If you separate stocks from futures in one sentence: you can only buy stocks that go up and futures that can go down. This shows that futures can operate in multiple directions, stocks can operate in one direction, and futures are relatively better. The main differences between futures and stocks are: the buying and selling directions are different: stocks are bought and sold in one direction; Futures can be bought first and then sold, that is, two-way trading. Similarly, they all have opening prices; Futures can be short, but on the same K-line, stocks can only go up to make money, and they can only go down. When futures fall, you can short them, sell them at a high price of 10 yuan, and then buy them at a low price in 5 yuan, with a difference of 5 yuan. The trading rules are different: futures are all T+0 transactions, and stocks are all T+ 1 transactions. Futures can be closed immediately after buying, and countless round-trip transactions can be made in one day. This increases the trading opportunities. After the stock is bought on the same day, it can no longer be operated. It must wait until the second trading day to sell, and there are more opportunities in the futures market. However, the margin trading system is different: you can buy as many stocks as you have money, and futures is the standard of margin. It only needs to pay 10% or even less of the normal turnover to trade 100%. The futures margin trading method has at least expanded the function of stock funds tenfold. For example, you have to trade 10000 yuan to buy shares of 10000 yuan. You only need to pay 10% or 1000 yuan to buy 10000 yuan futures. Therefore, you can invest 6,543,800 yuan in the utilization rate of funds, so the futures market has the characteristics of high risk and high return. Different types of transactions: futures are easy to analyze and mark as long as there are more than ten varieties. There are more than a thousand kinds of stocks, even thousands. It's hard to see them once, but it's even harder to analyze them. The commodity futures market is easier to grasp than the stock market. There are fewer futures, but there are more than 2000 stocks. Secondly, the rise and fall of commodity prices is a more pure law of supply and demand, not as complicated and changeable as the factors affecting stock prices. The futures delivery system is different: stock trading is not limited by time. If the quilt cover can be held for a long time, it can even be held permanently outside the stock market. Futures must be hedged or understood when they expire, and cannot be held forever. Otherwise, the stock exchange will be forced to close or make physical delivery. Hedging settlement enables investors to complete futures trading without delivery, thus improving the liquidity of the futures market. Different market participants: futures participants are producers and distributors who want to avoid price danger, and speculators who are willing to bear price danger and obtain dangerous profits. Most participants in the stock market are speculators, who are forced to become investors because of their high positions.

Let's talk about the difference between stocks and futures. When we take it apart, "shares" can be understood as "shares" of a listed company. When you buy shares of a company, the company must give you a "ticket". This kind of paper is called stock. As long as you hold this stock, you can enjoy the company's dividends and even attend the shareholders' meeting. Stocks can be bought and sold in the market, and its price will fluctuate with the development expectation of the whole market for this company. Futures is a contract, which is signed by both parties according to their different expectations of the future price of the subject matter. Give me a chestnut: I sell masks, one mask 1 yuan. The second round of epidemic is coming. I expect that the epidemic will be controlled soon and the price of masks will not fluctuate too much. Even if more and more masks are produced, the price will drop. You think masks will be robbed again, and the price will definitely go up, so you signed a contract with me, stipulating that no matter how the price of masks changes in the future, buying masks from me will be 1 yuan. This is actually a futures contract. You bought me a future mask. After the price of masks rose to 2 yuan, I lost 1 yuan for every mask I sold you, and the price of masks dropped to 50 cents, so I earned 50 cents for every mask I sold. It should be noted that the "mask" can be a commodity in the futures market, a stock, an index and so on.