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Home / Beginners / Forex Glossary / Term "futures-contract"
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A Futures Contract from forex glossary - an obligation to exchange a good or instrument at a set price on a future date. The primary difference between  Future (forex) and  Forward (forex) is that the Futures are typically forex online traded over an exchange (Exchange-Traded Contracts - ETC), versus fx forwards, which are considered (OTC) Over the Counter Contracts. An forex glossary term OTC is any contract NOT traded on an exchange.