Futures Trading facts
While investigating facts about Futures Trading Hours and Futures Trading Strategies, I found out little known, but curios details like:
Onions are the only crop to be completely banned from trading futures in. In the 1950's a man named Vincent Kosuga acquired so much power that at one point he controlled 98% of onions in America. Farmers and buyers were so angry that Eisenhower banned the entire market.
how futures trading works?
Onions are the only commodity banned from futures trading in the United States. The Onion Futures Act was passed in 1958 after two traders cornered the onion market in Chicago controlling 98% of all available onions.
What is futures and options trading?
In my opinion, it is useful to put together a list of the most interesting details from trusted sources that I've come across answering what is stock futures trading. Here are 18 of the best facts about Futures Trading Basics and Futures Trading Platforms I managed to collect.
what's futures trading?
-
Greatest Showman actress Michelle Williams entered the Robbins World Cup Championship of Futures Trading in 1997, and won by turning $10,000 into more than $100,000. With a return of 900%, Williams is ranked as the third highest winner of the competition since its inception in 1984
-
That, thanks to Vincent Kosuga and Sam Seigel who successfully cornered the onion market in the 1950s, onions are the only commodity in the United States that has a federal ban on futures trading.
-
Columbia Pictures traded the script of Back to the Future to Universal for the right to reuse the plot of Double Indemnity in the ill-received film "Big Trouble" (Not to be confused with Big Trouble in Little China, which was released the same year).
-
It's illegal to trade futures contracts for onions
-
Actress Michelle Williams won the "World Cup of Futures Trading at age 17
-
An oil futures trader once came into the office drunk at 3:00 am and traded 7,000,000 barrels of oil (worth approximately $520 million). This caused the price of oil to rise by over $1.50, which is generally only caused by major events with geopolitical significance.
-
In 1997, at age 17, actress Michelle Williams won the World Cup of Futures Trading Award; no one has surpassed her record since she set it (1000% gains)
-
Before breaking in to the NHL, Tom "Bussey" Martin was traded in 1983 from the Western Hockey League's Seattle Breakers to the Victoria Cougars for a used bus and future considerations.
-
It's possible to trade weather futures. This is useful for insurance companies preparing for cyclones, power companies hedging against a warm winter, or movie companies shooting on location. It is possible to trade weather derivates for over 40 cities and geographic regions world wide.
What is true about futures trading?
You can easily fact check it by examining the linked well-known sources.
Actress Michelle Williams is the daughter of the famous commodities trader/author Larry Williams and she won The World Cup of Futures Trading Award at the age 17 (a trading completion for pro and non-pro traders). Her IMDB filmography says she was already 3 years into acting when she was 17!
The trading of Onion futures has been illegal since 1958 - source
In 2010 Commodity Futures Trading Commission made a proposal inspired by the movie 'Trading Places' to make insider trading illegal on commodity market - source
In 1984, Universal Studios traded the "Big Trouble" film project in exchange for the script rights to "Back to the Future" from Columbia Pictures which wanted the former due to being similiar to the 1944 film "Double Indemnity" and after putting Back to the Future on a turnaround since 1981.
In order to produce Big Trouble, Columbia Pictures had to trade the script of Back in the Future to Universal Pictures because of its similarity to a film made nearly forty years ago - source
When do futures start trading?
Man vs. Machine in Trading. The future of financial markets.
