One point per contract

[boing]

What does this mean? Let's assume I have R10 000 which I want to trade alsi40 futures with and the dealing cost is 1 point per contract. In money terms, what does this translate to?

[john_1]

One contract cost R15000 trading cost is R10 per contract traded. 1 point = R10 so with one contracr a hundred point move makes you R1000

[#3]

not quite correct...one contract cost R 26 000 or whatever the index is X10...you trade on margin....gearing is 20 times or so....

[john_1]

Oh! Ready for a little USA induced rally?

[#5]

also not quite correct..but basically 1 contract exposes you to R 260 000....4 contracts to 1 million....not for the pussilanimous or dimwitted

[john_1]

Chartist are you long? them Yanks are gonna wake up pissed off, that europe has forced a gap down from the Cash market close.

[Samir]

JOhn, why are u going long? Doesnt look right to me.

[john_1]

Been long for a hundred points already and have taken some profits.

[john_1]

sold at 26025 now short

[john_1]

Should have stuck to my guns. Gave back a little with the short but am now back making money on the long side.