Skip to content
GetProfitable
Search
Dictionary

Euro FX futures (6E)

The CME contract on 125,000 euros quoted in US dollars per euro, the most liquid listed currency future.

6E tracks EUR/USD in the same direction and with the same quoting convention as spot, which makes it the easiest currency future for a spot FX trader to adopt. Tick size is 0.00005, worth $6.25, half the size of a standard spot pip.

A micro version, M6E, covers 12,500 euros at $1.25 per tick, which brings the contract within reach of small accounts and allows finer position sizing than the standard contract's roughly $135,000 of notional.

Example: long one 6E at 1.0820, out at 1.0895. That is 150 ticks of 0.00005 at $6.25, or $937.50, equivalently 75 pips x 125,000 x 0.0001 = $937.50.

Related: currency-futures, yen-futures, major-pairs, micro-futures, pip

See it drawn

Original diagrams for the ideas on this page. Illustrative, not real market data.

How a position size is worked outAccount size, risk per trade and stop distance feed into one box giving the number of shares.ACCOUNT SIZE$25,000your capitalRISK PER TRADE1%of the accountSTOP DISTANCE$0.50entry to stopPOSITION SIZE500 sharesrisk budget: $25,000 × 1% = $250position size: $250 ÷ $0.50 = 500 shares
Working out a position size. Three numbers decide how big a trade is: the account, the share of it put at risk, and the distance from entry to stop. One percent of $25,000 is a $250 budget, and a $0.50 stop divides into that 500 times.

Educational only, not advice. Spotted an error? Post in Site Feedback.