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What is futures? What is the process of completing a transaction? Please use detailed and complete examples to illustrate.
Futures are relative to spot. Futures are the subject matter that is bought and sold now, but will be settled or delivered in the future. This subject matter can be gold, crude oil, agricultural products, financial instruments, financial indicators and other commodities.

Futures is a kind of margin trading. If sugar sr 109 contract is made, the price will be 7000. If the deposit is 10%, as long as you have more than 7,000 funds, you can open more hands (10 ton/hand). When sugar rises to 7500, you will make a profit of 5000 yuan.