I was checking on some math related problem I had, and this came up as a featured video:
I thought it was worth posting.
Please note that this is a forward contract, not futures. The difference being that futures are standardized and exhange-traded. But from reading the various posts on this thread, it seems there have been overlapping (even if unintentional) discussion about the two...
oh, now I get it, so if apples go over 20 cents I need to go short and if they go under 20 cents I need to go long.
All I need to do is hang out where farmers and pie makers hang out and observe.
