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 standardized contract made by the futures exchange stipulates that a certain quantity and quality of the subject matter will be delivered at a specific time and place in the future.
Futures commission: equivalent to the commission in the stock. For stocks, the expenses of stock trading include stamp duty, commission and transfer fees. Relatively speaking, the cost of engaging in futures trading is only the handling fee. Futures commission refers to the fees paid by futures traders according to a certain proportion of the total contract value after the transaction.
The difference between futures night trading and day trading;
1. Some futures products may fluctuate greatly, mainly precious metal futures and crude oil futures, such as gold, silver, crude oil and other commodities. Foreign transactions are much larger than domestic ones, and domestic nights belong to the daytime in European and American markets. Therefore, at this time, the trade fair will be more active, the fluctuation of precious metal futures will be greater, and there will be more opportunities for profit.
Second, there are fewer varieties of night futures. Only commodity futures are traded at night trading hours, such as stock index futures and treasury bonds futures. There is no night trading time and they can only be traded during the day.
Third, the trading time of night trading is more continuous. During the day, the futures trading hours are 9:00- 1 1:30, and in the afternoon 1:30-3:00, with a break in the middle, while the night trading hours are 2 1- 2:30, which is continuous.
The above are the main differences between day trading and night trading. It should be noted that investors who trade precious metal futures and crude oil futures will have the best risk control, because the fluctuation of the night market will expand.