1, securities trading.

Margin trading, also known as leveraged trading. Don't change color when you hear the bar. In fact, leverage is not that terrible. Proper use of leverage can also improve the utilization rate of funds, that is to say, borrowing other people's money to do your own thing. The same principle applies to margin trading.

There was no responsibility system that day.

Anyone who has done stock trading knows that as long as I don't cut the meat, I won't lose money and the money won't be drawn away in real time. As long as the company is still there, you can keep it.

3.T+0 trading

Unlike stocks, futures are T+0 transactions. Open positions on the same day and close positions on the same day, which can be operated countless times a day. This is not the same as stocks. After all, the domestic stock is now T+ 1, and it must be bought on the second trading day to close the position.

4. Buy low and sell high

Any investment is to buy low and sell high to earn the difference. Only when you can earn the difference can you make a profit. This is true of any industry and any enterprise.

5. Futures contracts are time-limited.

Many people are puzzled when they open dishes at first, because a variety will be followed by a number.

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.

main feature

The commodity variety, trading unit, contract month, margin, quantity, quality, grade, delivery time and delivery place of futures contracts are all established and standardized, and the only variable is price. The standards of futures contracts are usually designed by futures exchanges and listed by national regulatory agencies.

Futures contracts are concluded under the organization of futures exchanges and have legal effect. Prices are generated through public bidding in the trading hall of the exchanges. Most foreign countries adopt public bidding, while our country adopts computer trading.

The performance of futures contracts is guaranteed by the exchange, and private transactions are not allowed.

Futures contracts can fulfill or cancel their contractual obligations through the settlement of spot or hedging transactions.

condition

Minimum fluctuation price: refers to the minimum fluctuation range of the unit price of futures contracts.

Maximum fluctuation limit of daily price: (also known as price limit) means that the trading price of futures contracts shall not be higher or lower than the prescribed price limit within a trading day, and the quotation exceeding this price limit will be deemed invalid and cannot be traded.

Delivery month of futures contract: refers to the delivery month stipulated in the contract.

Last trading day: refers to the last trading day when a futures contract is traded in the contract delivery month.

Futures contract trading unit "hand": Futures trading must be carried out in an integer multiple of "hand", and the number of commodities contracted in each hand of different trading varieties should be specified in the futures contract of that variety.

Transaction price of futures contract: it is the value-added tax price of benchmark delivery goods of futures contract delivered in benchmark delivery warehouse. Contract transaction prices include opening price, closing price and settlement price.

If the buyer of a futures contract holds the contract until the expiration date, he is obliged to purchase the subject matter corresponding to the futures contract; If the seller of a futures contract holds the contract until it expires, he is obliged to sell the subject matter corresponding to the futures contract (some futures contracts do not make physical delivery when they expire, but settle the difference, for example, the expiration of stock index futures means that the open futures contract is finally settled according to a certain average value of the spot index.