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ORIVECT EDUCATION

Learn futures with facts, tools, and worked examples.

Build practical knowledge from contract mechanics through funded-account rules. No filler, hidden sales copy, or invented performance claims.

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Beginner learning path

Eight steps from contract basics to funded programs.

STEP 1What Are Futures?
STEP 2How Futures Contracts Work
STEP 3Ticks, Points & Contract Values
STEP 4Futures Trading Hours
STEP 5Margins
STEP 6Risk Management
STEP 7Prop Firm Evaluations
STEP 8Funded Accounts
FEATURED GUIDES

Answers traders use

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Contract references

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ALL TOPICS

Education library

25 reviewed guides

Futures Basics

Futures vs. Stocks

A stock represents equity ownership; a futures contract represents standardized price exposure with an expiration and multiplier. Futures often t

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Futures Basics

Futures vs. Forex

Currency futures are standardized, exchange-traded contracts with centralized pricing and expiration. Retail spot forex is an over-the-counter ma

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Markets

Micro vs. E-mini Futures

Micro E-mini equity index futures generally use one-tenth the multiplier of their corresponding E-mini contract. MES is $5 per S&P 500 point vers

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Markets

ES vs. NQ Futures

ES tracks the S&P 500 with a $50 point value and $12.50 tick; NQ tracks the Nasdaq-100 with a $20 point value and $5 tick. Their sector compositi

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Markets

MES vs. ES Futures

MES is one-tenth the size of ES: $5 versus $50 per index point and $1.25 versus $12.50 per 0.25-point tick.

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Markets

MNQ vs. NQ Futures

MNQ is one-tenth the size of NQ: $2 versus $20 per index point and $0.50 versus $5 per 0.25-point tick.

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Futures Basics

Futures Contract Sizes Explained

Contract size is the standardized quantity or multiplier behind one futures contract. For index futures, point value is usually the multiplier; f

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Futures Basics

Futures Tick Value Explained

Tick value equals tick size multiplied by the contract multiplier. NQ moves in 0.25-point ticks worth $5; MNQ uses the same 0.25-point tick but e

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Markets

Futures Trading Hours Explained

Many CME futures trade from Sunday evening through Friday afternoon with a daily maintenance break, but exact hours and holiday schedules vary by

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Markets

Futures Market Hours and Sessions

Futures markets organize trading by exchange sessions rather than a single stock-market bell. The trading date may begin the prior evening, and a

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Risk Management

Futures Margin Explained

Futures margin is a performance bond supporting leveraged exposure, not the price paid for the contract and not a maximum-loss amount.

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Risk Management

Initial vs. Maintenance Margin

Initial margin is the amount generally required to establish or carry a position; maintenance margin is the lower ongoing threshold below which a

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Risk Management

Trading Drawdown Explained

Drawdown is the decline from a defined reference—such as starting balance, end-of-day high, or intraday equity peak—to current balance or equity.

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Risk Management

Trailing Drawdown Explained

A trailing drawdown raises its violation threshold as the account reaches new highs. Depending on the program, it may track intraday equity, end-

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Risk Management

End-of-Day Drawdown Explained

End-of-day drawdown typically recalculates from a qualifying closing balance or equity high after the session, rather than following every intrad

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Prop Trading

Prop Firm Consistency Rule Explained

Consistency percentage equals the highest profitable day divided by total net profit, multiplied by 100. A strict below-50% rule is not passed at

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Funded Accounts

What Is a Funded Futures Account?

A funded futures account is the post-evaluation stage of a prop program. It may remain simulated while making a trader eligible for performance r

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Trading Rules

Futures Prop Firm Rules: What to Check

The most important prop-firm rules are the profit objective, daily and maximum loss method, minimum days, consistency, position limits, permitted

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Payouts

How Futures Prop Firm Payouts Work

A prop-firm payout is a performance reward requested after the funded account meets its program's eligibility rules. Approval may depend on tradi

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