I understand the basics of how the futures work but couldn't understand based on a practical sense as a speculator.
"A futures contract is a legal agreement to buy or sell a particular commodity asset, or security at a predetermined price at a specified time in the future."
When you go to the CME, all it shows is a bunch of points for each contract. Where is the information on the actual contract itself? Don't I need to know the "predetermined price" to set my limit?