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Validating forward data and historical tests
A historical forward strategy is only as credible as its data and execution assumptions. A smooth chart can hide missing quotes and information that was unavailable...
Read articleFOLITIC / FORWARDS TRADING GUIDE
Forwards Trading Guide
Understand forward contracts, interpret quotes and build currency, commodity and portfolio hedges. Follow ten stages from contract basics to advanced valuation, execution and disciplined risk management.
Start with What a forward contract commits you to, then follow the next lesson links. Explore 40 lessons with worked examples, exercises and further reading.
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Research Risk and Trading Plans · All lessons
Research Risk and Trading Plans
Test ideas, stress cash requirements and build a complete decision process.
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Stress testing cash requirements and exposures
A useful stress test asks whether the organisation can survive the cash path, not only the final gain or loss. Market moves and delayed receipts can...
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Portfolio limits sizing and performance measures
Notional size is one view of risk. A forward portfolio also needs limits for sensitivity, maturity, counterparty concentration and cash requirements.
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Building a complete forward hedging or trading plan
A complete plan connects the economic purpose to contract terms, cash capacity and review. The final lesson brings the guide into one practical decision record.
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