What is the concept of margin in futures trading?

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What is the concept of margin in futures trading?

The concept of margin in futures trading refers to the initial deposit or collateral required by a trader to enter into a futures contract. It is a percentage of the total value of the contract and serves as a form of security for the exchange. Margin acts as a good faith deposit and ensures that traders have sufficient funds to cover potential losses. It also allows traders to leverage their positions and control larger contract sizes with a smaller amount of capital.