What is dollar per point)

Understanding what each value is a prerequisite for understanding and using the turtle law. However, the turtle law is just a simple introduction: value volume per point = 42,000 (42,000 gallon contract quoted in USD ). How can I calculate the value of each point in the stock market? For example, if I want to buy China Unicom, what is the value of each point? What is the value of buying 0.1 million hands in Europe and America? What is the value per point when I buy 10 Shanghai aluminum products? How to calculate? What is the value of each point?

Let me answer,Value volume per point-the price of the entire contract change for each change of the first-hand contract.
The meaning of each point of value mentioned in real turtle traders

The price per base point of the standard corn contract is equivalent to $50.

In this calculation of the corn admission position, the author considers $50 as the value of each point of the corn contract. The corn price per unit increases by a dollar, and the first-hand corn contract increases by 50 yuan, it can be considered that the first-hand contract contains 50 units of corn.

Similarly, in the futures market, the first-hand aluminum Stock Exchange price is 5 tons, and the price per ton is up by one dollar. The entire contract is up by 5 yuan, and the value of each point here is 5 yuan.

In the stock market, because the minimum transaction unit is generally 100 shares, China Unicom has 100 shares at the first hand. Every penny the stock increases, China Unicom shares increase by 1 RMB, the value of each point here is 1 RMB.

The foreign exchange market needs to be more complex. Let's talk about direct currency pairs for direct disks, such as EurUsd and gbpusd. If the euro increases by 0.00001, first-hand EurUsd will make a profit of 0.00001 × 100000 (first-hand EurUsd is USD 100000) = USD 1.

Next we will talk about the direct dollar indirect currency pair, the usdjpg and usdchf types. If the US and Japan increase by 0.001 yen, it will be converted to the US dollar to save the market by 0.001/79.669 (the Japanese Yen's closing price on the day ), in this case, the US and Japan will make a profit (0.001/79.669) × 100000 = USD 1.255193. Because the price of the yen has been changing, the value of each point of the variety is constantly changing. Similarly, there are various cross disks.

By the way, we should pay attention to the minimum unit of price changes for each variety.