Futures traders go to the brokerage company to open an account and sign a power of attorney authorizing the brokerage company to buy and sell contracts and pay handling fees on their behalf.

Step two:

After receiving the customer's order, the broker informs the representative of the brokerage company of the exchange, and the trading representative stamps the received order and sends it to the exit representative office of the trading hall, and then the exit representative enters the customer's instructions into the computer for trading.

Step 3:

On-site and off-site representatives need to inform the off-site broker of the transaction record when each transaction is completed, and then the broker will inform the customer.

Step 4:

If the customer wants to close the position, it needs to notify the brokerage firm, then the brokerage firm informs the trading representative, and the futures contract is hedged and liquidated by the on-site and off-site representatives. Finally, the brokerage firm sends the hedging net profit and loss statement to the customer.