Trading Futures
• There are two prices
–Price of future contract – futures price
–Price of underlying asset – spot price
• There are two ways of profit
–Long position – profit when futures price goes up
–Short position – profit when futures price goes down
Schoolof Economics, Finance and Marketing 1
,Find contracts to Trade – the quote
• Google - futures quotes
Your online broker will have all the information
Schoolof Economics, Finance and Marketing 2
,• When click on Crude Oil WTI (Apr ’22)
CL is the code for this product,
J is the month code – April
22 is the year
Schoolof Economics, Finance and Marketing 3
, • When click on Crude Oil WTI (Apr ’22)
Bid: current price and number of contracts the market is willing to buy
Ask: current price and number of contracts the market is willing to sell
Day Low: lowest trade price for the current trading session
Day High: highest trade price for the current trading session
Open: first trading price of the new trading session
Schoolof Economics, Finance and Marketing 4
• There are two prices
–Price of future contract – futures price
–Price of underlying asset – spot price
• There are two ways of profit
–Long position – profit when futures price goes up
–Short position – profit when futures price goes down
Schoolof Economics, Finance and Marketing 1
,Find contracts to Trade – the quote
• Google - futures quotes
Your online broker will have all the information
Schoolof Economics, Finance and Marketing 2
,• When click on Crude Oil WTI (Apr ’22)
CL is the code for this product,
J is the month code – April
22 is the year
Schoolof Economics, Finance and Marketing 3
, • When click on Crude Oil WTI (Apr ’22)
Bid: current price and number of contracts the market is willing to buy
Ask: current price and number of contracts the market is willing to sell
Day Low: lowest trade price for the current trading session
Day High: highest trade price for the current trading session
Open: first trading price of the new trading session
Schoolof Economics, Finance and Marketing 4
