Moreover, the money in the futures account cannot be withdrawn at any time. When extracting, you must go through relevant procedures and inform the platform.
Futures trading is a trading method based on spot trading and forward contract trading. Futures trading is a standardized contract made by futures exchange to deliver a certain amount of subject matter at a specific time and place in the future. Simply put, it is to focus on the longer-term spot price and predict what will happen to the spot price in a certain period of time in the future, so as to earn the profit of the difference. "
Futures, commonly known as futures contracts, are standardized contracts made by futures exchanges, which stipulate to deliver a certain number of subject matter at a specific time and place in the future. This subject matter, also known as the underlying asset, can be a commodity, such as copper or crude oil, a financial asset, such as foreign exchange and bonds, or a financial indicator, such as three-month interbank offered rate or stock index.
Futures are developed on the basis of forward trading. Forward trading means that buyers and sellers negotiate the price first, and then trade at this price at some time in the future. For example, farmers negotiated with grain processors and sold 50 tons of rice to grain processors at the price of 3 yuan/Jin three months later. This is a forward transaction.
Futures trading is also a kind of futures trading activity, but it is very different from forward trading. First of all, futures trading is a standardized contract transaction conducted on the futures exchange, which is conducted openly. The terms of each futures contract are standardized. For example, the maturity date is the last trading day on June 5438+05, and the underlying assets are electrolytic copper or five-year treasury bonds of a certain specification. The transaction of a contract is equivalent to the transaction of five tons of copper or treasury bonds with a face value of100000 yuan. There is no such provision for forward trading.
Secondly, the object of futures trading is futures contracts, not physical objects. Therefore, futures investors can make physical delivery or cash delivery when the contract expires. As far as physical delivery is concerned, one party pays cash and the other party hands over the goods of the specified specifications agreed in the contract, which is the same as the forward transaction; The difference is that futures contracts can be closed before the contract expires to reverse the original transaction. Therefore, futures trading is more liquid.
Finally, and most importantly, futures trading is carried out on the same day as the margin system and the debt-free settlement system, so its default risk is much lower than that of forward trading.