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Re: YM Contract Basics
Hi,
To answer your question YM futures contract have the following expiration months: March, June, Sep, Dec. The cost per roundtrip transaction is dependant on your broker. This is a fee you should negotiate directly with your broker. Depending on your volume roundtrip commision can range $3-$5 per roundtrip.
Futures trading is not subject to the 25k minimum accounts. You will not be flagged as a day trader even if you place 100 trades a day with an account smaller than 25k. Most futures brokers will allow you to open an account as low as $5,000.
There is no limitation on how many times you can trade the markets a day. Your contract size will be based on how much margin you can put up. But since you sound like you are still new to this, I would not even consider risking money at all. Or even think about trading 2 contracts before even trading 1.
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James Lee
TradersLaboratory.com
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