Does anyone trade these here. What is one contract worth? What is minimum account fee? Do you get much slippage? Any other opinions advice etc please feel free Hogs
The contract multiplier is 5X The minimum account deposit depends on your broker. There is more slippage than with the ES or NQ; the volume is much less (approx. 25 - 30K contracts/day). MM
Only use limit orders, spread to to big to use other orders Point value on YM = $5,- (There's also a $2,- contract but this has even less vol) Hope this helps,
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Thanks for the commercial josbar but what do the traders out there think of this contract? Has the Dow $5 got a future (pun intended)?
I traded it during the fourth qtr because commission where cut in 1/2 @ IB. Still needs more liquidity but the volume is coming on strong now. It wasn't too long ago that the nq's only traded 10k a day.
Why do people post exerpts from exchange propaganda machines and take them as gospel ? Especially from the CBOT ? (Where I'm a seat holder)
Well, he does work for a futures broker (if I remember correctly). Perhaps some ET viewer will decide to trade the Dow E-Minis, and PM him about opening an account. New accounts mean more commission business for his firm. I could be wrong, I suppose.
"(There's also a $2,- contract but this has even less vol)" now there is only the YM with the 5$ multiplier per point tick
Thanks everyone. I'm new to futures and just need to get it right in my mind. If I want to buy a contract with the market trending long strongly. What price am I likely to be filled at? Hogs