E-mini Questions

[donkeykong 10]

Hi,

I am new to trading futures. I got some questions.

 

1- when a broker says: "Emini Futures ONLY $3.00 per side." what does it mean?

I have to pay to go long or short. But if I close the position I have to pay the commission again?

 

2- How long does it take to process an order? I tried a demo and it seems that the order is instantaneous . Is the trade entered that quickly in a real account?

 

3- How long do i have to keep a trade open before I can close it?

 

Thank you.

[mohsinqureshii 10]

Hi,

I am new to trading futures. I got some questions.

 

1- when a broker says: "Emini Futures ONLY $3.00 per side." what does it mean?

I have to pay to go long or short. But if I close the position I have to pay the commission again?

 

2- How long does it take to process an order? I tried a demo and it seems that the order is instantaneous . Is the trade entered that quickly in a real account?

 

3- How long do i have to keep a trade open before I can close it?

 

Thank you.

 

Your answers

 

1- 3 $ per side means when you buy the broker will charge 3 $ and when you sell you will be charged 3 $ again. The round turn commission would be 6 $.

 

2 - You can enter and exit in the market within a minute. It depends how you wanted to trade - yes it will work as it does on demo accounts.

 

3 - There is no time frame to close the trade if you are having enough margin to hold the trade.

 

Happy Trading !!!

[donkeykong 10]

Your answers

 

 

3 - There is no time frame to close the trade if you are having enough margin to hold the trade.

 

 

So i can enter and exit a trade in less than a minute?

[Tradewinds 12]

1- when a broker says: "Emini Futures ONLY $3.00 per side." what does it mean?

I have to pay to go long or short. But if I close the position I have to pay the commission again?

 

My broker does not show all the fees they charge in the simulated account. Which is very aggravating. Depending upon the broker, they may list the fees broken down, or lump them together. There can be platform fees, data fees, trading fees, Exchange fees and taxes. Make sure you know what they all are.

 

2- How long does it take to process an order? I tried a demo and it seems that the order is instantaneous . Is the trade entered that quickly in a real account?

 

Depending upon the platform, demo trade fills may be realistic or not. My brokers platform is terrible when it comes to realistic fills in demo trading. If the demo instantly fills the order as soon as the price is touched (touch fills), that is the worst platform to practice on. It will cause you serious problems. The price should 'Trade Through' the order price for the order to fill. For example, you enter a BUY order, the price should go BELOW your order price, or the BID should go below your order price for the Buy order to fill.

 

3- How long do i have to keep a trade open before I can close it?

 

You can send an order to close it immediately.

[mohsinqureshii 10]

So i can enter and exit a trade in less than a minute?

 

yes you can open and close trades immediately . Whenever you want.