About SPX500
SPX500 tracks the S&P 500, the benchmark of the US stock market. It moves more smoothly than the Nasdaq and respects technical levels well, which makes it a solid index for rule-based trading.
The New York open, US economic data and Fed announcements.
How to size a SPX500 position
Position size = risk in dollars ÷ (stop distance × value per unit). Example on a $100,000 account risking 1% ($1,000) with a $15 stop: 66.6 lots, which risks about $999.
The order panel has a built-in risk calculator: enter your % risk and your stop loss and it sizes the position for you.
Which challenge to trade SPX500?
2-Step challenge (10% + 5% targets, 4% daily and 8% maximum loss) or the faster 1-Step challenge (one 10% target).
SPX500 trading hours
Sunday to Friday, nearly 24 hours with a short daily break around 21:00–22:00 UTC.