问题：
Risk of Trading Futures Contracts.
答案：
Risk of Trading Futures Contracts1)Market risk: refers to fluctuations in the value of the instrument as a result of market conditions. (wrong expectation)2)Basis risk: the position being hedged by the futures contracts is not affected in the same manner as the instrument underlying the futures contract.3)Liquidity risk: refers to potential price distortions due to a lack of liquidity. (no traders)4)Credit risk: is the risk that a loss will occur because a counterparty defaults on the contract.5)Prepayment risk: refers to the possibility that the assets to be hedged may be prepaid earlier than their designated maturity.6)Operational risk: is the risk of losses as a result of inadequate management or controls.