Delivery is the transfer of goods between the contract seller and the contract buyer. Spot crude oil has no delivery date and is bought and sold in real time. The delivery date of futures is stipulated by the exchange, and different futures varieties have different delivery dates.

Crude oil refers to underground oil that has not been refined, and spot crude oil is an electronic transaction. Trading through electronic platforms can buy up and down, which is more flexible; Leveraged proportional margin trading, small investment does not need the full amount; 24-hour trading, stop loss and take profit can be set. Two-way choice of trading, grasp the right direction to make money.

Margin: In margin trading, buyers and sellers only need to pay a small amount of margin to brokers. There are two purposes for paying the deposit:

(1) Protect the interests of the brokerage firm. When the customer fails to pay for some reason, the brokerage firm will compensate with the deposit.

(2) In order to control the speculative activities of the exchange. In general, the down payment is about 10% of the total contract price. Margin is essentially a sum of money paid by a trader to a commodity clearing house through a broker, without calculating interest, to ensure that the trader has the ability to pay commissions and possible losses. But trading margin is by no means a margin for buying and selling futures.

4. Occupancy deposit: Take 500 barrels of crude oil of Fjord Oil as an example, the leverage ratio of Fjord Oil is 3%, and the spot price of 500 barrels of crude oil is150,000 yuan. According to the trading rules, investors need to pay a deposit of 4500 yuan to trade 500 barrels of fjord oil, which is also called occupation deposit.

5. Short position: The standard concept is that the account equity is negative, which means that the deposit is not only completely lost, but also owed. Under normal circumstances, under the daily liquidation system and the compulsory liquidation system, there will be no explosion of positions. However, in some special circumstances, such as when there is a gap change in the market, accounts with more reverse positions are likely to explode. (However, in China, the short position often just means that the margin is insufficient and the position is automatically closed by the system. In the standard concept, the situation of negative account equity is called "through positions" in the industry. This kind of situation rarely happens under the current computer technology ability. )

6. Handling fee: This is the transaction fee paid by the investor in each transaction, which is automatically deducted according to a certain proportion according to the current price of the investment target. The handling fee standard of Xihui is 0. 14% in both directions.

7. Spread: It can be understood as the transaction service fee charged by each exchange to all investors.

8. Deferred charges: Deferred charges are in the external market, and similar charges, called warehouse interest or overnight charges, are generally understood as price means to encourage intraday trading. Like the outer disk, the delay fee of the inner disk is automatically calculated and deducted according to a certain proportion according to the daily settlement price.

9. Position: Position refers to the amount of funds owned or borrowed by investors. Position is a market agreement, which promises to buy and sell the initial position of the standard contract. The buyer of the standard contract is long and expected to rise; Sell the standard contract as an empty position, and the empty position is in the expected position.

10. Buy more: a transaction that can make a profit when the contract price rises by buying a standard contract, commonly known as buy more.

1 1. Short selling: a transaction that can only make a profit when the contract price falls, commonly known as short selling.

12. Closing position: refers to the behavior of spot traders to buy or sell spot contracts of the same variety and quantity but with opposite trading directions and end spot trading. Simply put, it means "sell what they originally bought and buy what they originally sold (short)."

13. Leverage: Leverage trading is also called false trading and deposit (margin) trading. That is, investors use their own funds as a guarantee to enlarge the financing provided by banks or brokers for spot trading, that is, to enlarge the trading funds of investors. The financing ratio is generally determined by banks or brokers. The greater the financing ratio, the less money customers need to pay.