I need to edit my statement. The silver mini's traded on the NYSE/LIffe will migrate to ICE Futures this weekend. Looks with the move the margin requirements are dropping 32%!
New minimum margin required to get a mini silver contract is $1375.
seriously... why are there so many incorrect answers...
1- open a futures account
2- deposit their minimum
3- Buy 1 NYSE Liffe Mini Silver contract- Margin requirement $1,815.
If there is no minimum to put into futures account then you only need to put $1,815 into margin.
There is no...
If you are hedging. You do not trade spreads. Example- you have exposure of 25K bushels of soy beans. Then you need to use 5 future contracts on beans. If you do a spread you will add risk to the "cash" position and will not be hedging and you will be speculating.
I'm interested in meeting up in Seattle area. I was a heavy day trader in college. I'm now trading futures but still interested in meeting people with similar hobbies/ skills. Lets get a group together and meet up in a coffee shop/ or pub.
Anders