Traders Laboratory - View Single Post - YM Contract Basics
View Single Post
  #2 (permalink)  
Old 03-30-2008, 09:39 PM
Soultrader's Avatar
Soultrader Soultrader is offline
Soultrader is looking for a new book to read

Trader Specs
 
Join Date: Aug 2006
Location: Tokyo, Japan
Posts: 3,059
Thanks: 120
Thanked 368 Times in 158 Posts
Send a message via Skype™ to Soultrader
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.

__________________
James Lee
TradersLaboratory.com
-----------------------------
Empowering traders with knowledge.

Please support TL by visiting our sponsors. Thanks!
Reply With Quote