Home Forex Market Structure Futures market Article
Forex futures contracts are traded on exchanges, and there are various types of contracts available for traders to trade. Some of the popular forex futures contracts traded in forex markets include:
Euro Futures (EUR/USD): This futures contract involves trading the euro against the U.S. dollar. The euro is the base currency, while the U.S. dollar is the quote currency.
Japanese Yen Futures (JPY/USD): This futures contract involves trading the Japanese yen against the U.S. dollar. The Japanese yen is the base currency, while the U.S. dollar is the quote currency.
British Pound Futures (GBP/USD): This futures contract involves trading the British pound against the U.S. dollar. The British pound is the base currency, while the U.S. dollar is the quote currency.
Swiss Franc Futures (CHF/USD): This futures contract involves trading the Swiss franc against the U.S. dollar. The Swiss franc is the base currency, while the U.S. dollar is the quote currency.
Australian Dollar Futures (AUD/USD): This futures contract involves trading the Australian dollar against the U.S. dollar. The Australian dollar is the base currency, while the U.S. dollar is the quote currency.
Canadian Dollar Futures (CAD/USD): This futures contract involves trading the Canadian dollar against the U.S. dollar. The Canadian dollar is the base currency, while the U.S. dollar is the quote currency.
New Zealand Dollar Futures (NZD/USD): This futures contract involves trading the New Zealand dollar against the U.S. dollar. The New Zealand dollar is the base currency, while the U.S. dollar is the quote currency.
These futures contracts offer traders the ability to trade on margin and to take advantage of leverage to enhance their trading profits. However, they also involve higher risks due to the use of leverage, and traders should be aware of the risks involved before trading forex futures contracts.
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