Platinum Futures (PL) provide traders with exposure to platinum prices without the need to hold physical platinum. These contracts are used for speculation on platinum price movements, hedging industrial metal needs, or diversifying investment portfolios with a precious metal that has significant industrial applications.
Contract Size: 50 troy ounces
Example: This contract size allows traders to gain exposure to metals with controlled leverage and risk.
These specifications make Platinum (PL) Futures suitable for traders seeking exposure to metals markets.
Platinum (PL) Futures trade with extended hours, providing flexibility for traders in different time zones.
Platform Symbol: PL
To trade Platinum (PL) 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 Platinum (PL) Futures. Use our position size calculator to determine the optimal number of contracts based on your risk tolerance and account size.
For Platinum (PL) Futures (PL):
If you want to risk $500 with a 10-point stop loss:
Risk per Contract = Stop Loss in Points × Point Value = 10 × 50.00 per point = $500
Maximum Contracts = Risk Amount ÷ Risk per Contract = $500 ÷ $500 = 1 contract