(1) Market risk. Market risk refers to the risk of changes in the value of futures contracts held due to price changes. The market risks leading to futures trading can generally be divided into natural environmental factors, social environmental factors, political and legal factors, technical factors and psychological factors.

(2) Liquidity risk. Liquidity risk can be divided into liquidity risk and capital risk. Liquidity risk refers to the risk that futures contracts can't be established or closed at a reasonable price in time, which is easy to happen when the market situation goes to an extreme sharply or when you want to deal with assets but can't get what you want because of a special transaction. The risk of capital amount refers to the risk of forced liquidation of the position held by investors when their funds can not meet the margin requirements.

(3) Operational risk. Operational risk refers to the possibility of unexpected losses due to defects in information systems or internal controls.

(4) Legal risks. Legal risk refers to the risk that in futures trading, due to the conflict between related behaviors and corresponding laws and regulations, the expected economic effects cannot be obtained or even losses are suffered.