"E-Mini Nasdaq Futures Tutorial"
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E-Mini Nasdaq Futures
Ticker Symbol: NQ
Charting Symbol's are as follows, NQ1M or NQM1 are the most common.
Note: All trading in the E-Mini Nasdaq will occur on GLOBEX with the exception of all or none trades during RTH trading hours. Trading shall continue on GLOBEX until 8:30 a.m. the day following the last day of trading on the Trading Floor.
GLOBEX Trading Hours for E-Mini's
3:45pm CST- 3:15pm CST (the next day) Monday through Friday.
5:30pm CST on Sunday - 3:15PM CST which is Monday's close.
Also on Monday through Thursday from 10:00pm CST - 11:00pm CST
the E-mini Nasdaq futures contract pauses and does not trade for about 1 hour.
Quotation: U.S. Dollars per Index Point
Contract Size: $20 x Nasdaq Stock Index
Delivery Months: March (H), June (M), September (U), December (Z)
Minimum Tick (Size/Value): 0.50 or $10.00
Each minimum fluctuation is .50 which is $10.00 and 1.00 is $20.00.
One full point for example from 1180.00 to 1181.00 is 1.00 which is $20.00
Contract size calculation example: lets say the E-Mini Nasdaq futures contract is trading at 1180.00, well at $20.00 per point multiplied by 1180.00 you get the contract size of $23,600.00
If the day trading margin to trade and hold 1 e-mini nasdaq futures contract during the day is approximately $3375.00 Initial margin. $23,600 divided by $3375 shows you a controlling leverage of about 7 to 1.
Keep in mind even though mathematically the leverage in the e-mini
s&p is greater, the e-mini nasdaq futures contract is much more volatile
that the e-mini s&p contact so it is NOT correct to assume when comparing the two leverages together.
The information contained herein is believed
to be reliable, FarrDirect is not held responsible as to its accuracy
or completeness. The information contained herein is subject to change
without notice. Neither the information printed nor any opinion expressed
constitutes a representation by FarrDirect or a solicitation
of the purchase or sale of any commodity futures or options of any
kind. Those using the information herein for trading purposes are
responsible for their own actions and no claim is made that the recommendations
will be profitable or that they will not result in losses.
There is a risk of loss in futures trading.