What is the equivent of one Tick in the S&P500

to pips in the forex market, namemly gbp/usd and or gbp/jpy.

I need this to understand stops a little better according to an author Im reading.

Thank you
Indo Fear

One tick in the S&P eMini = 0.25 point (worth $12.50)
One tick in the S&P large = 0.1 point (worth $25)

The big SP500 is $250 / point, and I think there are 10 ticks. Margin ? (maybe $25000)
The e-mini ES is $50 / point, 4 ticks at $12.50 each. Margin about $5600 overnite, day-time half of that at most brokers, some give $500 and some less.
More info on CMEGroup website.

thank you or the replies.

Wow one emini tick is a big stop

where as a 3 pip stop can be alot less


Im surprized cause sometimes in the emini when volitility is extreme u may need a 2 point stop; thats alot o money.


forex seems so much better, free data feed etc..

but my author says they're usually more sound trades in the S&P500 market (20 avg a day) compared to say forex.

But when I look at his method and I look at the price action I think to myself no way. There's many pullbacks in the main trend to justify entries along the way and to swing part of your position.
I'll just have to trade during the gravy shit for the london session, but still.

12.50 cents for a one tick stop thats alot of money

IndoFear

In my experience, SP500 is excellent for swing/position trading (as stocks tend to be). The trend in the SP500 can turn quickly, however, once it is in, there are very few retracements if any. Forex on the other hand is full of retracements and this is probably due to the large number of global factors/events that shape the daily/weeklys.

I find it very difficult to hold a forex position for more than a week. Sure, forex can trend, but it simply retraces too much to establish a position.

$12.50 is a full lot - like $10.00 for a fx euro.
You can find foreign brokers that offers minis, ex: BroCo has nearly all the futures, 1 tick = $1.25 for a mini, but there is a $1.00 commission. Still worth considering.
ps: I asume you are thinking day trading - therefore scalping. You need a 1-minute chart, or better a tick chart.

You mentioned the London session. For comparison look at the German DAX (FDAX on BroCo). After you watch that for a while the S&P will seem a lot tamer. ;=)