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In this section you can find definition to all the terms you may encounter working with our company, homepage or platform.
We tried to explain various definitions concerning our company’s activities.
Glossary is short, clearly and simple about financial markets.
In case you will not find a definition for an unknown term – you always may ask us directly by phone: +38 (044) 28 82 999 or by e-mail: info@wega-trade.com.
Forward Contract — A cash market transaction in which delivery of the commodity is deferred until after the contract has been made. Although the delivery is made in the future, the price is determined on the initial trade date.
Most forward contracts don't have standards and aren't traded on exchanges. A farmer would use a forward contract to "lock-in" a price for his grain for the upcoming fall harvest.
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