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Sunday 5 February The aim of this article is to be the ultimate introductory guide to Emini futures. There are answers to the most frequently asked questions, charts and data to show the importance of Emini futures and downloadable resources for Emini traders.
Use the links below to jump to a particular section:. It is traded on the Chicago Mercantile Exchange CME via their Globex electronic trading platform. Emini contracts are available on a wide range of US stock market indices, commodities and forex currencies.
Emini futures are the perfect day trading vehicle. They have a number of advantages for both day traders and longer term traders:. Over the years I have traded almost every possible security: The section above lists a number of the advantages of Emini futures. But what about compared to trading forex, stocks, options, commodities or bonds? The video above was recorded a few years ago, but still holds true. Here are the main points:.
Emini futures were originally launched in September to attract non-professional investors into trading index futures.
Over 10 years, the Emini became a huge success. Not only with non-professionals but with professional traders too. Now everyone trades the Emini: The chart above shows the growth in monthly Emini trading volumes. The huge volume spikes of over 80 million contracts traded happened during large market sell-offs. Average daily trading volume is regularly over 2 million contracts. Between and trading volumes have backed off, but that decline in trading activity has been seen across all traded markets.
So that puts the Emini in the Top 3 Largest Traded Markets in the world.
Here are my estimates of the daily capital traded for each of these markets:. I suppose the many advantages of the Emini were just too attractive for professional traders to ignore. Nanex Resarch published some more data points based on CFTC data that was used in a Harvard research paper.
Between 17 September and 1 November there were:. You can read the full story here. Which Is The Best Emini Futures To Trade? So which Emini futures contract is the best to trade? The answer to this question depends on the futures broker you choose to trade through. Most traders, when they start out, want to know what is the minimum capital they need to start day trading.
The first thing you need is a futures brokerage account. Interactive Brokers are an excellent option. Having your brokerage account linked with your charting forex phil peso dollar provider is a very cost effective way to go. Both TradeStation and NinjaTraderthe leading charting platforms, now offer futures brokerage services.
The second thing you need is a charting platform and trading methodology. At this stage you might have funded your futures brokerage account and have some initial capital you want to trade. You should immediately place your profit target and stop loss orders — I use a 4 point target and introduction forex tutorial point stop.
Assuming you got the trend direction right, your profit target will be hit and you will make 4 points profit, less brokerage commissions. If your profit target got hit, make sure your stop loss order is cancelled. If your stop loss got hit, make sure your profit target order is cancelled. These comments apply to US tax residents and should NOT be considered tax advice. Remember to always consult a course on binary option brokers own tax professional or accountant.
You only pay the lower long term capital gains rate if you hold stocks for more than 1 year. Your actual tax rate for trading Emini futures will depend on your total income and resulting tax bracket.
In addition, Emini traders have a much easier time doing their taxes at year end. Stock traders have to report every single trade they make — Emini traders only have to report their net profits for the year. Your broker will send you an IRS form B at year end and you just transfer this one number IRC Section contracts to IRS form in your income tax return.
If you hold any futures position over the year end cut-off, your broker will automatically mark it to market and calculate the realized plus un-realized profits.
What Are Emini Futures? Why Trade Emini Futures?
This means that any trading losses you incur in this current year can be used to get a tax refund on taxes paid on profits made in a previous year.
The Emini futures symbol is ES and each Emini contract is denoted by ES chadstone boxing day trading hours 2012 a code for expiration month and year.
Here are the Emini futures symbols for Data providers join together or concatenate symbols from adjoining quarters so you can plot a long history of each contract. In TradeStation, the continuous Emini futures contract has a symbol of ES. Weekly trading of the Emini opens on Sunday at 5pm CST and closes on Friday at emini futures brokers Trading is almost 24 hours a call options on tsx index with a short break every day between 3: The greatest activity and volume traded obviously happens during the Day session.
However, data releases before the Day session open can often generate large activity, as can any important news out of Europe. Contract expiry is on the 3rd Friday of March, June, September and December. However, contract rollover — when the majority of trading moves to the next contract — is the far more important date.
Contract rollover is on the 2nd Thursday of March, June, September and December, unless the rollover month starts on a Friday, in which case it is on the 1st Thursday of the month. Forex futures traded on the CME Globex platform i.
If you happen to be holding an Emini futures position at settlement time, your trading account is credited any profit or debited any loss on that contract and your position closed out.
The Emini follows the normal stock market holidays. Here is the Emini futures holiday schedule for And you can always find the exact Open and Close times on the CME Group website here. Here is the Emini-Watch public calendar with important Emini trading dates:. The calendar can also be imported into other calendar applications using these links: Emini-Watch is all about Emini Trading and the 'Better' series of Trading Indicators. Emini futures are probably the best day trading vehicle in the world today and the 'Better' indicators are a very unique set of 3 non-correlated indicators that will give you a substantial edge day trading Join 9, traders who follow Emini-Watch.
What Are Emini Futures? Why Trade Emini Futures?
Input your email address below to get Emini trading updates by email:. Emini Futures Emini Trading Indicators Pricing Blog. What Are Emini Futures? Why Trade Emini Futures? Sunday 5 February Emini futures are probably the most important trading vehicle in the world.
Use the links below to jump to a particular section: Emini Futures vs Forex, Stocks and Options? How Big Is The Emini Futures Market? Who Trades Emini Futures? What Margin Is Required To Trade Emini Futures? How Do Emini Futures Work? How Are Emini Futures Taxed? What Is The Emini Futures Symbol? What Are Emini Futures Trading Hours? When Do Emini Futures Expire? Emini Futures Trading Calendar Update — 36, Amateur Emini Traders Nanex Resarch published some more data points based on CFTC data that was used in a Harvard research paper.
Between 17 September and 1 November there were: Thursday 15 June Well reasoned counter-view on Bitcoin Wednesday 14 June Latest video from Emini-Watch.