Futures newbie, margin question

8

8hcap

I'm pondering trading the ES or NQ, and was wondering about how margin works with these instruments. From what I've found, ES is $50 x index per contract. So, for ES trading at 890 X $50 = $44,500.

It seems like this can add up FAST with multiple contracts. Does margin work the same with futures as with equites?

If I have a 50k account, what could I trade utilizing margin?

Thanks.
 
No trying to be rudehere but :

If you have to ask these questions : DON'T TRADE FUTURES.

Basicly around $1000 / contract is required for trading (intraday) 1 contract ES mini
So answerring your question you would be able to enter a position of 50 contracts - Every point change in the futures would be $2500,- !!!
Take a look at the average daily range and you;ll understand.
 
Quote from 8hcap:

I'm pondering trading the ES or NQ, and was wondering about how margin works with these instruments. From what I've found, ES is $50 x index per contract. So, for ES trading at 890 X $50 = $44,500.

It seems like this can add up FAST with multiple contracts. Does margin work the same with futures as with equites?

If I have a 50k account, what could I trade utilizing margin?

Thanks.
More...

That's the value of the contract - not the required margin. Full margin for ES is about $4K. Daytrading margins exist, depending on your broker.
 
Quote from RSprengers:

No trying to be rudehere but :

If you have to ask these questions : DON'T TRADE FUTURES.

Basicly around $1000 / contract is required for trading (intraday) 1 contract ES mini
So answerring your question you would be able to enter a position of 50 contracts - Every point change in the futures would be $2500,- !!!
Take a look at the average daily range and you;ll understand.
More...

Thanks, Rob. I don't intend to trade until I do understand this. Just looking for inputs from folks more experienced with this.

Cheers.
 
Quote from 8hcap:

I don't intend to trade until I do understand this. Just looking for inputs from folks more experienced with this.
More...

No harm in asking questions. I doubt that the margin requirements come to "experienced" traders in a dream.

--Db
 
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