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What preparations should novices make for speculating futures?
1. Be mentally prepared. Why is this? Futures prices fluctuate all the time, the correct judgment is naturally profit, and the wrong judgment is naturally loss. Therefore, it is very necessary to make psychological preparations for profit and loss before entering the market. 2. Be prepared for futures knowledge. Futures traders should master the basic knowledge and skills of futures trading. Understand the trading rules of commodities involved in trading, issue trading instructions correctly, and make yourself a winner in the futures market. 3. Prepare for market information. In the futures market, which is completely determined by the law of supply and demand, information is the most important and even the most critical factor. Whoever can grasp the market information timely, accurately and comprehensively will win in the fierce competition of futures trading. 4. Be sure to draw up a trading plan. In order to control the loss to the minimum and increase the profit, it is necessary to trade in moderation, and to draw up a trading plan before entering the market as a code of conduct for participating in trading.