Ah, good question. I should have been more clear. I meant futures/forwards on commodities and currencies, not stocks. Most investors don't use futures/forwards

Ah, good question. I should have been more clear. I meant futures/forwards on commodities and currencies, not stocks. Most investors don't use futures/forwards in the stock market unless they are hedging something. They just don't add value (if naked positions) compared to buying outright. Hopefully my comparison to poker is easier to see now.