Date the futures contract stops trading / expires.
Understanding Expiration is crucial for success in passing a prop firm evaluation and maintaining a funded account. Different firms may have slightly different rules or implementations for this concept. Always check the specific firm's rules before trading.
Agreement to buy/sell an asset at a future date/price on an exchange.
Smallest price increment a futures contract can move.
Dollar value of one tick move (varies by contract).
Dollar value of a full point move (common for index futures).
Smaller-sized futures contracts designed for lower margin/risk.
Standard “smaller than full-size” futures contract (e.g., E-mini indexes).
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