Copytrading Wiki

A forward contract is a market agreement obligating the seller to deliver an underlying asset to the buyer on a specified date or within a set period. The buyer, in turn, agrees to accept and pay for the asset.

A futures contract is a derivative financial instrument/contract used by exchanges as a standardized agreement for buying and selling an underlying asset. When the contract is made, the buyer and seller agree on the price and delivery date. The quality, quantity, packaging, and other parameters are predefined in the exchange contract specifications.