What are Commodity Futures, anyway?
The futures industry is an important industry. It affects the lives of millions of people, although they may not be aware of its existence. It touches the food they eat, the clothes they wear, and the material that gives them shelter, as well as their finances and investments.
Prior to the advent of futures trading in the United States, most people were farmers or rendered services to farmers. The industrial revolution, which sprang from individual freedom and the private property order, brought a new technology and ability to produce more machinery and, consequently, more food. Economic output not only began to keep pace with the phenomenal growth in population, but also greatly raised all levels of living. The new productivity called for more agricultural storage, transportation, and more efficient distribution.
ARTICLES
Reading Price Quotations
As futures prices rise, some people are being confused by the prices being quoted in the news media. And as more people flock to the “hard assets” that commodities represent, it is becoming more important to understand how to read the prices quoted for the …
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An Introduction to Foreign Exchange Markets
The foreign exchange markets (FOREX) have evolved from the humblest of beginnings to the world’s largest market by dollar volume. With several different entry points …
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How to Become a Futures Broker
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How to Trade Futures and Futures Options
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