Forex futures contract (also known as currency futures contract) is an exchange-traded contract to buy or sell a specified amount of a given currency at a predetermined price on a set date in the future (expiration/settlement date). All Forex futures are written with a specific settlement (expiration) date, at which point delivery of the currency must take place unless an offsetting trade is made on the initial position. Forex Investors can close out the currency futures contract at any time prior to the contract's delivery date. However, most contracts are closed out before delivery date.
First time Currency futures were first created and traded at the Chicago Mercantile Exchange (CME) in 1972. As a rule, US dollar is one of the currencies and the price of the future is defined in US dollars per unit of other currency.
The two main factors that attract investors into Forex futures market is protection against the risk involved with cross-border transactions and speculation on currency exchange-rate fluctuations.
AUD/CAD - Australian / Canadian Dollar Currency Futures (ACD)
AUD/JPY - Australian Dollar / Japanese Yen Currency Futures (AJY)
AUD/USD - Australian / US Dollar Currency Futures (6A)
CAD/USD - Canadian / US Dollar Currency Futures (6C)
CAD/JPY - Canadian Dollar / Japanese Yen Currency Futures (CJY)
CHF/USD - Swiss Franc / US Dollar Currency Futures (6S)
CHF/JPY - Swiss Franc / Japanese Yen Currency Futures (SJY)
EUR/CHF - Euro / Swiss Franc Currency Futures (RF)
EUR/GBP - Euro / British Pounds Currency Futures (RP)
EUR/JPY - Euro / Japanese Yen Currency Futures (RY)
EUR/USD - E7 Euro/ US Dollar Currency Futures (E7)
EUR/AUD - Euro / Australian Dollar Currency Futures (EAD)
EUR/CAD - Euro / Canadian Dollar Currency Futures (ECD)
EUR/NOK - Euro / Norwegian Krone Currency Futures (ENK)
EUR/SEK - Euro / Swedish Krona Currency Futures (ESK)
EUR/USD - Euro / US Dollar Currency Futures (6E)
GBP/USD - British Pounds / US Dollar Currency Futures (6B)
GBP/JPY - British Pounds / Japanese Yen Currency Futures (PJY)
GBP/CHF - British Pounds / Swiss Franc Currency Futures (PSF)
JPY/USD - Japanese Yen / US Dollar Currency Futures (6J)
NOK/USD - Norwegian Kroner / US Dollar Currency Futures (NOK)
NZD/USD - New Zealand Dollar / US Dollar Currency Futures (6N)
SEK/USD - Swedish Kronor / US Dollar Currency Futures (SEK)
One single winning trade
could pay for the membership for years to come.
DISCLAIMER: THIS INFORMATION IS INTENDED FOR EDUCATIONAL PURPOSES ONLY AND DOES NOT CONSTITUTE ANY FINANCIAL ADVICE. RISK IS INVOLVED IN ALL STYLES OF MONEY MANAGEMENT. Uncovered options trading involves greater risk than stock trading. You absolutely must make your own decisions before acting on any information obtained from this Website.
The return results represented on the web site are
based on the premium received for the selling options short and do not reflect margin.
It is recommended to contact your broker about margin requirements on uncovered options trading before using any information on this web site. Use our "
Trade Calculator" to recalculate our past performance in relation to the margin requirements, brokerage commissions and other trading related expenses. Past performance is not indicative of future results.
