TR A D E R S

SUR V I VA L
G U I D E
VOL . 1
TABLE OF CONTENTS I.
top 5 things about trading the s&p 500 e-mini futures 03
Who Invests in The S&P 500? 04
Brief History of The S&P 500 04
The Approximate Average Annual Return of The S&P 500 04
The E-mini a.k.a. ES 04
Example of an ES Contract 05
TOP 5 THINGS 05
1 - Keep an Eye on the Liquidity & Volatility Levels 05
2 - The E-Mini Can Be a Subject to Speculative Tradings 06
3 - The E-Mini and the Main Factors That Affect It 06
4 - The E-Mini Is Suitable for All Types of Trading Strategies 07
5 - Trading E-Mini Is Transparent and Secure 07

Top 8 things you shoud know about gold futures 09

Gold Facts 10
TOP 8 THINGS 11
1 - Understanding Gold Futures Contracts 11
2 - What Factors Drive the Price of Gold in the Futures Market? 12
3 - Exchanges Where Gold Futures Are Traded 13
4 - Contract Specifications and Trading Gold Futures 14
5 - Breaking Down Tick Movements in a Gold Futures Market 15
6 - Entering the Gold Futures Market 16
7 - Advantages and Risks of Gold Futures Trading 16
8 - Trading Tips for the Savvy Gold Futures Trader 17
TABLE OF CONTENTS II.
5 Differences Between Trading the S&P 500 E-Mini & the 19
Micro E-Mini Futures
S&P 500 Comparison 20
S&P 500 E-Mini Futures Contract Specifications 21
S&P 500 Micro E-mini Futures 22
S&P 500 Micro E-Mini Futures Contract Specifications 22
Example of a MES contract 22
S&P 500 E-MINI VS. THE MICRO E-MINI 23
1 - Tick Size 23
2 - Cost to Trade 23
3 - Who it's for 24
4 - Contract Size 24
5 - Trade Volume 25
THE
WHO INVESTS IN THE S&P 500?

Internation Market Makers Investment Banks Individual Traders

BRIEF HISTORY OF THE S&P 500

1923 1926 1957 1982 1997

“The composite Initial release with 90 The expansion to 500 On August 12, the The introduction of
index” is designed. companies included. stocks and the birth index closed at S&P 500 E-mini
of the S&P 500. 102.42. Futures (ES).

THE APPROXIMATE AVERAGE ANNUAL RETURN OF THE S&P 500

10%
Since 1926
8%
Since 1957
258%
Between 2009-2019

THE E-MINI A.K.A. ES

Electronically-traded Represents 20% of the value The average daily trading volume
futures contract of the standard S&P 500 is between $100 and $200 billion

4
EXAMPLE OF AN ES CONTRACT FROM THE CME:

Product symbol ES

Contract size $50 x S&P 500 Index

Min. tick 0.25 Index points

$/Tick $12.50 USD

Trading hours Sunday - Friday 5:00 PM - 4:00 PM CT

with a trading halt from 3:15 PM - 3:30 PM
CT;

Daily Maintenance period:

Monday - Thursday 4:00 p.m. - 5:00 p.m.

Contract months Nearest five months in the quarterly

cycle (March, June, September,
December)

Options available Quarterly, Monthly, Weekly

(Monday, Wednesday, Friday)
Data Source: CME

KEEP AN
EYE ON THE
LIQUIDITY &
VOLATILITY
LEVELS

When markets are more volatile the liquidity Once markets get calmer, liquidity gets back
levels drop. to normal.

5
 THE E-MINI
? CAN BE A
SUBJECT TO
SPECULATIVE
TRADINGS

The trader replaced or modified his bets more than 19 000

times before cancelling them.

This Flash Crash lasted for just 15 minutes.

It lead to a massive 9% drop in the prices.

In 2010 a single seller sold More than $1 trillion in market value disappeared.
more than 75 000 E-mini
contracts.

THE E-MINI
AND THE
MAIN FACTORS
THAT
AFFECT IT

THE S&P 500 CONSISTS OF COMPANIES IN A VARIETY OF SECTORS

WITH THE FOLLOWING APPROXIMATE ALLOCATION*:

3.1% 5% 9.4% 10.2% 14.2%

Real Estate Energy Industrials Consumer discretionary Health care

2.7% 3.3% 7.3% 10.2% 13.1% 21.5%

Materials Utilities Consumer staples Communication services Financials Informational technology
* Source: https://us.spindices.com/indices/equity/sp-500

6
FACTORS THAT YOU SHOULD BE AWARE OF IF YOU WANT SUCCEED IN
E-MINI TRADING

Global economic relations Federal Reserve policies Political developments

THE E-MINI IS
SUITABLE FOR
ALL TYPES OF
TRADING Capturing price Long-term Trend Swing
STRATEGIES moments holding following trading

TRADING
E-MINI IS
$ TRANSPARENT
AND
$

$
SECURE
$

For Beginners For professionals

Easy to begin with Volatile

Affordable Efficient

Competitive Trading on leverage

Want
THEto learn even
GAUNTLET more?
MINI™ BECOME A
read
Provethe fullGet
Your Skills article
an Offer PROFESSIONAL TRADER

https://blog.earn2trade.com/sp-500-e-mini-contracts/

7
 THE GAUNTLET MINI™
INTRADAY EXAMINATION WITH STRICT RISK MANAGEMENT

CHOOSE ACCOUNT SIZE TRADE AT LEAST 15 DAYS GET FUNDED

Begin your examination with Complete the examination in as little Pursue the career you’ve
$25,000, $50,000, $100,000 or as 15 days, or as long as you need. always wanted.
$150,000 in starting capital.

WHAT IS THE GAUNTLET MINI™?

The Gauntlet Mini™ is an intraday futures trading exam that
guarantees a funding offer for a live trading account by our trading
partner on successful completion.

Our goal is to offer an opportunity for futures traders who have the
skill, but lack the capital to become professional traders by
bringing them together with a proprietary trading firm.

The Gauntlet Mini™ evaluates your trading performance using a

set of rules you follow until you’ve traded on at least 15 days and
reached the profit target specified by your account size.

These rules include some limits on your daily and total losses,
number of contracts and events traded, but do not include a time
limit.

The Gauntlet Mini™ works on a paid subscription basis and the

examination lasts until you meet your target without breaking the
rules or until you cancel your plan.

BECOME A PROFESSIONAL TRADER

https://www.earn2trade.com/gauntlet-mini
GOLD FACTS
Before we get into the nitty-gritty of trading gold, it is important to have at least a general idea of why it is so
appealing as an investment vehicle:

One of the most Popular

assets in the world

The United States is the Safe haven against

fourth top producer of gold financial uncertainty

Antarctica is the only A highly valued

continent where gold It’s a noble metal, commodity
is not mined meaning it is relatively
resistant

The purity of gold Gold alloys

We have variations like 18-karat gold (75% pure
gold), 14-karat gold (around 58.5% pure gold),
Gold
999 and 10-karat gold (around 41.7% pure gold)

Gold
Gold 999
999
Gold Alloying base metals
Gold 999
999 Gold
999

Measured using the Karat. In its purest form,

gold is 24 karats.

Over the years, this purity has been diluted

with other metals like silver, platinum,
palladium, zinc, nickel, iron, and copper Impurity

The rest includes alloying base metals and

any impurities.

10
 Gold
UNDERSTANDING 999

GOLD
FUTURES
CONTRACTS

Whether you buy or sell the gold depends on the kind of position you choose to take: long (buy) or short (sell).
The important thing to understand is that you are taking a good look at the gold market and making a decision
based on expected price movements. You take a long position if you expect the price of gold to go up and take
a short position if you expect the price to fall.

let’s sayLet’s
you say in That
five months
means you made let’sa say
profit
you of Let’s say in five months That means you made a profit of
decide to when
buy 100
you take
$500delivery
from yourdecide
long toposition
buy 100at when you take delivery $500 from your long position at
grams ofof gold
the gold, current
the pricerates,grams
whichof is gold
a 10% of the gold, the price current rates, which is a 10%
at an agreed
has risen to
5-month
$55 perreturn
gram. onat your
an agreed
initial $5,000. has risen to $55 per gram. 5-month return on your initial $5,000.
price of $5,000, price of $5,000,
with the delivery with the delivery
scheduled for scheduled for
five months five months
from now. from now.

’re the one selling… this time you’re the one selling…

roaches you and wants to An investor approaches you and wants to

of gold at $5,000 for buy 100 grams of gold at $5,000 for
onths’ time. Let’s say when delivery in five months’ time. Let’s say when
to deliver, the price per the time comes to deliver, the price per
n to $45. That means you gram has fallen to $45. That means you
of $500 by locking in the made a profit of $500 by locking in the
r gram five months ago. $50 price at $50 per gram five months ago.

11
 WHAT FACTORS
DRIVE THE PRICE
OF GOLD IN THE
FUTURES
MARKET?
The price of gold fluctuates every day, but the starting point is typically coordinated through the London
Bullion Market Association (LBMA) and usually referred to as the London Fix.

At 10:30 AM & 3:00 PM (London time) Then... After that...

a consortium of large financial organizations …this is used as a benchmark for the …it’s a matter of market forces coming
that deal in major bullion purchases and sales initial pricing of gold products and into play and causing the price of gold
set the starting trading price for the day. derivatives across all the markets. to go up or down throughout the day.

OTHER FACTORS INFLUENCING THE PRICE OF GOLD INCLUDE:

Central banks typically hold both paper currencies and gold in reserves and as they diversify these reserves in
favor of gold, the price of gold will usually rise.

250

200

150

100

50

0 Tons
2013 2014 2015 2016 2017 2018
First-quarter Purchases Central Bank Gold Purchases

Central Banks are the biggest buyers of gold in the last 7 years. Data Source: Bloomberg

Worldwide supply and demand figures from 2018-2021 and gold spot prices from 2019-2021 represent
forecasted numbers. Historic and forecasted global supply and demand for gold.

6000 $1,800
$1,400
4000
$1,000
2000
$600
0 $200
2008 2010 2012 2014 2016 2018F 2020F
2007 2009 2011 2013 2015 2017 2019F 2021F

Supply (Metric Tons) Supply/Demand Imbalance Demand (Metric Tons) Gold Spot Price (Per Ounce)

Source: Precious metals outlook, Goldletter International: Gold Market Outlook, Indexmundi, World Bank, Global X Research.

12
 EXCHANGES
WHERE
GOLD
FUTURES
ARE TRADED
A futures exchange standardizes the terms of the contracts, clearly stipulating the quantity, quality,
settlement time, and place of delivery, but the price remains variable. It also matches bid prices from buyers
with ask prices from sellers and then oversees the creation of the futures contract when both parties reach an
agreement.

COMEX/NYMEX - New York

London Metal Exchange

Multi-Commodity Exchange - Mumbai

Tokyo Commodity Exchange

Some of the most popular options in the world for trading gold futures:

13
 79 CONTRACT
SPECIFICATIONS
AND
TRADING
GOLD FUTURES

The COMEX officially began trading gold futures contracts in 1974, making it one of the oldest exchanges for
this particular asset, as well as the largest. Let’s take a look at their contract specifications for gold futures:

SPECS FOR STANDARD GOLD CONTRACTS

Product Symbol GC

Contract Size 100 troy ounces

Price Movement Minimum of $0.10 per troy ounce

Price Quotation USD dollars and cents per troy ounce

Settlement Method Physical delivery

Trading Hours CME Globex: Sunday - Friday 6:00 PM. - 5:00 PM (5:00 PM. - 4:00 PM /
Chicago Time) with a 60-minute break each day beginning at 5:00 PM. (4:00
PM Chicago Time)

CME ClearPort: Sunday - Friday 6:00 PM - 5:00 PM (5:00 PM - 4:00 PM. /

Chicago Time) with a 60-minute break each day beginning at 5:00 PM (4:00
PM Chicago Time)

Trading Months Monthly contracts listed for three consecutive months and any February,
April, August, and October in the nearest 23 months and any June and
December in the nearest 72 months.

Delivery Period Delivery may take place on any business day beginning on the first business
day of the delivery month or any subsequent business day of the delivery
month, but not later than the last business day of the current delivery month.

Termination of 12:30 PM Chicago Time on the third last business day of the delivery month.
Trading
Data Source: CME

The contract specifications for the micro and E-mini contracts are quite similar except that the contract sizes
are 10 ounces and 50 ounces respectively. The minimum price fluctuation for the E-mini gold futures contract
is also different with a value of $0.25 per troy ounce. Minimum price fluctuation for micro gold is also 0.10 per
troy ounce, same as the standard.

14
Since gold is traded in dollars and cents per ounce, then an investor taking a long position at a price of
$1,500 per ounce has a futures contract worth $150,000 ($1,500 x 100 ounces).

If the investor sells at

$1,510, then
he makes a profit of $1,000.
$1,510 - $1,500 = $10; $10 x 100 ounces
= $1,000

If the investor sells at

$1,490, then
he loses the same amount: $1,000.
$1,500 - $1,490 = -$10; -$10 x 100 ounces
= -$1,000

BREAKING DOWN
TICK MOVEMENTS ?
IN A GOLD
FUTURES
MARKET

For the standard gold futures contract, the The same principle applies whether you’re
minimum price movement is pegged at trading an E-mini or micro gold futures
$0.10 x 100 ounces = $10 contract.

This movement is called a tick Tick movement is pegged at $12.5

It determines how much profit or loss is
made
If you entered the market and the price
moves 12 ticks above or below your entry
price, your profit or loss amounts to $120
($10 x 12 ticks = $120).
($0.25 x 50 ounces)
If you entered the market and the price
moves 12 ticks above or below your entry
price, your profit or loss amounts to $120
($12.5 x 12 ticks = $150).

15
 ENTERING
THE
GOLD
FUTURES
MARKET

Dealing gold futures means finding a good futures broker. This organization is usually a member of the futures
exchange you’ve chosen to trade on and will essentially manage your relationship with the futures market.

YOU’LL NEED A MINIMUM AMOUNT IN YOUR TRADING ACCOUNT TO

ENTER THE MARKET

This covers the cost of the futures contract...

…also the cost for potential losses, which is called the intra-day margin

ADVANTAGES
AND RISKS
OF GOLD
FUTURES
TRADING
Obviously there are other ways to dabble in the gold market, like gold options, gold ETFs and even just buying
gold bullion and storing it safely in your vault. So what’s the big deal with gold futures anyway?

16
 Advantages Risks

You don't need to worry about The gold futures market does
physical storage in a gold experience its fair share of
futures market. volatility. Therefore, you’ll need
to be prepared for unfavorable
Gold futures allow traders to price movements.
enter the gold market even
with lower capital. Financial leverage has often
been described as a double-
It’s easy to track the value of a edged sword; while it is
futures contract since you only possible to make significant
need to follow along with the gains, it’s also possible to
price listed on the exchange. make considerable losses.
This is especially true if prices
You can use gold futures crash from the time of signing
contracts to diversify your the agreement to the time of
portfolio and as a hedge taking delivery.
against inflation and other
forms of economic downturns.

TRADING TIPS
FOR THE
SAVVY GOLD
FUTURES
TRADER
Obviously you shouldn’t take this as explicit trading advice, but rather a selection of handy tips that successful
traders have used to profit from the futures market.

Au
B
79

Have a detailed fundamental Consider all the factors that Keep an eye on the market
analysis of the market can influence the price of gold movements of the digital
gold - bitcoin

Want
THEto learn even
GAUNTLET more?
MINI™ BECOME A
read
Provethe fullGet
Your Skills article
an Offer PROFESSIONAL TRADER

https://blog.earn2trade.com/trading-gold-futures/

17
 THE GAUNTLET MINI™
INTRADAY EXAMINATION WITH STRICT RISK MANAGEMENT

CHOOSE ACCOUNT SIZE TRADE AT LEAST 15 DAYS GET FUNDED

Begin your examination with Complete the examination in as little Pursue the career you’ve
$25,000, $50,000, $100,000 or as 15 days, or as long as you need. always wanted.
$150,000 in starting capital.

WHAT IS THE GAUNTLET MINI™?

The Gauntlet Mini™ is an intraday futures trading exam that guarantees a funding offer for a live trading
account by our trading partner on successful completion.

Our goal is to offer an opportunity for futures traders who have the skill, but lack the capital to become
professional traders by bringing them together with a proprietary trading firm.

The Gauntlet Mini™ evaluates your trading performance using a set of rules you follow until you’ve traded on
at least 15 days and reached the profit target specified by your account size.

These rules include some limits on your daily and total losses, number of contracts and events traded, but do
not include a time limit.

The Gauntlet Mini™ works on a paid subscription basis and the examination lasts until you meet your target
without breaking the rules or until you cancel your plan.

BECOME A PROFESSIONAL TRADER

https://www.earn2trade.com/gauntlet-mini
ME
S
S&P 500 COMPARISON

Investors looking for new market alternatives may want to consider the advantages of thinking small. Trading
the E-mini S&P 500 futures has continued to grow in popularity in recent years rather than its big brother, the
S&P 500 futures contract. Then there are also the Micro E-mini futures, which are a miniaturized version of
the E-mini contract. But what do these futures contracts entail and how are they different from each other?

Micro E-mini E-mini Full-Size

Point Value (i.e. 2905 to 2906) .25 Point .25 Point .10 Point

Minimum Price Change $5.00 $50.00 $250

Tick Value $1.25 $12.50 $25

Exchange Fees $0.20 $1.18 $2.40

Contract Months, Index, Same Same Same

Settlement Dates & Prices

S&P 500 Futures S&P 500 E-mini Futures

Market Background

It’s a type of derivative contract that S&P futures contracts were such a
provides investors with an investment phenomenal success that the value of the
based on the expectation of the S&P 500 existing S&P contract eventually became too
Index’s future value large for retail traders to get into…

It’s common among stock portfolio …which led to the introduction of the S&P
managers looking to hedge risk over a given 500 E-mini futures contract by the CME in
time frame 1997

They can short these contracts to protect At a value of 1/5th that of the full-sized
their portfolios from the downside price risk contract and required 1/5th the margin to
of the broader market trade

The S&P 500 traded electronically, meaning The same conditions apply to the E-mini
you can trade them almost 24 hours a day about trading hours

20
S&P 500 E-MINI FUTURES CONTRACT SPECIFICATIONS

Because E-minis offer electronic trading, low margin rates, and are generally more affordable, they have been
very successful, especially among retail traders. And with this success, the CME and other exchanges have
gone on to launch more E-mini futures contracts over the next 10 years.

Product Symbol CME Globex: ES

CME ClearPort: ES
Clearing: ES

Contract size $50 x S&P 500 Index

Minimum Price Outright: 0.25 index points = $12.50

Fluctuation Calendar Spread: 0.05 index points = $2.50
BTIC: 0.05 index points = $2.50
TACO (ESQ): 0.05 index points = $2.50

CME Globex: Sunday - Friday 6:00 p.m. - 5:00 p.m. Eastern Time (ET) with
Trading Months
trading halt 4:15 p.m. - 4:30 p.m.

BTIC: Sunday - Friday 6:00 p.m. - 4:00 p.m. ET

Clearport: Sunday - Friday 6:00 p.m. - 5:00 p.m. ET

TACO on CME Globex: Sunday - Friday 6:00 p.m. - 9:30 a.m. ET. Monday -
Thursday 11:00 a.m. - 5:00 p.m. ET; no 11:00 a.m.- 5:00 p.m. ET session on
Friday. Monday - Thursday 5:00 p.m. - 6:00 p.m. ET daily maintenance
period.

TACO on Clearport: Sunday 6:00 p.m. - Monday 9:30 a.m. ET. Monday -
Thursday 11:00 a.m. - 5:00 p.m. ET and 6:00 p.m. - 9:30 a.m. ET. Friday
11:00 a.m. - 5:00 p.m. ET. Monday - Thursday 5:00 p.m. - 6:00 p.m. ET daily
maintenance period.

Settlement Method Financially Settled

Listed Contracts Quarterly contracts (Mar, Jun, Sep, Dec) listed for 5 consecutive quarters

Termination of Trading Trading terminates at 9:30 a.m. ET on the 3rd Friday of the contract month

BTIC trading terminates at 4:00 p.m. ET on the Thursday before the 3rd
Friday of the contract month

TACO trading terminates at 9:30 a.m. ET on Thursday before the 3rd Friday
of the contract month
Data Source: CME

21
S&P 500 MICRO E-MINI FUTURES

The introduction of the E-mini futures contract was a game-changer in that regard. However, the Micro E-mini
futures takes it even further by offering traders a chance to trade via an even smaller contract.

1/10 th 3,000

2,500
the size of E-mini
2,000

May 6, 2019 1,500

officially commenced 1,000

500

417,000 0
1997 2003 2009 2015
traded contracts 2000 2006 2012 2018

barely a month later The S&P 500 Price Chart shows massive growth from 1997 to 2019 | Source: CME

S&P 500 MICRO E-MINI FUTURES CONTRACT SPECIFICATIONS

Product Symbol CME Globex: MES

CME ClearPort: MES
Clearing: MES

Contract size $5 x S&P 500 Index

Minimum Price Outright: 0.25 index points = $1.25

Fluctuation Calendar Spread: 0.05 index points = $0.25

Trading Months CME Globex: Sunday - Friday 6:00 p.m. - 5:00 p.m. Eastern Time (ET) with
trading halt 4:15 p.m. - 4:30 p.m.

CME ClearPort: Sunday - Friday 6:00 p.m. - 5:00 p.m. ET

Settlement Method Financially Settled

Listed Contracts Quarterly contracts (Mar, Jun, Sep, Dec) listed for 5 consecutive quarters.

Termination of Trading Trading terminates at 9:30 a.m. ET on the 3rd Friday of the contract month.
Data Source: CME

22
 TICK
SIZE
A tick refers to the measurement of the upward or downward movement in the price of a contract. It is used to
determine the profit or loss made on a particular trade. It is measured based on its movements from the
original purchase price.

S&P 500 E-mini Contract S&P 500 Micro E-mini contract

A one-point movement is worth $50 A one-point movement is worth only $5

The tick is measured at 0.25 index points The tick is measured at 0.25 index points

One tick movement in the E-mini futures One tick movement in the E-mini futures
contract, is worth $12.50 ($50 x 0.25) contract, is worth $1.25 ($5 x 0.25)

Therefore,
a one-point moveme Let’s say you open
Micro E-mini The S&Pnt500 Micro
Th
a erefore,
in th
da yE-mini
tr ad ing po sit io a
n Let’s say you open
ontract is e E-mini contfutures
ract is contract on
at e-point movement a
worth $50. essentially the same an iniistial margin depo day trading positio
e same as the as the in sit
the E-mini contract n at
of $4500 to trade is an initial margin depo
t, except its Whereas, E-mini contract, except its wo
a rth $50. sit
single E-mini contra of $4500 to trade
size. a one-point moveme 1/10th size. ct.
Wh a
nt ereas, single E-mini contra
ct.
COST in the Micro E-mini
contract will equa
a
FOR the Micro E-mini, one-point movement
yo in the Micro E-mini
TO 1/10th of that $50,
l u’ll only need 1/10t
co h
of $4500, which eq ntract will equal
FOR the Micro E-mini,
you’ll only need 1/1
TRADE which is $5. ua ls
to $450 per contra1/10th of that $50,
ct. of $4500, which eq
0th
uals
wh ich is $5. to $450 per contra
To trade either E-mini or ct.
Micro E-mini futures, a
trader must first put up a
margin deposit for each
contract traded. The
trader must also maintain
an ongoing margin to
cushion any losses
sustained on each trade.

23
 WHO
IT'S
FOR
Anyone who knows what they’re doing can enter the S&P 500 futures market and come out with some pretty
good gains. Unfortunately, the capital required to take up positions is often a huge barrier. So it essentially
boils down to how much you are able and willing to put up.

Anyone with enough capital can trade Investors usually work with huge sums of
though due to lower risk exposure novice capital and prefer regular or the E-mini
traders should start with micro or E-mini
contracts

MES ME
CONTRACT S

SIZE
The contract size for futures refers to the value of the contract based on the price of the underlying futures
contract times a contract-specific multiplier.

The contract-specific multiplier of the E-mini S&P 500 is $50

To get the contract size, it needs to be multiplied by the S&P 500 Index price

If the S&P 500 is trading at 2,600, the value of the contract is $50 x 2,600 = $130,000

For the Micro E-mini, however, the contract size is smaller because the contract-specific multiplier
is $5

Therefore, the contract size is $5 x 2,600, which equals $13,000

24
 TRADE
VOLUME
Micro E-mini futures hit the ground running with its impressive start of exceeding one million contracts traded
within the first three days of trading. The volume has since cooled and is now trading under 500,000 contracts
per day. Still, Micro E-mini futures contracts are tapping directly into the growing segment of retail traders so
it’s only a matter of time before they record trade volumes in the millions again.

Supply (Metric Tons) Supply/Demand Imbalance

4,000,000
1,200,000

1,000,000

800,000

600,000
2,000,000
400,000

200,000

0
May 5th May 6th May 7th May 8th Dec 25 Jan 1 Jan 20

Micro E-mini futures exceeded one million contracts within the first E-mini S&P 500 Futures have also been enjoying some pretty
three days of trading, but since then decreased to under 500,000 good trade volumes, but how will they fare in 2020 with the
contracts per day. Micro E-mini’s growing popularity?

FORCES AFFECTING THE E-MINI AND MICRO E-MINI S&P 500 FUTURES
MARKETS
Because E-minis offer electronic trading, low margin rates, and are generally more affordable, they have been
very successful, especially among retail traders. And with this success, the CME and other exchanges have
gone on to launch more E-mini futures contracts over the next 10 years.

Since the S&P 500 futures market is a derivative market of the S&P 500 index, any factor influencing
the movement of the index will also influence the futures market

These include global events that directly affect S&P 500 companies, economic and political stability
in the United States, and major economic reports in other nations

Timing is also crucial. For instance, most financial or economic data and reports from European
markets are usually announced between 3 AM and 4 AM CST and can often have an impact on the
E-mini and Micro E-mini futures markets in the States

Want
THEto learn even
GAUNTLET more?
MINI™ BECOME A
read
Provethe fullGet
Your Skills article
an Offer PROFESSIONAL TRADER

https://blog.earn2trade.com/differences-between-sp-500-and-e-mini-futures/

25
 THE GAUNTLET MINI™
INTRADAY EXAMINATION WITH STRICT RISK MANAGEMENT

CHOOSE ACCOUNT SIZE TRADE AT LEAST 15 DAYS GET FUNDED

Begin your examination with Complete the examination in as little Pursue the career you’ve
$25,000, $50,000, $100,000 or as 15 days, or as long as you need. always wanted.
$150,000 in starting capital.

WHAT IS THE GAUNTLET MINI™?

The Gauntlet Mini™ is an intraday futures trading exam that
guarantees a funding offer for a live trading account by our trading
partner on successful completion.

Our goal is to offer an opportunity for futures traders who have the
skill, but lack the capital to become professional traders by
bringing them together with a proprietary trading firm.

The Gauntlet Mini™ evaluates your trading performance using a set

of rules you follow until you’ve traded on at least 15 days and
reached the profit target specified by your account size.

These rules include some limits on your daily and total losses,
number of contracts and events traded, but do not include a time
limit.

The Gauntlet Mini™ works on a paid subscription basis and the

examination lasts until you meet your target without breaking the
rules or until you cancel your plan.

BECOME A PROFESSIONAL TRADER

https://www.earn2trade.com/gauntlet-mini