What is futures
A futures (or futures contract) is an agreement between two exchange participants that one will buy and the other will sell something for a predetermined price on a predetermined date. Why is this needed? In general, this is necessary, for example, for a real manufacturer and a real consumer of any product, if the price of a product is constantly jumping, and you want to plan a business. The manufacturer wants to know that the product to be produced will be bought for the money for which he is willing to produce this product. And the buyer is sure that when he needs a product, he will be able to buy it at a comfortable price. What's the catch? For these two, it consists in the fact that at the time of the agreed delivery, the market price for this product will be either lower or higher than the one they have chosen for themselves. It is also clear that the value of price confidence is more important to them than fear of overpaying. So they have everything in general What are the t