what are futures 
a future is a contract to sell or buy a security at a future point in time at a price that s established at the time the contract is entered into the future date is often the time when the commodity will be delivered 7the bottom linetrading in lots isn t as much of a concern in the options and futures markets because you can trade any number of these contracts as you like each stock option will represent 100 shares and each futures contract controls the contract size of the underlying asset an investor can trade a minimum of 1 000 of the base currency in forex in any increment of 1 000 they could trade 1 451 000 14 standard lots five mini lots and one micro lot they can trade in odd lots of less than 100 shares in a stock trade the importance of lots depends a great deal on what you re trading 