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# Forex futures

Discussion in 'Forex' started by crgarcia, Mar 10, 2008.

2. ### forex-forex

Must be a mistake, because each tick would be 12.50 Euro's.

3. ### crgarcia

Logically, it could only be 12.50 Euros.

It's incredible the CME made such a big mistake on this basic info.

When i trade 6E on Globex, the P/L is dollars and you make or lose 12.5 US dollars per tick.

5. ### forex-forex

Below would be 12.50 Euro's per tick.

"The CME Euro FX controls 125,000 Euros and the E-Mini Euro FX controls 62,500 Euros"

6. ### ssss

forex-forex

Must be a mistake, because each tick would be 12.50 Euro's.
##################

Take case euro/dollar =1:1

one lot is 125000 euro =125000\$

one tick is 12.5 \$

after that think some ... about base and quote currency

7. ### sim03

Yes, something here is incredible. Don't know what the poor Merc would do without sharp-eyed guys like you watching over them constantly.

8. ### sim03

Try this trade, on paper and/or on a calculator:

buy to open 1 Euro FX @1.5340 (position value = 125,000 x 1.5340 = \$191,875.00);
sell to close 1 Euro FX @1.5341 (position value = ... = \$191,887.50).

What's the gross P/L, ignoring commissions?

And there's your futures tick value. Hope this helps.

To ensure that you've mastered the material, now repeat this simple exercise for the GBP/JPY future (1 contract = Â£125,000).

9. ### forex-forex

I figure it's a simple typo that got by the proofreader and the \$ will be changed to &euro; once they pick up the mistake.

10. ### crgarcia

Your calculations are completely wrong, but the concept is right:

125,000 Euros x 1.5340 \$/Euro equals \$191,750
125,000 Euros x 1.5341 \$/Euro equals \$191,762.50

So, yes, 1 pip in a 125,000 Euros contract equals USD \$12.50

#10     Mar 10, 2008
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