The trading symbol for futures markets consists of the underlying, the expiration date, and the exchange.
For example, the Euro to US Dollar currency future that expires in December 2009 would have the symbol EUR-200912-GLOBEX (in Sierra Chart format). The contract specifications for futures markets include the minimum price change (known as the tick size), and the point value or multiplier, with which the value per minimum price change (tick) can be calculated. Continuing with the previous example, the tick size for the EUR is 0.0001, and the multiplier is $ 125000, so the value per tick is calculated as 0.0001 X $ 125000 = $ 12.50 per tick. This means that for every 0.0001 in price change, a trade’s profit or loss would change by $ 12.50.
Dr Barry Burns trades the futures markets using ticks charts
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