Price: During the period in call auction, the first four minutes are the time for investors to declare the price orders of futures contracts. At this time, it is possible to cancel the order, and the last minute is the bidding time, so it is impossible to cancel the order. So you can close your position 5 minutes before the futures open.
Futures, like stocks, are divided into call auction and continuous bidding. Generally, futures trading will bid for pending orders that have not been closed at the last minute, and the price generated by call auction is the opening price.
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There are call auction stocks before the opening, and you can also buy and sell stocks by hanging orders. Some stocks opened higher or lower, which was made by call auction. Before the opening, you can buy stocks by hanging orders. You can only entrust them, but you can't make a deal. You can't withdraw the orders. You can't make a deal until 9.30.
In stock trading, fill in the name, quantity and price of the stock to be bought or sold and submit it to the trading system for trading. This process is called pending order.
Investors can specify the target price according to the current price or forecast market. When the current price reaches the price set by investors, the system will automatically close the position, and this price is the opening price. If it is bought, the current price must be higher than or equal to the specified price. If the purchase falls, the current price should be lower than or equal to the specified price. Unless the customer cancels the order, the limit order will remain valid until the market closes on the same day.
Pending orders may or may not be closed before the opening, which is mainly determined by our pending orders. Call auction is five minutes before the futures open. In call auction, the first four minutes are the time for investors to declare the buying price and selling price of futures contracts. You can cancel the order at this time, and the last minute is the time for bidding, so you can't cancel the order. Therefore, the futures can be closed 5 minutes before the opening.
Futures, like stocks, are divided into call auction and continuous bidding. Generally, futures trading will bid for pending orders that have not been closed at the last minute, and the price generated by call auction is the opening price.
At the same time, it should be noted that during call auction, investors can only use limit orders to declare, and cannot use market price instructions; The call auction time of day-dish varieties (without night-dish) is 8: 55-8: 59, and the call auction time of night-dish varieties is 20: 55-20: 59, and the varieties with night-dish are not call auction; When you are in call auction, you should abide by the principle of giving priority to the maximum volume, price and time.
Futures trading can make life rich and property shrink. Controlling risks and keeping the principal is the first important thing in trading. To do a good job in futures speculation, we must start with futures accounts. Futures account should choose reliable and cheap futures companies.