(If you already have an account, login at the top of the page)
futures io is the largest futures trading community on the planet, with over 100,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.
At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors – all of which you can find on futures io, utilizing our social trading environment.
With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you don’t need to worry about fake reviews.
We are fundamentally different than most other trading sites:
We are here to help. Just let us know what you need.
We work extremely hard to keep things positive in our community.
We do not tolerate rude behavior, trolling, or vendors advertising in posts.
We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
We expect our members to participate and become a part of the community. Help yourself by helping others.
You'll need to register in order to view the content of the threads and start contributing to our community. It's free and simple.
Pip, Point, Tick, Tack, Contact, Put & Call trader lost in transition!
can someone PLEASE direct me to a link that explains all this, I'm going round in circles looking for a provider that handles Index, forex & commodities, and clearly don't know what to ask!!!!!
Quick Summary is created and edited by users like you... Add FAQ's, Links and other Relevant Information by clicking the edit button in the lower right hand corner of this message.
This post has been selected as an answer to the original posters question
Tick = smallest movement that price can increment, like on ES SP500 Futures if price goes up 1 tick it might go from 1285.50 to 1285.75 (0.25 tick size). For CL oil futures, 1 tick is 0.01 so price would go from 96.50 to 96.51.
Contract = volume size of your purchase you make into the market for futures, it is like shares in the stock equities world
Lot = volume size of your purchase for forex market
Tack = no such thing
Put/Call = relate to trading options
Mike
Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.
Need help? 1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first. 2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses. 3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make. 4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance. 5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers. 6) Help using the forum? Watch this video to learn general tips on using the site.
If you want to support our community, become an Elite Member.
This post has been selected as an answer to the original posters question
Tick = smallest movement that price can increment, like on ES SP500 Futures if price goes up 1 tick it might go from 1285.50 to 1285.75 (0.25 tick size).
For CL oil futures, 1 tick is 0.01 so price would go from 96.50 to 96.51. Pip = forex equivalent of a tick Contract = volume size of your purchase you make into the market for futures,like shares in the stock equities world
Lot = volume size of your purchase for forex market
Tack = no such thing
Put/Call = relate to trading options
Mike
Big Thanks Mike, clear & concise
as in your ES & CL example above are there any other variations of tick values in the market, place if so where do i get a break down of them,
there are so many instruments available i have yet to find a list of them detailing their incremental values & lot sizing etc or is this a variable thing between brokers & therefore impossible to determine in this way????
if it is possible i will post the definitive guide!
Also your platform probably does it automatically. If using NT, you'll find most tick sizes, point values, etc are pre-programmed. Same with MultiCharts, TradeStation, etc.
Mike
Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.
Need help? 1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first. 2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses. 3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make. 4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance. 5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers. 6) Help using the forum? Watch this video to learn general tips on using the site.
If you want to support our community, become an Elite Member.
feeling less stuck!
