Understanding Futures Contracts:  Beginner’s Guide Article Overview New to futures or looking for a refresher?  This article is designed for you. Dive into the basics of futures contracts, how contracts trade on a futures exchange, the different ways customers use these instruments and the benefits that futures provide. Gain a stronger understanding of how futures work and why more market participants are using derivatives in their trading strategies today. This course covers: – Contract Specifications – Contract Trading Codes – Expiration and Settlement Processes – Tick movements – Futures Price Limits – Notional Value – Futures Market Transparency – Margin – Roles of Speculators and Hedgers What is a Futures…