I am an experienced trader, but I've always used a broker. In OTC markets, I guess I act as my own broker, but do I have to be licensed? How do I get started trading? For example, if I wanted to trade electricity derivatives through CME Clearport, how would I start? What am I missing here... thanks.
What is $10mm? Does somebody know how I can open an account and start trading these electricity derivatives?
Your question demonstrates that you may not want to trade that derivative! What ISO are you versed in ?
ISO? I'm in the US. Would I just start calling different brokers and then make an account with CME. Where would I get broker numbers
CAn you recommend a book that would show me how to get started in otc markets... or how would I learn if I wanted to get into this field? Don't say LinkedIn either...
If you don't know what an Independent System Operator is or why it matters what ISO you're in then you have not even the faintest idea how electricity markets work. If you want to just throw money into something I'd recommend binary options maybe? A lot less work to set up your account and the same random results.
You're right, I don't know how electricity markets work yet. I figured I would learn the trade mechanics first. If anybody has ever actively traded an OTC derivative, I'd appreciate it if you could offer some advice on how I would even approach this... I've been "googling" but nothing so far.