You guys are seasoned traders of the S&P500 so i thought you may be able to help me with a few things... Through spreadbetting the S&P500 + FTSE100 i'm made enough cash that i'm ready to trade these markets direct through interactivebrokers.co.uk for the better spreads i will recieve because i think i could implement my scalping strategies more effectively.
I have all the details on the S&P500 (E-Mini S&P) but i cannot seem to find much on the FTSE100 futures markets and i can't find the ticker on IB's platform... Anyone know what it is?
Furthermore, in regards to contract size, what is recommendable size, for example how many $k per contract traded is normal/average...
What is the actual calculator for how much per point is one contract (I come from a Spreadbetting platform) so contract sizing quite confuses me, from my understanding one E-mini S&P500 contract is about £6 per point ? How is this calculated?
Is there any extra charges i should be aware of by holding positions overnight on the futures contracts ?
Does the FTSE100 have a E-mini market?
Finally, what is the main difference between the E-mini S&P500 and the S&P500 ?
Sorry for all the questions, just need to get all this straight in my head before i move over.
Thanks x