Mexican Peso Futures Trading Defined and Explained
Mexican Peso futures traders can manage the risks associated with currency rate fluctuation and take advantage of profit opportunities stemming from changes in Mexican Peso rates.
According to the Chicago Mercantile Exchange, one of the leading emerging markets is Mexico, where investment interest has soared during the last several years and Mexican equities are now some of the most actively sought in the world. The sometimes turbulent nature of the Mexican market has created opportunities for both hedgers and speculators alike.
Mexican Peso Futures Trading Prices/Rates
The contract size is 500,000 Mexican pesos. Trading occurs in $.000025 per Mexican peso or $12.50 per contract. CME Mexican peso futures contracts are quoted in U.S. dollars per peso. CME Mexican peso futures trade 13 consecutive calendar months plus two deferred March quarterly cycle contract months. Options on futures contracts trade nine consecutive calendar month options and four weekly options with a monthly underlying future.
Mexican Peso Futures Trading Software
Having the right tool for the job is critical. Ask any Mexican Peso trader what trading tools or types of financial analysis he is using and you’re probably going to hear Stochastics, Fibonacci, MacD, moving averages, etc. Trading software can be used to augment an existing approach by supplying a broadened perspective. The key to a Mexican Peso trading system is its ability to forecast moving averages! One of the better software products is VantagePoint trading software that will help to “see” what is likely to happen in the market that you are trading before other traders (using only single-market analysis) catch wind of it. Frequently the crossover indicator flashes an “early warning” that the Mexican Peso market is likely to make a top or bottom – before it actually happens!
Trading the Mexican Peso with VantagePoint Software
Since 1991 VantagePoint Software has been applying Artificial Intelligence to forecast market trends with up to 87.4% accuracy. With more than 25,000 customers in 114 different countries, VantagePoint is the leading AI trading software for Futures.