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Futures is a tradable standardized contract with commodities or financial assets as the target.
Futures contracts are standardized contracts formulated by futures exchanges, which plan to deliver a certain number of subject matter at a specific time and place in the future. Futures contracts can be divided into commodity futures contracts, financial futures contracts and other futures contracts according to different targets.
The characteristics of futures mainly include
Contract standardization: before listing, set uniform trading rules for each futures product, including trading unit, quotation unit, minimum price change, price limit and minimum margin. Each variety corresponds to the contract of different months, delivery date and so on. These are open and fair to every trader who enters the market.
Margin trading: also known as leveraged trading, is the first-hand price of the actual transaction after the trader enters the market. This price is a certain proportion of the actual value of a specific product, generally between 5%- 15%. This system also determines that futures itself is leveraged!
Two-way trading: the biggest difference between futures and other investments is that futures can be done in two directions, that is, in the face of future market changes, it will only rise and not fall. According to the forecast of the future market, you can buy up or down, which is the biggest difference of futures.
Understanding of hedging: Generally speaking, as a natural person trader, he will choose hedging before the variety expires and will not hold the delivery month for delivery. Delivery is generally for bulk commodity spot enterprises, and delivery can only be carried out when there is spot in hand. Delivery needs to be applied to the exchange.
Debt-free settlement on the same day: at the close of each trading day, each contract will have a settlement price, regardless of whether you have a position in hand at this time, the difference will be settled! This profit and loss is called floating profit and loss. The final loss only needs to look at the opening and closing prices!
The difference between futures and stocks:
1, the margin trading method of futures will amplify the function of your stock market funds at least ten times, and you have to trade 1 10,000 yuan to buy a stock; You only need to pay 65,438+00%, that is, 1000 yuan, and you can buy futures of 1 10,000 yuan. So your 1 10,000 fund can be used as110,000 investment.
2. Futures can be short. On the same K-line chart, stocks can only rise to make money. Fading can only wait. Futures can be short when they fall. First sell it at a high price of 10 yuan, and then buy it back at a low price in 5 yuan to earn the same 5 yuan price difference.