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What does the so-called multiple leverage in professional futures mean?
This leverage is because futures trading is margin trading, and the contract value is 100 yuan. If the margin ratio is 5%, the required margin is 5 yuan, and the leverage here is 20 times.

If the margin ratio is 10%, then the required margin is 10, and the leverage here is 10 times.

Leverage is the ratio between actual value and margin.