Micro New Zealand Dollar Futures (M6N) are 1/10th the size of the standard New Zealand Dollar Futures, offering traders a more accessible way to gain exposure to the NZD/USD exchange rate. These smaller contracts are ideal for retail traders or those looking for more precise position sizing.
Contract Size: 10,000 New Zealand Dollars
Example: This contract size allows traders to gain exposure to currencies with controlled leverage and risk.
These specifications make Micro New Zealand Dollar (M6N) Futures suitable for traders seeking exposure to currencies markets.
Micro New Zealand Dollar (M6N) Futures trade with extended hours, providing flexibility for traders in different time zones.
Platform Symbol: M6N
To trade Micro New Zealand Dollar (M6N) Futures, you'll need to meet specific margin requirements. Check with your broker for the latest margin rates and details.
Proper position sizing is crucial when trading Micro New Zealand Dollar (M6N) Futures. Use our position size calculator to determine the optimal number of contracts based on your risk tolerance and account size.
For Micro New Zealand Dollar (M6N) Futures (M6N):
If you want to risk $500 with a 10-point stop loss:
Risk per Contract = Stop Loss in Points × Point Value = 10 × 10.00 per 0.01 = $100
Maximum Contracts = Risk Amount ÷ Risk per Contract = $500 ÷ $100 = 5 contracts