ELI5: Explain Like I'm 5

E-micro

Okay, so you know how sometimes adults trade things like stocks and bonds on the stock market to make money? Well, they also trade something called "futures" which is like a promise to buy or sell something at a certain price in the future.

Now, some people might want to trade futures for things like foreign currencies (like Euros or Yen) but they don't have a lot of money to invest. That's where "e-micro" comes in!

E-micro is a special type of futures contract that lets people trade really small amounts of foreign currencies, so they don't need a lot of money to get started. It's like if you only had one toy to trade instead of a whole bunch of toys.

So, if someone thinks the value of a foreign currency will go up in the future, they can buy an e-micro futures contract for that currency. Then, if the currency does go up in value, they can sell the contract for more money than they paid for it and make a profit! But if the currency goes down in value, they might lose money.

Overall, e-micro lets people trade small amounts of foreign currency futures and potentially make money, even if they don't have a lot of money to invest in the first place.
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