Futures backhand is to close your current position at your opponent's price and open a reverse warehouse receipt with the same amount.

For example, if you now hold many lots of M 1505 10, the backhand operation is to close many lots at the opponent's price, and then open an empty order of m 10 at the opponent's price.

Futures and spot are completely different. Spot is actually a tradable commodity. Futures are mainly not commodities, but standardized tradable contracts with certain mass products such as cotton, soybeans and oil and financial assets such as stocks and bonds as the targets. Therefore, the subject matter can be commodities (such as gold, crude oil and agricultural products) or financial instruments.

The delivery date of futures can be one week later, one month later, three months later or even one year later.

A contract or agreement to buy or sell futures is called a futures contract. The place where futures are bought and sold is called the futures market. Investors can invest or speculate in futures.