Forex Specifications

Forex Contracts (full-sized)
Currency Pair Description (Base currency / Quote currency) Sample Quote Explanation Contract Size Contract Value in $US Minimum Margin in $US
BidAsk
AUD/USDAustralian Dollar / United States Dollar 0.71190.7124 One Australian dollar costs 0.7124 (ask) US dollars 100,000 AUD $71K $712
EUR/GBPEuro / Great Britain Pound 0.67890.6792 One Euro costs 0.6792 (ask) Great Britain pounds 100,000 EUR $123K $1,229
EUR/USDEuro / United States Dollar 1.22831.2289 One Euro costs 1.2289 (ask) US dollars. This contract is similar to the EC commodity futures contract. 100,000 EUR $123K $1,229
GBP/USDGreat Britain Pound / United States Dollar 1.80411.8046 One Great Britain pound costs 1.8046 (ask) US dollars 100,000 GBP $180K $1,805
NZD/USDNew Zealand Dollar / United States Dollar 0.66570.6663 One New Zealand dollar costs 0.6663 (ask) US dollars 100,000 NZD $67K $666
USD/CADUnited States Dollar / Canadian Dollar 1.27191.2727 One US dollar costs 1.2727 (ask) Canadian dollars 100,000 USD $100K $1,000
USD/CHFUnited States Dollar / Swiss Franc 1.26061.2611 One US dollar costs 1.2611 (ask) Swiss Francs. This contract is similar to an inverse of the JY commodity futures contract. 100,000 USD $100K $1,000
USD/JPYUnited States Dollar / Japanese Yen 111.30111.34 One US dollar costs 111.34 (ask) Japanese Yen. This contract is similar to an inverse of the JY commodity futures contract. 100,000 USD $100K $1,000
Notes:
1. Mini contracts are 1/10 the size of full contracts.
2. Minimum margin is 1% of contract value.
3. Leverage is the ratio of contract value to account size.
4. Our conservative account size for Forex contracts is 10* minimum margin, which will produce a leverage of 10x. This is about the same as our 5*Margin conservative account size for currency futures contracts (such as EC, JY, and SF) will produce.
5. Real-time Forex quotes can be obtained from many websites, such as Forex-Markets.com (which has a slow pop-up ad).
6. Conversion rates are for 2004-Sep/Oct.

Last updated 2006-Apr-13

Caution: Commodity trading involves substantial risk of LOSS, and is not appropriate for everyone. Past performance is not necessarily indicative of future results. Do not trade with funds you can not afford to LOSE!!
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