Futures and forwards
A ground-up introduction to futures and forward contracts, covering how margin and daily mark-to-market actually work and the real difference between hedging genuine business risk and speculating on price.
What is a futures contract?
Locked until the prerequisite course is complete.
Forwards vs futures
Locked until the prerequisite course is complete.
Margin and leverage in futures
Locked until the prerequisite course is complete.
Mark-to-market: daily settlement
Locked until the prerequisite course is complete.
Hedging with futures
Locked until the prerequisite course is complete.
Speculating with futures
Locked until the prerequisite course is complete.
Contango and backwardation
Locked until the prerequisite course is complete.
Common futures markets: a quick tour
Locked until the prerequisite course is complete.
Rolling a futures position
Locked until the prerequisite course is complete.
The real risks of futures trading
Locked until the prerequisite course is complete.
Basis risk: why futures hedges aren't perfect
Locked until the prerequisite course is complete.
Physical delivery vs cash settlement
Locked until the prerequisite course is complete.
Position limits and futures market oversight
Locked until the prerequisite course is complete.
Non-deliverable forwards: forwards for restricted currencies
Locked until the prerequisite course is complete.