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
============== 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