Hi I am a first time trader and would like some assistance. Just to see how it works - I bought 2 contracts today at an underlying price of 9.8000. what does MTM mean (this price was 10.11 as it stands in my portfolio)and if i want to sell to make a profit which price do i look at? underlying or MTM. Im confused so please help Thanks
Derivatives/CF's is the LAST THING YOU SHOULD BE TRADING AS A FIRST TIMER...! Take your money and run! Start by reading many many books then start investing with plain ordinary shares. Not trying to discourage you, just advise you of the extreme dangers.
Ok I meant first time trader of CF's. I have traded ordinary shares etc. I just wanted some knowledge on CF's and share futures. So if any one can comment on the transaction i encounted as explained in the first message. I appreciate your concern - its great to know people out there care. Thanks again