info on Index futures?

S

sun170

Can anyone here explain to me how index futures work?? Mainly, How much is one contract for the YM cost? What is the Leverage? How much P/L per point?

Also What brokers do u use? I trade Nasdaq and dont know anyone who does futures, but i am very curious and want to learn.

Thanks For any info :p
 
Quote from sun170:

Can anyone here explain to me how index futures work?? Mainly, How much is one contract for the YM cost? What is the Leverage? How much P/L per point?

Also What brokers do u use? I trade Nasdaq and dont know anyone who does futures, but i am very curious and want to learn.

Thanks For any info :p
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Sun17;
Yes, YM works like DIA, but more leverage;
ES works like SPY, but more leverage.
Like Cash coyne of Bright Trading Co says; leverage is a 2edged sword.

Interactive Brokers ''smart '' routing/tws lives its name;
OXPS[options express ]has good free prophet charts for account holders, use both.

Most businesses fail ,about 80% fail [about 20% succeed];
the plans of the diligent tend only to advantage.-
Solomon-trader king
 
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