What are futures contracts?
An example of an AI chatbot conversation about futures contracts and their significance in trading.
Can you explain what futures contracts are?
Sure! Futures contracts are agreements to buy or sell an asset at a predetermined price at a specified time in the future.
What types of assets can be traded using futures contracts?
Futures contracts can be used for various assets, including commodities like oil and gold, as well as financial instruments like stock indices and currencies.
How do futures contracts work in trading?
In trading, futures contracts allow investors to hedge against price fluctuations or speculate on price movements. They are standardized and traded on exchanges.
What are the risks involved with trading futures?
The main risks include market risk, leverage risk, and liquidity risk. Prices can be volatile, and losses can exceed initial investments.
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