By Matthew Makowski Futures trading is one of the oldest forms of investing out there. It dates back to the dawn of civilization in ancient Mesopotamia. The ancient Greeks were a big fan too. Aristotle wrote about the practice in his classic treatise Politics. Despite the fact the practice has been around so long, the question for many remains, “What is futures trading?”
To answer the question, let’s start with a quick history lesson.
The sixth Babylonian King Hammurabi is credited with the creation of one of the first legal codes: The Code of Hammurabi. In it, the King laid the foundation of the sale …read more
