Securities are all kinds of property ownership or creditor's rights certificates, which are used to prove that the holders of securities have the right to obtain relevant rights and interests according to the contents contained in the face value. Therefore, the essence of securities is a transaction contract or contract, which gives the contract holder the right to take corresponding actions on the subject matter agreed in the contract and obtain corresponding benefits according to the provisions of the contract.

The essence of securities is a transaction contract, and the main contents of the contract generally include: the subject matter of the transaction between the two parties, the quantity and quality of the subject matter, the price of the subject matter of the transaction, the time and place of the subject matter of the transaction, etc. Of course, if these contents apply to different specific securities, the contents stipulated therein are different. For example, the contents of forward contracts and futures contracts are different.

Futures are the subject matter that is bought and sold now, but will be settled or delivered in the future. That is, you buy future goods at current prices and trade in the future. See if it goes up or down.