How to Choose the Best Futures Screener – Detailed Review 2024

Фьючерсы

Futures are derivative financial instruments that acquire their value as a result of changes in the prices of underlying financial instruments. In fact, these are obligations to purchase or sell a commodity (financial instrument) in a certain quantity and at a certain time (a certain period of time) at pre-agreed prices. Exchanges where futures are sold and bought form the terms of trade agreements (contracts).
Futures contracts are fixed-term (have a limited expiration date) and stop trading when it expires.

How to Choose the Best Futures Screener - Detailed Review 2024
How a futures contract works – a practical example of calculation [/ caption] Trading in futures contracts began about 150 years ago in the field of agricultural production. Production cycles (tillage, planting, harvesting) caused price fluctuations in the market and in order to balance these factors, preventive crop buyback methods at fixed prices were applied. Subsequently, this tool was widely used on the stock exchange, and today it has become one of the key parts of the entire financial system.

Screener is a concept that comes from the English word screen (sieve, sieve), which is widely used in many areas, such as sociology, advertising, etc. This concept is also used in stock trading, including futures trading.

Best Futures Screeners

At its core, a screener is a service with a set of filters (volume, percentage of changes, graphical display, current changes, etc.), which allows you to select from the whole variety of futures exactly those that a trader needs at a given time. Such services are simply necessary for everyone who works on stock exchanges, both domestic and in Europe, Asia, America, where up to several thousand positions in securities, cryptocurrencies, etc. can be accessed. In practice, the use of screeners allows you to quickly and efficiently obtain all the information a trader needs, which is the key to his successful work on the exchange. There are a lot of such screeners and they can be used when purchasing almost any futures contracts, from oil and gas to
cryptocurrency. Such platforms that operate on both the European and American stock markets include the popular screeners discussed below.

Finviz

A very popular free service that does not require registration, which provides analytical materials on both securities and futures, indices, and currencies.
How to Choose the Best Futures Screener - Detailed Review 2024The presence of a number of filter categories, such as Descriptive (public information about the security), Fundamental (filters based on the fundamental analysis of stocks), Technical (filters based on the technical analysis of stocks), ALL (a window in which all filters are combined).
How to Choose the Best Futures Screener - Detailed Review 2024

Morningstar

One of the most famous Morningstary screeners. To start working on it, you need to go through a free registration for the Basic version. The window is selected in the pop-up list as seen from the screenshot.
How to Choose the Best Futures Screener - Detailed Review 2024This screener does not have as many filters as Finviz. It contains filters such as:

  • Stock sector (sector);
  • Morningstar stock type (share type);
  • Morningstar equity style box (capital calculation according to specialized Morningstar formulas);
  • Minimum market capitalization (minimum market capitalization of shares).

How to Choose the Best Futures Screener - Detailed Review 2024A little lower, there is the Morningstar Stock Grades category, which is divided into three categories.

  • stock growth assessment (Growth grade);
  • financial stability assessment (Financial health grade);
  • Profitability grade.

The assessment is carried out on a scale from A – F.
How to Choose the Best Futures Screener - Detailed Review 2024Next comes the filter system (Company Performance) that selects positions according to the following parameters:

  • revenue growth over the last 3 years (3-year revenue growth);
  • own profitability (Return on equity (ROE);
  • income growth forecast for the next 5 years (5-year forecasted earnings growth).

Then there are several more filters: total income for various periods, P / E ratios, dividends. As a result of using filters, the following table is obtained (filters for 6% dividends).
How to Choose the Best Futures Screener - Detailed Review 2024

The screener can produce no more than 200 results as a result of the analysis.

Equity monitoring from Equity.today

This is a very convenient screener for traders who do not have enough knowledge of exchange terminology in English. The system interface looks like this.
How to Choose the Best Futures Screener - Detailed Review 2024In the main menu, it presents several categories of filters:

  • Overview – contains a series of data on assets (value of shares, type of currency, percentage change, capitalization, etc.);
  • Trading – a category containing extended information about stock prices (Bid, Ask, Size, Day Low, High and others);
  • History – also a category of price indicators for more significant and old periods (%Change 52 Week Low, High, and others);
  • Fundamental – coefficients that can be considered classic (EPS, Price / Book, Cash and others);
  • Those. analysis – performed on moving averages (50 Day MA, 200 Day MA, etc.).

To apply filters on this screener, you need to hover the cursor over the line of interest, and click the filter icon. After that, the screen displays general information, the company which owns the shares, and charts:
How to Choose the Best Futures Screener - Detailed Review 2024This screener has a fully Russified interface that is easy to use.

stock watcher

This screener is available without registration, it reflects more than 7.5 thousand positions for which it is possible to screen. It contains a significant number of filters that reflect different categories.

  • Main parameters (price, ATR, gaps, percent change, volumes, etc.).
  • Techno. Parameters (extremums for 50 days, Range, etc.).
  • Fundamental parameters (P/E, Shares Float and other ratios).
  • Level 1 (sorting by different indicators Ask, Bid, Size and others).
  • Premarket (price at the time of the upcoming market opening, and other indicators).
  • Signals (price levels, sizes, volume peaks and other signal systems).
  • Other (sorted by ticker, IPO date,).

How to Choose the Best Futures Screener - Detailed Review 2024The lists also reflect stock charts and their volumes. The screener is partially Russified and in order to get started, just select the necessary filters and click on the “Search” function.

market watch

This screener has only 6.5 thousand tools, but you can work on it without registration.
How to Choose the Best Futures Screener - Detailed Review 2024In total, the following categories are available on it:

  • Price – this section indicates the price, price range, percentage changes, place in relation to the 52-week extreme;
  • Volume — category in which the current volume is indicated;
  • Fundamentals — P/E ratio and market capitalization.
  • Technicals – ratios for the 50-day moving average and indices.
  • Exchange & Industry – the exchange and its sectors are selected.

In order to start working in the screening, you need to use the “Screen” button, then specify the required fields and sorting options:
How to Choose the Best Futures Screener - Detailed Review 2024The result will display lists of stocks and sorting types:
How to Choose the Best Futures Screener - Detailed Review 2024This screener does not allow you to work with a large number of tools and filters, but it is great for quick analysis of stock markets.

Yahoo Finance Screener

Almost all search platforms have their own screeners. Which includes Yahoo Finance Screener. It has a fairly extensive database of filters and you can work on it without registration, while the number of tools with which you can work is almost unlimited.
How to Choose the Best Futures Screener - Detailed Review 2024This is what the screen of the screener itself looks like. It has the ability to select capitalization, region, required industry and other necessary parameters, which can be added using the “+ Add another filter” button.
How to Choose the Best Futures Screener - Detailed Review 2024To add a filter, you just need an icon next to the necessary filters, then use the Find Stocks icon to perform screening. The result will be the following picture:
How to Choose the Best Futures Screener - Detailed Review 2024This system allows you to work with a huge number of tools around the world. However, despite a significant number of filters, they are mainly related to analytical ratings.

OTC Markets

This is a free screener that allows you to work with a large (over 17,000) number of tools for free. The system itself has the following interface: The
How to Choose the Best Futures Screener - Detailed Review 2024filters presented on this service are divided into the following categories:

  • Markets – allows you to select general indicators (region, industry, instrument type);
  • Growth – data that is related to cost, percentage changes and volumes;
  • Performance – indicators of changes in prices and volumes.

Screening is performed automatically, just select the desired filter. However, the list of filters on it is relatively small. Therefore, it is best to use it when you need to work on several exchanges at once, and there is no need for a large number of filters.

Examples of analysis using screeners

For the analysis, we will use Finviz and run it through different filters. The analysis will be carried out by the Descriptive filter on the NYSE stock exchange, the price per share is 5 USD, the volume is more than 1 million.
How to Choose the Best Futures Screener - Detailed Review 2024According to these conditions, out of more than 7.5 thousand shares, the filters selected 60 that meet the set conditions. It is clear that in this case it is much easier to choose interesting positions. Next, we filter through fundamental filters. Price/Free Cash Flow over 20, Return on Investment (ROI) over 25%, EPS growth past 5 years over 25%.
How to Choose the Best Futures Screener - Detailed Review 2024The result is 37 positions that satisfy the filtering conditions. As another example, technical analysis indicators are chosen. We select stocks for which an ascending triangle has formed, and the price is 10% higher than the 20-day moving average.
How to Choose the Best Futures Screener - Detailed Review 2024Of all the securities, only 2 satisfied the given parameter. To make sure that the pattern is defined correctly, let’s go to the window that shows stock charts. The chart marks the point where the price crosses the SMA 20, which confirms that the stock is above the 20-day moving average indicator.
How to Choose the Best Futures Screener - Detailed Review 2024Binance density and level screener for scalping and mid-term: https://youtu.be/fcPg4qDRVZo

Futures in investing

It is clear that initially futures were created to reduce the risks of producers. But today, futures are purchased by private investors, if it is necessary to pre-fix prices for oil, gas, precious metals, agricultural products and much more. With their help, investors earn on assets that are not purchased directly, such as oil.

What futures can be purchased on the market

In our country today the most popular are futures contracts related to oil, gas, gold and other precious metals, currency. In recent years, cryptocurrency futures contracts have become increasingly popular. More recently, it was assumed that the end buyer, within the time specified in the contract, would receive a real asset, which would be delivered using the exchange. Now, on the day the contract ends, the parties simply settle on the derivative. At the same time, futures can be freely traded on the stock exchange for the entire period of the contract. The prices for such assets directly depend on the prices for the underlying instruments, so traders have the opportunity to earn on the very process of buying / selling them, but such operations require certain experience and knowledge. Therefore, investors who are just starting to work on the exchanges,

Conclusion of futures contracts and work on them

Futures contracts are concluded exclusively on the exchange. The seller submits his application, which indicates a specific price and term. After that, it is waiting for the buyer, who will be satisfied with the set conditions. But there is another way, when the seller simply chooses from the list of applications submitted by buyers. The exchange always publishes lists of offers from both sellers and buyers. Using futures screener platforms, you can always choose the most optimal positions. As soon as the contract is concluded, the exchange assumes all obligations for its proper execution. [caption id="attachment_11871" align="aligncenter" width="564"]
How to Choose the Best Futures Screener - Detailed Review 2024The structure of the futures contract [/ caption] By assuming obligations, the exchange assumes certain risks. Therefore, in order to protect itself, before concluding a futures contract, the exchange receives cash deposits from both sides. Their sizes are calculated by the exchange on the basis of a complex algorithm, the main components of which are the indicator of price fluctuations for the assets specified in the contract over the previous year. For example, if the average daily fluctuation in the price of an asset is 7%, then the exchange margin will be about 15% of the futures price. If the parties to the contract fulfill their obligations in full, then the deposit is returned to them. The change in the price of a futures occurs constantly on the exchange, the rules for calculating the price change on each exchange are different, but they are always based on the prices offered by its participants in the market. Clear, that if the value of the asset rises, then the price of the futures, of course, will also increase and vice versa. At the same time, the futures price can be either higher or lower than the market price of the asset. But such a difference is usually small, usually the price of the futures corresponds to the price of the asset.

Features of cryptocurrency futures trading

Buying/selling crypto futures became possible relatively recently, in 2017. And from that moment on, they began to confidently conquer world exchanges, as they opened up additional wide opportunities for traders to invest. Today, more than 5,000 cryptocurrencies are available on the exchanges and their number is constantly increasing, which suggests that crypto trading will not decrease its popularity for a very long time.

What are cryptocurrency futures contracts?

Thanks to such contracts, exchange participants gained wide access to cryptocurrencies. In terms of its functions, this tool resembles fund indices or product futures, in which the trader assumes all the risks associated with the price of the cryptocurrency. Here the trader uses cash, but does not trade cryptocurrency in the literal sense of the word. The high level of volatility of cryptocurrencies makes it possible to purchase it at low prices and put them up for auction with significant increases. How to trade cryptocurrency futures: Kraken Futures tips: https://youtu.be/uPCeUYwSg7c Buying/selling crypto futures is available on a number of online platforms (electronic exchanges) which include: Binance Futures, Coinbase, Huobi Global, Kraken, Bitfinex and many more other. On these platforms, very convenient screeners are available, the filters on which make it easy to isolate the crypt that the client needs. [caption id="attachment_12134" align="aligncenter" width="1886"]
How to Choose the Best Futures Screener - Detailed Review 2024Binance Futures Screener

Cryptocurrency futures device

Cryptocurrency trading is associated with a set of problems that are not inherent in other futures. These include, first of all, a negative image in many countries, and a high degree of volatility. But these are not always disadvantages, as a high degree of volatility is often used by investors to earn money. One of the important features of cryptocurrency trading is that the risk is associated exclusively with the value of the currency, since its acquisition does not make the trader the actual owner of the asset. Another very important element in the trading process is ”
leverage “.“. It is this that allows the trader to buy cryptocurrency not at the price set on the spot market, but by paying only a part of it. This is only possible when dealing with futures.

How to Choose the Best Futures Screener - Detailed Review 2024
Leverage has dangerous consequences for the trader in case of unsuccessful trading

Margin

In order to acquire a position on the exchange, you need to deposit a margin, and the opening of each new trading position will require additional financial security. Maintenance margin is the minimum amount of funds that a trader needs to maintain an open trading position. The maintenance margin level is supervised by the exchange, which makes it possible to keep track of the collateral that is used. If the investor runs out of the limit, the positions are subject to liquidation.

Calculations on crypto futures

Mutual settlements on such transactions are not similar to traditional systems. Exchanges have developed a mechanism that aims to constantly equalize futures and index prices. This mechanism is the funding rate. The rate is calculated based on the difference in prices in the spot and futures markets. When working with an exchange, it must be taken into account that funding rates can have a negative impact on investor returns, because funding rates can soar due to market overheating. And as a result, investors will not be able to maintain “long positions”.

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