info on Index futures?

Discussion in 'Index Futures' started by sun170, Feb 27, 2007.

  1. 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

  3. ==============
    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