Wednesday, July 11, 2007

Trading Term of the Day ~ FUTURES CONTRACT

Futures Contract - An agreement made at prices established in the trading pit or electronic trading to buy or sell a physical commodity sometime in the future. Futures contracts are standardized agreements, which specify quantity and quality of the physical commodity. They also specify the time of delivery and exchange designated point of delivery.

Rainy Day Trader
Glossary of Trading Terms
Basics Of Futures Trading

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