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Post# of 1459
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Monday, 12/22/2014 4:54:46 PM

Monday, December 22, 2014 4:54:46 PM

Post# of 1459
Trying something new.
I've got two list of entry level futures contracts. I call them entry level because of the low margin. List one is under 500$ and list 2 is under 2000$. I'm starting with the 1st list before I move up. An S&P500 contract is worth 519,500$. A gold contract is worth 120,000$. They're not on the list lol. I'll be working up to that.
List1 MGC M6A MCD M6E MJY XC XK XW
List2 CJ QC TT LE HE LBS QG 6C DX 6A 6B
Most are micro and mini contracts. Don't let the word mini fool you though. A mini S&P500 contract is worth 103,900$. You can get one with 5060$ margin. Lets say you have 10,120 in your account, Twice the margin amount, and the index drops 5% while you are long. You will get a margin call. On the other hand, if the market rally's 5% , you would have made 100% on your investment. WARNING - I did this math quickly - so these may be off. Double check me if you're interested and look up the contracts if you want to start learning as well. GL

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