Futures
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Futures
Futures in forex refer to a financial contract that obligates the buyer to purchase a specific amount of a currency at a predetermined price and date in the future. Similarly, the seller is obligated to sell the currency at the agreed-upon price and date.
Forex futures are standardized contracts that are traded on organized exchanges, such as the Chicago Mercantile Exchange (CME) or the Intercontinental Exchange (ICE). These contracts are typically for a specific amount of a currency, such as 100,000 units of a particular currency pair.
One of the key features of forex futures is that they are traded on margin, which means that traders only need to put up a fraction of the total contract value as collateral. This allows for greater leverage and the potential for higher returns, but it also carries a higher level of risk.
Forex futures are used by traders and investors to hedge against currency risk, speculate on the future direction of exchange rates, and to diversify their investment portfolios. They are also commonly used by businesses that engage in international trade to lock in future exchange rates and protect against adverse currency movements.
Overall, forex futures provide a regulated and standardized way for market participants to trade and manage currency risk in the global foreign exchange market.
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