Futures, in the financial sense of the word, are closely related to Options but with one crucial difference: while Options contracts give their purchaser the right to buy or sell a certain commodity or security by or at a certain date, a Futures contract imbues the trader with the obligation to settle the contract. In this respect, futures contracts entail a certain level of urgency that ...
You probably know someone who trades in stocks. They may be a day-trader, a long term investor, or someone who just dips their toe into the market from time to time. Perhaps this describes you! When it comes to trading Futures, however, you may draw a blank unless your career involves you in banking and investing.