How to Read Forward Curves—and Why They Matter for Spread Traders

Most traders focus on price charts. Spread traders should focus on forward curves. The shape of the forward curve reveals how the market values time, provides clues about carry, risk, and opportunity, and helps explain why identical seasonal patterns can produce dramatically different outcomes. Understanding forward curves is one of the most important skills a spread trader can develop.Applying fertelizer by Etienne Girardet via Unsplash