For a beginner to trade with a strategy that allows adding to positions? I would assume the micro currencies but they have crap volume and I assume the fills are ass.
If you have a smaller account you need smallest margin per contract to trade. If tick is small but margin is high then you cannot add any positions...
Anything less than $10.00? - I don't think so. The Nikkei 225 mini is 1,000 Yen per tick = 8.98 USD I rounded it up to $10.00 USD
YM is $5/pt, but at a nominal price of 25,000 it can zoom 30+ points in the snap of a finger. I feel like $/tick is very relative.
consider this- The ym roughly moves 10 pts for every 1 pt es move. For the ym, that’s 10 ticks. For the es, that’s 4 ticks. The ym has a 6 tick advantage in granularity (es vs ym has 6 ticks of slippage for every es pt) and new traders find it easier to trade because of this.
so far I find the cheapest ( or rather lowest) price per point is US$2 per point ( US$1 per tick ) from SGX cnx nifty index. I simply call that India Nifty index. very good for those who want to trade in huge quantity like a few to hundreds of lots.