Part of understanding a Futures contract is to understand what a minimum tick and the dollar value of that minimum tick is.
In class I point out that the smart money traders are the Commercials.
Once a Futures trader has been trading the Financial Futures markets for a while they may want to begin trading the physical Commodity Futures markets.
The Commodity Futures Trading Commission (CFTC) has released a report since 1962 showing what positions were held by Speculators and Commercial traders.
At Online Trading Academy we encourage our students to ask questions. Not only does this promote good community in the classroom, but it gets other students to start thinking out of the box and asking their own questions.