Expanding your futures knowledge
- Comparing stock trading with futures trading
- Contract specifications
- Physical delivery vs. cash settlement
- Understanding product moves
- Economic events
Take your trade plan to the next level
- Download the trade plan
- What kind of trader am I?
- What does risk actually mean?
- Managing futures risk
- Utilizing stop orders
Practice what you've learned
No doubt almost everyone that gets involved in futures, will eventually hear the old-wives tale about novice commodity futures traders having 5,000 bushels of soybeans or thousands of barrels of crude oil delivered to their front yard. Truth be told, most traders never take delivery of a futures contract’s underlying instrument. While a trader may wish to speculate on the direction of live cattle futures, in my 30 years in this industry, I don’t know one trader that took delivery of the 40,000 pounds of cattle called for in the contract specifications (although many commercial meat packers will often take delivery of the underlying commodity).
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This activity does not count towards your lesson completion.
This activity does not count towards your lesson completion.
ACCREDITED COURSE
In case you didn’t know, the CFA Institute allows its members to self-determine and report continuing education credits earned from external sources. CFA Institute members are encouraged to self-document such credits in their online CE tracker. CME Institute offers a variety of courses, webinars, and white papers to support your professional education.
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