E-Mini Nasdaq Futures Contract Specifications; tick value, margin requirements, round term commissions
Symbol: NQ (CME)
Tick Value: .25
Cost/Tick: $5.00 usd
Margin: $500 usd/contract
Benefits: low cost per tick
Drawbacks: low cost per tick, not a very efficient way of earning income, low volume
Best Time to Trade: 9:30 – 1230pm & 3:30 – 4pm EST
Favorite Pattern: Failures, Strength, Traps & Pullbacks
The nasdaq market is known as being a low-cost way to begin your trading career and it is also well known for its increased volatility during times when major tech companies post earning, etc.
Click here for E-mini Nasdaq Futures Contract Specifications on the Exchange Website