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Originally Posted by yep_yep
Sorry, I'm still not understanding you, we're in June, not November.
What do you mean, "the forward points", I've never heard of this expression before. 
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Thanks.  |
yep_yep, by forward he meant he shorted the Aussie vs. the buck in a
futures (Nov. 2005) contract and not in spot. You know the currencies and infact all commodities (silver, gold, sugar, hog-bellies, stock indices etc. etc.) for that matter trade in multiple ways: Spot, Futures and Options (No I am not talking about exotic options but the traded Calls and Puts). I can understand that most of the newbies know of spot trading only. Just google for "Commodities Futures Trading" to learn more.
This link may also help:
http://www.rb-trading.com/begin.html