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lot size?

  #1 (permalink)
 ohiok5 
phoenix, az
 
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I was wondering why they do not have mini and micro accts for the futures like they do for forex? It would be real nice for a smaller percentage trade to be able to use say 2 half lots instead of either just 1 lot or having to use 2 full ones.

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 Big Mike 
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ohiok5 View Post
I was wondering why they do not have mini and micro accts for the futures like they do for forex? It would be real nice for a smaller percentage trade to be able to use say 2 half lots instead of either just 1 lot or having to use 2 full ones.

There are some, such as CME FX micro currencies (1.25/tick) and mini-oil (QM), mini-gas (QG), mini-gold (QO), mini-silver (QI).

If you want micro sized indices, you need to remember that the E-mini's (ES, YM, TF, NQ) are already micro sized compared to their full sized brethren. To go smaller, you need to step out of futures and back to ETF's.

Mike

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 ohiok5 
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i see, so on the qm for oil does it follow the exact charts as the cl, or would they be different?

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 Big Mike 
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 Big Mike 
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ohiok5 View Post
i see, so on the qm for oil does it follow the exact charts as the cl, or would they be different?

My recommendation is always to chart the regular instrument (CL), never the mini instrument. See the thread I posted above for more info.

Mike

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