What is the minimum number of lots to buy futures?
As we all know, the futures trading unit refers to the number of subject matter represented by each futures contract in the futures exchange. So futures trading is the lowest transaction.
The smallest futures trading unit in the futures market is 1 lot. The smallest trading unit in the stock market is also 1 hand, and 1 hand is 100 shares. Therefore, at least one hand should be bought for futures trading, and 0. 1 hand cannot be traded. However, in the futures market, the meaning of 1 contract is different for different futures varieties. For example: copper 5 tons/hand, gold 1000g/ hand, soybean 10/ hand, crude oil 1000 barrels/hand.
How much is it to buy crude oil futures?
Because the trading unit of crude oil futures is 1 1,000 barrels per hand, the minimum price change is 0. 1 yuan (RMB)/barrel. The daily limit of crude oil futures is 4%, and the delivery month of the contract is the last consecutive month and the next eight months of 1- 12. The minimum trading margin is 5% of the contract value. Therefore, according to the current international oil price, the deposit required to purchase the first-hand crude oil futures contract is about $4,200. The margin required for trading the first-hand crude oil futures contract is about RMB 20,000.