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Academy/Futures Foundations/Checkride

STAGE 1 · CHECKRIDE

Futures Foundations checkride

Five questions. Score at least four correctly to pass. Retry as often as you need; feedback explains each answer.

Lessons completed: 0 / 5

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01 Why might a producer sell futures even if they believe prices could rise?To reduce price uncertainty on future outputBecause the exchange guarantees a profitTo avoid all margin requirements

02 What defines the dollar effect of a price move in a futures contract?Your trading platform's colorsThe contract's point multiplier and number of contractsYour account's margin setting

03 What is the main sizing advantage of a micro contract?Finer increments of contract exposureGuaranteed smaller percentage lossesExemption from market risk

04 Which statement about margin is accurate?Margin caps total trading lossesMargin equals the contract's notional valueMargin is collateral, not a maximum-loss limit

05 Which is true of a limit order?It guarantees an immediate fillIt constrains price but may not fillIt eliminates all transaction costs

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