The futures market is not necessarily an external market, it can be a domestic market or an external market. Peripheral market refers to the international market of futures trading market, such as the New York Mercantile Exchange and London International Metal Exchange (COMEX). The domestic futures market refers to the domestic futures trading market, such as Shanghai Futures Exchange and Dalian Commodity Exchange.

The external market is usually a large international futures exchange, with a wide variety of trading products and rich trading tools, attracting a large number of futures investors from all over the world. Although the domestic futures market is relatively small, it also provides a wealth of varieties and tools, attracting more and more investors.

Through external futures trading, investors can get more trading opportunities, but they also face higher risks and greater fluctuations. The domestic futures market is closer to the actual situation in China and easier for investors to understand and master. Whether it is the external market or the domestic futures market, investors need to carry out adequate risk management and fund management when conducting futures trading to ensure risk control and fund safety.