July 21, 2010
- in Uncategorized by schooloftrade
E-Mini DOW Futures Contract Specifications; tick value, margin requirements, round term commissions
Symbol: YM (CME)
Tick Value: 1.00
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
Best Time to Trade: 9:30 – 1230pm & 3:30 – 4pm EST
Favorite Pattern: Failures, Strength, Traps & Pullbacks
The mini dow, or the YM as most traders know it, is often considered a starting point for many new trader because of its low cost of entry into the market.
Click here for E-mini DOW Futures Contract Specifications on the Exchange Website
