13.S: Summary
- Page ID
- 79799
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Congratulations ‒ You Have Finished Chapter 13 ‒ Futures Contracts
You have reached the end of chapter 13, Futures Contracts. In this chapter, you have:
- Been introduced to the concepts and basics of futures contracts
- Examined the rationale and use of future contracts for suppliers and consumers of commodities
- Discussed the use of future contracts in the financial world
- Explored the differences between hedging and speculating with future contracts
- Examined the potential enormous adverse consequences that can result from speculating with futures contracts
You should now be able to:
- Describe the rationale and use of futures contracts
- Explain the uses of futures contracts for suppliers and consumers of commodities
- Explain the uses of futures contracts in the financial and investment world
- Describe the differences between hedging and speculating with futures contracts
- Explain the potential enormous adverse consequences that can result from speculating with futures contract
So are ya’ gonna’ stay far, far away from options and futures? I hope so! But wait, we are not yet finished learning how to lose a lot of money. In our next module, we will learn two more techniques designed to make your brokerage firm rich, ah, I mean, designed to help separate you from your money, no!, no!, I mean, designed to help you take advantage of other speculative strategies. We are ready to tackle buying on margin and selling short.