Margin requirement futures question

R

Ronjohn

Hi,

I was hoping someone could clear this margin question up for me.

I would like to to trade the E-micro FX futures contract. The margin is $286 for the USD/JPY and the maintenance is $260. I believe the tic price is one dollar. If I wanted to trade five contracts, would I need to have a margin of 1,430 286 X 5 contracts. Could someone please give me a hand with this. Thank you
 
DarthSidious said:
http://www.cmegroup.com/trading/fx/e-micros/e-micro-euro_contract_specifications.html
0.0001 USD/EUR (=US$1.25)
Your initial margin is $286 x 5
You better have $260 x 5 in your account at the end of the day
That is all there is to it
More...

It's this one
http://www.cmegroup.com/trading/fx/e-micros/e-micro-japanese-yen_contract_specifications.html

0.9387$ tick value.
Knowing that the comission is > 2$
If I was you. I wouldn't day trade micro FX.
The cost is way too high compared to the tick value.
 
Last edited:
If really you want to trade Micro FX,
Pick Eur/Usd. It has a better Return / Cost.
As DarthSidious said, it's 1.25$ per tick,
For the same commission as M6J.
But don't even try to scalp them.
It's more for Swing trader.

M6E isn't that liquid ...
But still more than M6J I guess.
It's very boring also. And prone to slippage.
 
You must log in or register to reply here.
Back
Top