Futures trading predominantly took place during the day time hours in an open outcry fashion for many years.
For years people have swarmed to the Futures markets, hoping to find the holy grail trading system and to get rich overnight. If you really believe there is such a thing as the holy grail trading system, then why don’t more people quit their day jobs in search of this elusive creature?
This is probably what many traders trying to pick a top in the Lumber market are saying right now.
This question has kept many a trader from venturing into the Commodity Futures markets.
For many years the Futures markets only had a day session and all the transactions were conducted in trading pits on the floors of the Exchanges.