What does a value of a forward contract mean?

Question by M Devil: What does a value of a forward contract mean?
I understand what a forward (and futures) contract is but what I fail to understand is why we value it? What’s the main purpose of valuing a contract? I know it can have a positive or negative value but we don’t make money from it (or do we?).. so whats the point of knowing what the value of the forward contract is?

Best answer:

Answer by Beardo
Depending on how the underlying matter changes price, affects whether the forward contract is showing a profit or a loss. Thus you value it to see what it is now worth.

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