How Prices are Quoted

Commodity and futures prices like gold prices, oil prices and stock prices, are usually quoted the same way prices are quoted in the cash market (where a cash market exists). That is, in dollars, cents, and sometimes fractions of a cent are quoted, per bushel, pound or ounce, which are also in dollars, cents and increments of a cent for foreign currencies and in points and percentages of a point for financial instruments. Cash settlement contract prices are quoted in terms of an index number, usually stated to two decimal points. Be certain you understand the price quotation system for the particular commodity contract you consider trading.

Past performance is not necessarily indicative of future results. The risk of loss exists in futures and options trading.

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Information is believed to be reliable and is provided 'as is' without warranty.