How to trade S&P 500 emini on IG

[RISCOTT]

Hello, I am new to IG platform but have trade S&P 500 emini's 10 yrs ago and am interested in trading it again - can someone tell me how I can trade emini's on IG ?

[Caseynotes]

5 hours ago, RISCOTT said:

Hello, I am new to IG platform but have trade S&P 500 emini's 10 yrs ago and am interested in trading it again - can someone tell me how I can trade emini's on IG ?

Hi, you can trade the S&P 500 with IG but on IG MT4  it's called the SPX 500, on their web based platform I think it's called something else eg US 500.

The emini is regarding the cdf contract size, once you have the chart up click on the small dropdown box arrow next to the chart name to see different contract sizes.

[Guest question]

i am considering depositing around 500.00 into the account 

Hypothetically how would i trade a CFD contract on these two examples or is there another instrument that i would use to enter these trades .

Example No 1 :  lets say I entered a sell order on the SP500 at 4469 and wanted to set my stop at 4489 which is risking 20 points ( how much would each point or tick = in risk )  is this dependent upon the size and number of contracts taken and what would be a guide as to how many contracts to take ( or cfd contracts ) to take on a 500.00 account which would be sensible and how much risk per point on one contract so if I get stopped out for an 18 point loss on one one contract what are the calculations thanks .