Term
Futures
An exchange-traded agreement to buy or sell a commodity, currency, or securities in the future at a price fixed today.
The New Market Wizards: Conversations with America’s Top Traders, Jack Schwager
Explained in
- The New Market Wizards: Conversations with America’s Top Traders, Jack Schwager
- Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets, Nassim Nicholas Taleb
An exchange contract to buy or sell something in the future at a price agreed today. By selling futures, you can make money when a price falls.