First, you need an ID card to do everything now, and futures accounts are no exception. Investors need to bring their ID cards to the front desk of the futures company to go through the relevant formalities. In fact, you can also ask a futures broker to help with related business, so that you are his client. In fact, futures companies had better open their own accounts. It is possible that the futures broker will fool everyone into opening some bad futures.
Two, investors to find a futures company, to sign a contract. When signing a contract, investors should observe it carefully. Some futures companies will set some traps for investors, for example, futures companies let investors sign contracts with other companies.
Third, after signing the contract, the futures company will tell you the password of the fund transaction and the password of the software. Explain it in detail here. Use the fund password when the funds in the account enter and exit. The trading password is the password for logging in the trading software. The password of the reading software is generally the password of the reading software of the futures company (some companies download the software without a password, so there is no such password).
Four, after the signing of the contract, the futures company will go to the corresponding bank to handle matters related to the third party entrusted management of funds. You need to bring your ID card, bank card and remember the relevant passwords. After the bank went through the relevant formalities, it was basically completed.
Futures, whose English name is futures, is completely different from spot. Spot is actually a tradable commodity. Futures are mainly not commodities, but standardized tradable contracts based on some popular products such as cotton, soybeans and oil and financial assets such as stocks and bonds. Therefore, the subject matter can be commodities (such as gold, crude oil and agricultural products) or financial instruments.
The delivery date of futures can be one week later, one month later, three months later or even one year later.
A contract or agreement to buy or sell futures is called a futures contract. The place where futures are bought and sold is called the futures market. Investors can invest or speculate in futures.
The initial spot forward transaction is a verbal commitment by both parties to deliver a certain amount of goods at a certain time. Later, with the expansion of the scope of transactions, oral promises were gradually replaced by sales contracts. This kind of contract behavior is becoming more and more complicated, and it needs intermediary guarantee to supervise the timely delivery and payment of goods. So the Royal Exchange, the world's first commodity forward contract exchange, opened in London on 157 1. In order to adapt to the continuous development of commodity economy, improve transportation and storage conditions and provide information for members, 1848, 82 businessmen initiated and organized the Chicago Board of Trade (Board 185 1 Chicago Board of Trade to launch forward contracts; 1865, Chicago Grain Exchange introduced a standardized agreement called "futures contract" to replace the previous long-term contract. This standardized contract allows manual contract trading, and gradually improves the margin system, thus forming a futures market specializing in standardized contract trading, and futures become investors' investment and financial management tools. 1882 exchange allows hedging to be exempted from performance obligations, which increases the liquidity of futures trading.