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Someone explain to me the Cost of Trading Soy Futures per point.
So i was looking at this index chart and am a little confused...
futures.tradingcharts.com/specs/
cmegroup.com/trading/agricultural/grain-and-oilseed/soybean_contractSpecs_futures.html
cmegroup.com/trading/agricultural/grain-and-oilseed/mini-sized-soybean_contract_specifications.html
SOYBEANS FUTURES
im confused on soybeans trading, from what i understand if i buy 1 ZS soy contract when soy is at 850.00 and it moves to 851.00 for a gain of 1.0 that would mean i profited $5,000 USD? Am i correct?
MINI SOYBEANS FUTURES
im also confused on mini soybeans trading, from what i understand if i buy 1 YK mini soy contract when mini soy is at 850.00 and it moves to 851.00 for a gain of 1.0 that would mean i profited $1,000 USD ? Am i correct?
if i am not correct can someone please clarify for me the profit made on a 1.0 movement???
Can you help answer these questions from other members on NexusFi?
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- Trade what you see. Invest in what you believe -
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thanks, i paper traded it and you were right, but if you have some spare time, can you explain to me what the circled position "net total" means in the attached picture? its for 1 contract
but i dont know what that number means, i just know its a really huge value, im trying to learn as much as i can before i go live, so sorry for the dumb questions.
