How to rollover your futures

I had a doubt with futures rollover. Say I had a long position for the current month Oct and this expires on 24 OCT. I would like to roll over my long positions to the next month Nov.

I was thinking this can be done, by the following steps
1> Sell your Oct long.
2> Buy the Nov Long

I am not sure if we have a different way to do a rollover. Can someone help me out here.

Thanks
scorpio

You've got that right , scorpio155.

Seems to be the only way to do it. You can do the trades simultaneously to eliminate risk, or stagger the trades to make get a better rate (by taking on some risk).

Thanks for the that guys. I was in a doubt as someone mentioned to me that the brokerage would be less if you do a rollover. (then I was thinking it would be something else)
I wonder how that would be possible. brokerage being less -- the brokers always make money. I like that business.

How do you eliinate the fact that the NOV price is higher than the OCT price, say like OCT is 1.56; nov 1.59 . If you roll over you loose 0.03 instantly. How would you eliminate this loss?