www.rcmalternatives.com/disclaimer/