Futures Terminology

Limit up / limit down

Exchange-imposed price limits; relevant to “price limit rule” discussions.

Also Known As

LULDexchange limits

Understanding Limit up / limit down 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.

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Liquidity

Related Futures Terms

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Futures contract

Agreement to buy/sell an asset at a future date/price on an exchange.

Tick size

Smallest price increment a futures contract can move.

Tick value

Dollar value of one tick move (varies by contract).

Point value

Dollar value of a full point move (common for index futures).

Micro futures

Smaller-sized futures contracts designed for lower margin/risk.

Mini futures

Standard “smaller than full-size” futures contract (e.g., E-mini indexes).

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