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CURRENCY MARKETS
The currency markets can be very exciting for active
traders. Currency futures were first created at the Chicago Mercantile Exchange (CME) in 1972. That was less than one year
after the system of fixed exchange rates was abandoned along with the gold standard. A currency future is a futures contract to exchange one currency for another at a specified date in
the future at a price that is fixed on the purchase date. Typically, one of the currencies is the US dollar. The price of
a futures contract is then in terms of US dollars per unit of other currency.
Investors can use currency futures contracts to hedge against
foreign exchange risk, or currency futures can be used to speculate and, by incurring a risk, attempt to profit from rising
or falling exchange rates. Whether you are a speculator or a hedger, this section on currency futures contains a wealth of
valuable information. Before trading currency futures and options you should contact an experienced broker to discuss market risk and opportunities.
FX Products Calendar and Guide
Click on the link above to download a very informative .pdf
brochure entitled "FX Calendar and Guide". It was published by the Chicago Mercantile Exchange. This is a must read
guide for any novice or advanced trader considering an investment in currency futures and options.
Click here to contact a licensed commodities broker with experience in the currency markets.
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