Hi all,

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Regards,

EK1

I have some general questions regarding ES which I have never traded before (please excuse what may be stupid questions!)

I am used to trading the Dow using YM but realise that to increase the number of contracts I trade it would be better to use ES as there is far more liquidity.

1. I understand the ES contracts are $50 per point compared to $5 per point on YM - is this correct?

2. The ES moves in quarter points so a 1 point move of 1291 to 1292 represents a profit/loss of $50 not 4 quarters x $50 = $200?

3. How many points does the ES move in comparison to the YM? For example the Dow rose 302 points on Friday and so did YM (approximately) - I am assuming ES didn't rise 302 points. I need this ratio to help me calculate how many ES contracts to trade.

4. Lastly, I will be charting ES to see how it moves but what are other people's experiences with ES - is it largely the same as YM or more/less volatile etc etc?

Edit ... 5. One thing I forgot to ask - is the margin requirement for ES the same as YM (using Interactive Brokers)

Many thanks in advance!

Please could you help me and other beginners by outlining your path to where you are today...Answer under these headings please if you don't mind...

How did you get into trading?

What good books did you read?

Where did you source your information about trading from?

Which courses did you attend?

Did you use a Mentor?

How was your first trade?

What do you prefer to trade and why? (Stocks, Options, Forex, Futures...?)

How long have you been trading?

Do you consider yourself successful?

What's the most important advice you would give a beginner?

Feel free to add in any other info after these questions...

Thank you for your time...