Futures Brokers

Joe Nikruto

Senior Market Strategist

800-453-4494 312-373-5385 Series 3 Licensed

Joe Nikruto attended Indiana State University and DePaul University in Chicago with a major concentration in economics. "It was during college that I got a job as a runner at the Chicago Board of Trade. I was immediately hooked," he says.He adds that he also enjoys futures trading because anyone can do it. "Your success depends on how you handle the risk and how much work you are willing to put in. You don't need a big-time Wall Street connection, or a degree from an Ivy League school to get started. Your success largely depends on you and what you put into it." In 1992, he started as a runner and back office clerk for a very large futures commission merchant (FCM). He moved up to pit clerk, then research associate working on the trading floors directly for a grain and livestock concern based in Memphis. He spent time on various trading desks for a large retail FCM and then became Series 3 registered in 1997. He also helped develop an online trading platform and consulted on development and trading of mechanical trading systems. He has always worked to assist his clients with all types of trading-from option strategies and hedging to complicated mechanical trading systems. His advisory background includes Floyd Upperman, McMaster, Walter Bressert, Ken Roberts, Tech Guru, Hightower, Helms and Barry Rosen. As for his involvement with RJO, Nikruto says, "R.J. O'Brien has been in operation for more than 100 years. That is a century of supporting customers. You have to be doing something right for folks who use futures to choose to do business with you for that long."

Sector Focus

Most markets.

Analysis Preference

Technical and fundamental.

Strengths and Trading Philosophy

Joe's strengths include his work ethic and his ability to provide clients with service that will meet their specific trading needs. His trading philosophy is that if you can recognize and manage the risk, you have a better chance to be successful in trading.

Joe Nikruto's Most Recent Futurescast Articles

Softs

Sugar Consolidating Below Moving Averages

Joe Nikruto
Softs

Sugar Falls Off a Cliff but Summertime Makes Breakouts Tricky

Joe Nikruto
Softs

Sugar Fundamentals Read Bullish, Chart Action Markedly Bearish

Joe Nikruto
Softs

Sugar Rally Over? Watch the 50-day Moving Average

Joe Nikruto
Softs

Sugar Rally Forces Fund Out

Joe Nikruto
Softs

Sugar is Consolidating in Downtrend

Joe Nikruto
Agricultural

New Fresh Bacon Index Served Up by CME Group

Joe Nikruto
Softs

Sugar Breaks Out To The Downside. Now What?

Joe Nikruto
Softs

Sugar Trading Sideways

Joe Nikruto
Softs

Sugar Chops Higher on Roll

Joe Nikruto