Futures trading is developed on the basis of spot trading. By buying and selling standardized futures contracts on the futures exchange, it is very important to master some investment strategies as an organized trading method. So, what are the foreign exchange futures investment strategies? The following small series will give you a brief introduction.

Three major foreign exchange futures investment strategies

First, follow the trend. The most taboo of futures trading is to buy and sell according to your own subjective wishes. Obviously, the market is rising in waves, but it is speculated that it has reached the top of the market and is forced to short; Seeing the trend decline at the first level, I thought it would rebound soon, so I rushed to buy it, and the result was deep. The price rise and fall in the futures market depends on the strength of buyers and sellers in the market, not on personal subjective will. Right or wrong, profit or loss depends on whether our subjectivity is in tune with the general trend.

Second, the enlightenment of breaking through the high and low points of the previous market. Usually, the rules contained in it are: buy when breaking the highest price on the last day, and sell when falling below the lowest price on the last day; If it rises above the highest point last week, it will be purchased. If it is low, it will be shipped at the lowest point last week. If it rises above the top of a month, it is a bull; if it falls below the bottom of a month, it is a bear. The trend of the market is ever-changing, and breaking through the high and low points of the previous market is only used as a reference to determine the direction of trading.

Third, the weight is not heavy. The so-called "valuing power over price" means that buying and selling should focus on the future, not the present! Investing in futures is a trend of looking into the future, not the current price. The concepts of cheap and expensive in the futures market are changing at any time. This movement is eternal in the futures market. In addition, many traders pay too much attention to the price in futures trading operations, and often miss the opportunity because of small losses, which easily leads to going against the market.

Stock index futures investment

First, the volume of transactions decreased, positions decreased and prices rose. This means that the long and short wait-and-see atmosphere is strong, reducing transactions, lightening positions and raising prices. It means that short sellers admit defeat and take the initiative to cover their positions (that is, buy hedging) to push up prices, which leads to price increases in the process of lightening their positions. However, the off-site bulls did not enter the market, and the short-term price went up, but it is likely to fall back soon.

Second, the volume of transactions increased, positions decreased and prices rose. This combination shows that the empty side has taken the initiative to close the position. If it appears at the bottom, it shows a slight increase in price. Because the price has fallen to the bottom, the empty side has a good mentality and many people are worried that it will not be pulled up immediately. If it appears at the top, bears are eager to close their positions and chase the price level, while bulls only passively close their positions at high positions and do not actively suppress their forces, thus showing the characteristics of a sharp rise in prices. At this point, it shows that both short positions and long positions are in a large number of positions, and prices will fall.

Third, the volume of transactions increased, positions increased and prices fell. This means that both long and short positions add positions, but short positions take the initiative to add positions and chase prices to sell. The reason why sellers dare to chase is because they judge that there is still a lot of room for price decline. However, bulls are unwilling to admit defeat and passively add positions at low positions, and prices may fall in the short term. However, if this portfolio is oversold and seriously deviates from the average price in the short term, it will lead to short-term speculators and new multi-party intervention. In addition, some old empty cash will increase in price, and V-shaped reversal is more likely.

Fund's investment in futures

First, the alpha strategy. Alpha strategy refers to holding a bullish stock portfolio and shorting stock index futures to completely hedge the beta risk of the stock portfolio. What is beta risk? It is the fluctuation of individual stocks caused by changes in the overall market. If the overall market is not good and the index falls, then the stock portfolio held will lose money as a whole. If you short stock index futures at the same time, this income can make up for the loss of stock portfolio to some extent.

Second, hedging strategy. This operation method is similar to alpha strategy, but different from alpha strategy, which starts from the dimension of eliminating beta risk, fund managers arbitrage by shorting stock index futures when the market falls sharply to reduce the return of fund net value. If the short position is large, most of the long-term stock funds in the market will lose money, but the net value of this fund can rise against the market.

Third, the trend strategy. Trend strategy is relatively more complicated. Although in many cases he mainly holds stocks, he may also make profits by shorting some stocks while watching more stocks. At the same time, he will also conduct two-way operation of stock index futures, judge that the stock index is going to fall, and he will short the stock index futures, and vice versa. However, due to the lack of securities lending resources and high cost in China, there are few funds that hedge or profit by shorting individual stocks.