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I am new to futures and after some months on stocks trading I'd like to begin with corn.
I've spend some time by studying arcticles and a few books and I'd like to ask if I understand correctly followings:
XNU2015
price: 4.34
size: 1000
tick: 1/8 cent
margin: 242
it means after paying 242$ I control contract of overall value 4.34*1000$.
If it moves to 4.4, the profit is 0.06*1000$.
Why I see on my broker's page price 4.3425 while at TradingView is decimal-shifted to 434.6?
Thanks in advance a lot!
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