Clarification on margins

S4 - Select - Underlying Markets futures
1

I spoke with Nt7 about the margin for TF Russell. He said the minimum is 1000.00 and each contract the margin would be 500.00. So my question is a contract consists of each trade or is the TF Russell the contract itself?

Example if I am doing momentum scalps and I place my trade and then I add on an apex trade is that two contracts? Or as long as I am doing whatever I am doing inside the tf Russell that is the one contract and my 500 is the margin and make sure I have enough money to cover any other losses outside if the 500 margin as well?

2

Each contract would require a $500 margin. The reason for margin is to make sure the broker can manage risk on your positions