What do you buy on ER2 ... newbie Question

[Guest kakakidan]

Hi,

I m totally new to trading. my question is

 

1) What exactly you buy, when you buy 1 contract on ER2 (emini russell) presently at 850.3. i mean crude contract, wheat, rice, etc...

 

2) how much money you need to buy 1 contract on ER2 without any broker leverage.

 

thanx a lot.. its a great forum, good source of information.

[torero 10]

Russell 2000 is a composite of 2000 small companies (similar to the S&P 400 small cap). There is also an index in addition to the emini. You'll need about 3350$ minimum to trade but more if you don't want margin call (nowadays, the platform just exit the trade for you immediately).

[brownsfan019 17]

Hi,

I m totally new to trading. my question is

 

1) What exactly you buy, when you buy 1 contract on ER2 (emini russell) presently at 850.3. i mean crude contract, wheat, rice, etc...

 

http://www.cme.com/trading/prd/equity/emini-russell2000.html

 

2) how much money you need to buy 1 contract on ER2 without any broker leverage.

 

http://www.cme.com/trading/prd/equity/emini-russell2000_FCS.html