Futures trading is trading at a pre-decided price to be carried out after a specific period of time, in the future, between a buyer and seller
A future can be defined as “an agreement between two parties – a buyer and a seller in which the buyer agrees to purchase from the seller, a set number of an index or shares a specific period of time in the future for a pre-decided price.”
Source: https://enrichbroking.in/futures-trading-nine-hidden-things
