Dollar-ruble futures. Advantages and Disadvantages of Trading

Starting this article, I hope that you already know what futures are, and in particular currency futures fx. Let's look at currency contracts that are traded on the CME (Chicago Mercantile Exchange), since other exchanges have very small volumes compared to the CME, so there is no point in looking at other exchanges.

The most popular instruments among traders are currency futures for: euro, Japanese yen, British pound, Swiss franc, Australian, Canadian and New Zealand dollar, that is, all the major major pairs on Forex. This is due to the fact that they have the largest volumes on the CME exchange and the highest liquidity. Cross rates, mini (micro) contracts and emerging market currencies are not very popular due to very low liquidity.

Dollar futures DX

DX1 chart! provided by TradingView

The US Dollar Index (USDX, DXY, DX) is a currency futures of the US dollar, showing its average exchange price in a basket of foreign currencies, consisting of quotes for the following forex currency pairs:

• euro (EURUSD) = 57.6% in futures;
• Japanese yen (USDJPY) = 13.6%
• pound sterling (USDGBP) = 11.9%
• Canadian dollar (USDCAD) = 9.1%
• Swedish krona (USD SEK) = 4.2%
• Swiss franc (USDCHF) = 3.6%

The growth or fall of USDX is a strong signal for the formation of trends in all national currencies of the world, including USD RUB, EUR RUB, USD UAH, USD BYN, USD PLN, USD ZAR, USD ILS, USD GEL, USD TRY, AUD USD, USD MXN, USD NOK, USD CNY, USD THB, USD INR, USD CZK, etc.

For the Masterforex-V TS, it is important whether the movement is supported by volumes or not - see the red (bearish) and green (bullish) histogram bars at the bottom of this chart online.

Articles related to the US dollar: US dollar - American currency and US banknotes (bills), US Federal Reserve System.

Futures on micro contracts (e-micro)

If you wish to trade less than a full contract, then you should choose micro contracts. Their size is 10 times smaller than a full-fledged futures contract. Micro contracts are traded as a separate instrument. Due to their low popularity, their volumes and liquidity are low - this is worth taking into account.

• M6E - E-micro Euro FX (EUR/USD) Contract size: 12,500 eur;
• MJY - E-micro Japanese Yen (JPY/USD) Contract: 1,250,000 jpy;
• M6A - E-micro Australian Dollar (AUD/USD) Contract: 10,000 aud;
• M6B - E-micro British Pound (GBP/USD) Contract: 6,250 gbp;
• MCD - E-micro Canadian Dollar (CAD/USD) Contract: 10,000 cad;
• MSF - E-micro Swiss Franc (CHF/USD) Contract: 12,500 chf;
• MIR - E-micro Indian Rupee (INR/USD) Contract: 1,000,000 inr.

GBP 6B futures online chart

Articles related to the pound sterling: Pound sterling - UK currency and UK banknotes, Bank of England

Earning option

Many people are at a loss as to where to start trading. Stock quotes, bonds, futures contracts and much more - all this misleads a beginner. But if you have experience trading Forex or binary options, then futures will be the best choice for you.

Futures are futures contracts potentially designed for the delivery of commodities. Such goods are most often oil and metals. But modern exchanges are capable of selling both raw materials and products. So, for example, you may well buy a fixed-term contract for a transaction, say, in wheat or corn.

In the Russian Federation, the main platform for working with this type of transactions is FORTS - Futures and Options of the Russian Trading System, RTS. This is a branch of the Moscow Exchange, which is regulated by it, but at the same time, it is a separate trading platform focused specifically on futures transactions and operations for the purchase/sale of futures and options.

Swiss Franc 6S futures online chart

We warn you that the USDCHF chart shows inverse quotes than the 6S franc futures. Therefore, to strengthen the franc on the Forex market it is necessary

• growth of franc futures with support (green bars of the histogram);
• USDCHF decline with bearish volumes (red histogram bars)

Articles related to the Swiss franc: Swiss franc - Swiss currency and franc banknotes, Swiss National Bank

Contract expiration

You should always remember that futures are derivatives instruments with an expiration date. Some futures have monthly contracts, and some have quarterly (3 months). A trader must always know the expiration date of the contract he is working on and, when expiration approaches, have time to close positions on time, otherwise his transactions will be closed forcibly.

The major currency futures on the CME exchange have quarterly contracts. Expiration occurs every three months: March, June, September, December.

Yen 6J futures online chart

Be warned that the USDJPY chart shows inverse quotes than the 6J Yen futures. Therefore, to strengthen the yen in the Forex market it is necessary

• growth of yen futures with support (green bars of the histogram);
• USDJPY fall with bearish volumes (red histogram bars)

Yen Related Articles: Japanese Yen - Currency of Japan and Japanese Yen Banknotes, Bank of Japan

Online trading

The variations of trading on the Internet are very diverse. In addition to the already established methods of making a profit on Forex and binary options, working on the stock exchange is becoming increasingly popular, which is also becoming available to everyone.

Most often, work with exchange platforms is carried out through the Quik Internet terminal, as well as special systems of brokers that you prefer. In fact, you can start working on a real stock exchange from home quite quickly and without any problems.

• Choose a broker that provides an online terminal for independent trading. Also pay attention to whether it gives you access to the sites and assets that interest you. To find out, just write an email to the support service, call, or visit the office.
• After that, register with a broker. To do this, you must present a scanned copy of your documents or visit the office. Papers are signed for the provision of services, as well as for opening a depository account.
• Next, you get a terminal. It can be either online, that is, located on the broker’s website, or “cold,” that is, downloaded and installed on your personal computer. Afterwards you can start working.

Canadian dollar 6C futures online chart

Be warned that the USDCAD chart shows inverse quotes than the Canadian Dollar 6C futures. Therefore, to strengthen the Canadian dollar in the Forex market it is necessary

• growth of Canadian dollar futures with support (green histogram bars);
• USDCAD falling with bearish volumes (red histogram bars)

Canadian Dollar Related Articles: Canadian Dollar - Canadian Currency and Canadian Dollar Banknotes, Bank of Canada

Decoding futures codes

Explanation of months for futures contracts: F - January; G - February; H - March; J - April; K - May; M - June; N - July; Q - August; U - September; V - October; X - November; Z - December.

We will show the decoding of ticker codes using examples:

• 6AH9 – Australian dollar futures. 6A - futures code, H - expiration month, 9 - expiration year (2019).
• 6EM9 – Euro futures. 6E is the futures code, M is the expiration month, 9 is the expiration year (2019).
• M6EH9 - micro futures for euro. M6E is the futures code, H is the expiration month, 9 is the expiration year (2019).

New Zealand dollar 6N futures online chart

New Zealand Dollar Related Articles: New Zealand Dollar - New Zealand Currency and New Zealand Dollar Banknotes, Reserve Bank of New Zealand

Sincerely, wiki Masterforex-V, free (school) and professional training courses Masterforex-V.

Futures for major currencies

• 6E - Euro FX (EUR/USD) - Euro (contract size: 125,000 euro);
• 6J - Japanese Yen (JPY/USD) - Japanese yen (contract: 12,500,000 japanese yen);
• 6A - Australian Dollar (AUD/USD) - Australian dollar (contract: 100,000 Australian dollars);
• 6B - British Pound (GBP/USD) - British pound (contract size: 62,500 british pounds);
• 6C — Canadian Dollar (CAD/USD) — Canadian dollar (contract size: 100,000 canadian dollars);
• 6S - Swiss Franc (CHF/USD) - Swiss franc (contract: 125,000 swiss francs);
• 6N - New Zealand Dollar (NZD/USD) - New Zealand dollar (contract: 100,000 nzd).