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Futures Contract Specifications

SymbolNameTick SizeTick ValuePoint Value
NQE-mini Nasdaq 1000.25 pts$5.00$20.00
MNQMicro Nasdaq 1000.25 pts$0.50$2.00
ESE-mini S&P 5000.25 pts$12.50$50.00
MESMicro S&P 5000.25 pts$1.25$5.00
YME-mini Dow1 pt$5.00$5.00
MYMMicro Dow1 pt$0.50$0.50
RTYE-mini Russell 20000.10 pts$5.00$50.00
M2KMicro Russell 20000.10 pts$0.50$5.00
GCGold Futures0.10 pts$10.00$100.00
CLCrude Oil0.01 pts$10.00$1,000.00

Frequently Asked Questions

What is the difference between NQ and MNQ?

The MNQ (Micro Nasdaq) is 1/10th the size of the NQ (E-mini Nasdaq). One point in the NQ is worth $20; in the MNQ it's $2. Micros are ideal for smaller accounts or testing strategies.

How do I calculate my risk in points?

Divide your dollar risk by the point value. For example: $100 risk on NQ ÷ $20/point = 5 points of stop loss room.

What is a tick vs a point?

A tick is the minimum price movement. A point is 1 full unit of price. For NQ, 1 point = 4 ticks (since the tick size is 0.25). Each tick is worth $5; each point is worth $20.