22 May 2013 #21 R RADO Joined 10 April 2011 Posts 60 Reactions 0 The $500 his referring to is the margin per contract which is in US dollars so really its around $512.45 AUD per contract.
The $500 his referring to is the margin per contract which is in US dollars so really its around $512.45 AUD per contract.
22 May 2013 #22 skc Goldmember Joined 12 August 2008 Posts 8,277 Reactions 329 RADO said: The $500 his referring to is the margin per contract which is in US dollars so really its around $512.45 AUD per contract. Click to expand... That's the margin. It's $10 per tick so it has $150k face value given that the DJIA is 15,000 points. If DJIA is down 250 pts he's down $2500, or 50% of his starting capital. If DJIA is down 500 pts over the week... the fat lady sings.
RADO said: The $500 his referring to is the margin per contract which is in US dollars so really its around $512.45 AUD per contract. Click to expand... That's the margin. It's $10 per tick so it has $150k face value given that the DJIA is 15,000 points. If DJIA is down 250 pts he's down $2500, or 50% of his starting capital. If DJIA is down 500 pts over the week... the fat lady sings.
23 May 2013 #23 R RADO Joined 10 April 2011 Posts 60 Reactions 0 skc said: That's the margin. It's $10 per tick so it has $150k face value given that the DJIA is 15,000 points. If DJIA is down 250 pts he's down $2500, or 50% of his starting capital. If DJIA is down 500 pts over the week... the fat lady sings. Click to expand... Yup.
skc said: That's the margin. It's $10 per tick so it has $150k face value given that the DJIA is 15,000 points. If DJIA is down 250 pts he's down $2500, or 50% of his starting capital. If DJIA is down 500 pts over the week... the fat lady sings. Click to expand... Yup.