Premium track · Futures

Futures Trading

A futures contract hands you the leverage. It doesn't ask whether you wanted it. Six stages take you from the spec sheet to a week on the desk. You learn what a tick is worth, margin and the daily bill, which month you hold and when to roll. Then the session and its levels, each market's own rules, and how to size and hedge a position. The live simulator runs the same mechanics on paper money.

6 stages · 67 lessons · interactive
Stage 111 lessons

The Contract

You'll read a contract's sheet and know what one tick costs you. You'll also know which month you're holding, and the day you have to be out.

  1. A Promise With a Date
  2. The Spec Sheet
  3. Ticks, Tick Value and the Multiplier
  4. Reading a Futures Quote
  5. Contract Months and the Front Month
  6. Expiry: Last Trading Day and First Notice Day
  7. Minis and Micros
  8. Long and Short Are the Same Trade
  9. Notional vs What You Post
  10. Futures Against Everything Else
  11. Read the Sheet Cold
Stage 211 lessons

Margin and the Daily Bill

You'll carry a position through the daily settlement. You'll know what a margin call is, when it lands, and why there's no liquidation price to hide behind.

  1. Margin Is a Bond, Not a Loan
  2. The Settlement Price
  3. Marked to Market Every Day
  4. The Margin Call Is a Cash Call
  5. When the Margin Goes Up
  6. Day-Trade Margin vs Overnight
  7. Below Zero
  8. Price Limits and Circuit Breakers
  9. Fees and the Round Turn
  10. Where Your Margin Sits
  11. The Week the Margin Went Up
Stage 311 lessons

Months, the Curve and the Roll

You'll hold one market across its months. You'll read the curve, price the roll, and know why the level on your chart was never traded.

  1. One Market, Many Prices
  2. Contango and Backwardation
  3. Why the Curve Has a Shape
  4. Basis and Convergence
  5. The Roll
  6. Roll Yield
  7. The Continuous Chart and Back-Adjustment
  8. Calendar Spreads
  9. Inter-Commodity Spreads
  10. When the Curve Breaks
  11. Roll It Right
Stage 411 lessons

The Clock

You'll trade the futures session as structure. You'll draw the open, the overnight range, the settle and the roll gap, then trade off the line.

  1. Twenty-Three Hours
  2. The Cash Open
  3. The Overnight Range
  4. The Settlement Print
  5. Yesterday's Settle as a Level
  6. Gaps That Aren't
  7. The Calendar
  8. Roll Week on the Tape
  9. Which Timeframe, Which Session
  10. Sunday Night and Monday Morning
  11. Trade the Open
Stage 512 lessons

The Markets

You'll learn each contract family's own rules, report days and quote conventions. Then you'll pick the right contract for the job.

  1. Seven Families, One Machine
  2. Index Futures
  3. Rates
  4. Crude Oil
  5. Natural Gas
  6. Gold, Silver, Copper
  7. Grains
  8. FX Futures
  9. VIX Futures
  10. The COT Report
  11. Seasonality, Carefully
  12. Pick the Contract for the Job
Stage 611 lessons

Trading and Hedging With Futures

You'll size in contracts, hold through a weekend and hedge a portfolio. Then you'll run a written futures plan for a week on the desk.

  1. Sizing in Contracts
  2. The One-Contract Problem
  3. Overnight and Weekend With Margin
  4. Day Trade or Swing
  5. Hedging a Stock Portfolio With ES
  6. The Producer's Hedge and Basis Risk
  7. Spread Trades as a Position
  8. Options on Futures
  9. Orders in a Globex Session
  10. The Futures Playbook
  11. A Week on the Desk

Every TradeWize account starts with the free Foundations curriculum — 20 investing stages, no card required. The Futures track is part of Premium, alongside the other advanced trading tracks, real-time market data, and unlimited hearts.

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