Foreign exchange Forex Gateway
What are Futures Contracts?Posted by Gary on 19 September 2008 @ 5:08PM under Futures Contracts.
Futures These started trading back in the 1850s on the CBoT. The very first contracts traded on the CBoT where agriculture contracts. In 1969 CBoT starts its first non-grain contract with a silver futures contract. Today they trade everything from bonds to notes.
Common Terms related to Forex and Futures trading<Posted by Gary on 19 September 2008 @ 5:08PM under Forex and Futures terminology.
Options - A contract conferring the right but not the obligation to buy or to sell a specified amount of an instrument at a specified price within a predetermined time period.
Call - another name for buy in options terms Put - Another name for sell in options terms
OTC - Over the counter
Limit Order - This is like making a hotel reservation if you will - You put up collateral to reserve a certain amount of currency or gold and when those terms are met, the deal will be transacted for you.
Forex Pip - This is a single unit of change in the price of a currency. This is usually (for most currencies) the fourth decimal place or roughly .01 percent.
Spread - This is simply the amount between the bid and the ask.