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Forex Futures
(redirected from Forex Future)

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Forex Futures
An exchange-traded contract to buy or sell a specified amount of a given currency at a specified price on a specific date in the future. All forex futures are written with a specific termination date, at which point delivery of the currency must occur, unless an offsetting trade is made to counteract the initial position.

Notes:
Forex futures serve two primary purposes as financial instruments. First, they can be used by companies or sole proprietors to remove the exchange rate risk inherent in cross-border transactions. Second, they can be used by investors to speculate and profit from currency exchange rate fluctuations.



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The PFG BEST Direct Forex application offers retail investors instant, 24 hour access to forex futures markets, and the advantage of real-time back office statements, instant online execution and commission-free trading.
 
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