Review Chapter 1 of the text and the CME Group articles A Traders Guide to Futures and Money Calculations for CME-Cleared Futures and Options and in a two- to three-paragraph journal entry address the following:

• Forwards and Futures: How are forwards and futures similar? How are they different? Briefly explain.
• Ethical Considerations: What are the ethical considerations when investing in either of these derivative instruments?
• Advantages/Risks: What are the advantages and risks associated with these derivative instruments?
• Future Market Behavior: What future market behavior can be implied by the behavior of these securities? Briefly describe.

Support your responses by referring to the text, the CME Group articles, and other pertinent course resources.

To complete this assignment, review the Module Two Journal Guidelines Rubric document.