My interest in Finance is due to my stay in Tokyo. Initially I read about debt securities, bond derivative instruments and accounting. The Economic Times to do tax calculation for various scenarios. Such a simple idea leads to various nuances if one or more parameters are varied.
Future is a kind of derivative instrument.
This is because the value of a future depends on the value of underlying. There are two kinds of futures. They are Commodity futures - the 'underlying' is a commodity like 'oil'. Financial futures - the 'underlying' is a financial instrument like a bond . The Web Investor, Financial Links Welcome to Finance.