2. Liquidity risk. This is because the market liquidity is poor, and it is difficult to do fast, timely and convenient transactions in futures trading. This kind of risk is particularly prominent when customers open positions and level positions. For example, when opening a position, it is difficult for traders to enter the market at the ideal time and price, and the hedger cannot establish the best hedging portfolio; When closing positions, it is difficult to close positions through hedging, especially when futures prices show a continuous unilateral trend, or near delivery, which reduces market liquidity, making traders unable to close positions in time and causing heavy losses. In order to avoid liquidity risk, customers must study the main composition of long and short sides to avoid entering the unilateral market dominated by one side.
3. The risk of forced liquidation. Because futures brokerage companies have to settle the profits and losses of traders according to the settlement results provided by the exchange every day, when futures prices fluctuate greatly and the margin cannot be replenished within the specified time, traders may face the risk of being forced to close their positions. In addition to the forced liquidation caused by insufficient margin, when the total position of the securities firm entrusted by the customer exceeds a certain limit, it will also lead to the forced liquidation of the securities firm, which will further affect the forced liquidation of the customer. Therefore, customers should always pay attention to their financial situation when trading.
4. Delivery risk. Futures contracts are time-limited, so customers who are not prepared to make delivery should close their positions in time before the contract expires to avoid taking delivery responsibility. This is a special point of the futures market compared with other investment markets. New investors should pay special attention to this link and try not to hold the contract in their hands until it is close to delivery, so as not to fall into the predicament of being "forced". The so-called "forced warehouse" means that when the delivery is approaching, many parties (or empty parties) force the empty parties (or parties) to close their positions by virtue of their financial advantages, and when the opponents cannot raise enough physical objects (or funds), they can force them to close their positions and leave the market.
5. Market risk. In gold futures trading, the biggest risk for customers comes from the fluctuation of market price. This price fluctuation brings the risk of trading profit and loss to customers. Because of leverage, this risk is magnified.
6. Risks of changes in policies and rules. The futures market operates according to the rules of various futures exchanges. When policies or rules are adjusted, customers will face certain risks. For example, when the market of a certain variety fluctuates greatly, the exchange will appropriately adjust the margin ratio of the contract of this variety, which may bring some pressure on customers to adjust their funds.
7.IT system risk (trading system). Due to technical equipment, network lines, power supply and other reasons, the transaction entrustment function cannot be used or delayed, and the trading system is busy and slow due to too many people placing orders, which will bring indirect risks to customers.
8. Operational risks (mistakes). When a customer places an order by telephone, the trader accepts the trading instructions entrusted by the customer, including the trading type, trading direction and order quantity. If traders make mistakes in placing orders, customers will face the risk of losing money.