How do futures contracts work and what are they?
Alright, imagine you really love trading baseball cards. You find someone who has a rare card you want, but they’re not willing to trade it right now. So, you both agree that in a month, you’ll trade the card for $100.That’s kind of like a futures contract! It’s an agreement to trade something (like a baseball card or stocks) at a set price in the future. People use futures contracts to lock in prices and reduce the risk of changing prices.
click the banner up top to start your path to trading futures but make sure you use our discount code. Use coupon code PEDNCCHH for an instant discount! The coupon code can be reused and will save you money every time.