1, deposit?
Traders must open an account with brokers before entering the gold futures exchange. When traders participate in gold futures trading, they do not need to pay the full amount of the contract, but only need to pay a certain amount (that is, margin) as a guarantee for brokers to operate the trading. The margin is generally set at about 65,438+00% of the total amount of gold transactions.
2. Contract unit?
Gold futures, like other futures contracts, are completed by multiplying the number of contracts by the standard contract units.
? ? 3. Delivery month?
Gold futures contracts require the submission of gold with a specified purity in a certain month.
4. What is the minimum volatility and the maximum trading limit?
The minimum range refers to the minimum range of each price change, such as the range of each price change is 10 cent; The maximum trading limit is like the daily limit and the daily limit in the securities market. The new york Stock Exchange stipulates that the maximum daily volatility is 75 cents.
? ? 5. Futures delivery?
Traders who purchase futures contracts have the right to obtain gold guarantees, transport bills or gold certificates at any time after the earliest delivery date before the futures contracts are realized. Similarly, traders who sell futures contracts that fail to open positions before the final delivery date must bear the responsibility of delivering gold.
Today's futures trading can be closed in the opposite direction according to the price change of the day. Intraday trading is a necessary condition for the successful operation of gold futures, because it provides liquidity for traders.
6. explanation?
An order is an order from a customer to a broker to buy and sell gold, in order to prevent misunderstanding between the customer and the broker.