Hi Rod,

RS> PL> Is it true that for every loser there is a winner when
RS> PL> dealing in futures or does that only apply to options?
RS>
RS> RS> That gets a bit philosophical. You can argue that its not true,
RS> RS> that there is a real sense in which one party can basically be
RS> RS> ensuring a certain result, instead of a less certain result. For
RS> RS> example if you think a currency is about to drop, you can in effect
RS> RS> fix the effect that has on you, someone else wears the actual result.
RS> RS> That is essentially what futures were intended for originally.
RS>
RS> PL> Sorry Rod, I did not quite get what you meant by the above reply.
RS>
RS> Yeah, thats probably a classic example of an explanation which
RS> makes sense if you already know what its trying to explain |-)
RS>
Thanks for the further explaination it make more sense now.
Thanks again
Phil

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