The first-hand handling fee is charged according to a certain proportion of the transaction amount, generally calculated by a few ten thousandths. Take the above issue as an example: silver, copper, thread, rubber and other varieties are charged a handling fee according to the proportional value.

The calculation formula is: transaction price × transaction unit (contract multiplier) × handling fee rate × lots. Taking Shanghai Copper 1908 as an example, the handling fee rate of copper is 0.5 per ten thousand, and the trading unit is 5 tons/lot. If the opening price is 47 140 yuan. The handling fee for first-hand copper is: 47140× 5× 0.00005×1=1.785 yuan.

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. One of the biggest differences between futures trading and stock market is that futures can be traded in both directions, and futures can be long or short.

When the price rises, you can buy low and sell high, and when the price falls, you can sell high and buy low. Going long can make money, and shorting can also make money, so there is no bear market in futures.