November 3rd, 2011 by Matt Vitiello
Things You Need To Know
*Note: For the purpose of this blog, I am using the dt Pro trading platform and the associated contract symbols and margins
Contract Symbols — Each futures and commodity contract has its own unique symbol. For example, the symbol for corn is ZC. If you were to see “ZCN1”, that would represent the July 2011 Corn futures contract. The “N” indicates the month of July and 1 represents the year 2011. The month and year will always be the last 2 parts of a futures contract.
Monthly Symbols — Each month in futures trading has its own unique symbol. These symbols are standard across the industry. The commodity month symbols may appear confusing, but there is reason for why these symbols were chosen. Letters that can be duplicated for an existing commodity symbol are not used (e.g. S for Soybeans, C for Corn, and etc.). They have also skipped letters that could be confused for numbers when you are looking at a “ticker tape” or the commodity symbols along the bottom of your TV screen.
Monthly Symbols
Contract Specifications —.............
All information on this website is for educational purposes only and is not intended to provide financial advise. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold MinKL Invest harmless in any and all ways.
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