1. What is international futures?
International futures refers to futures trading with exchanges established outside Chinese mainland. The products of exchanges in the United States, Britain and Singapore are usually futures contracts. Some futures contract varieties will have an impact on domestic futures price changes, and domestic investors can refer to the international futures market for futures trading.
2. What is domestic futures?
Domestic futures are very simple, that is, futures transactions are conducted in China. All domestic futures transactions are Shanghai Futures Exchange, Zhengzhou Commodity Exchange and Dalian Commodity Exchange.
3. The difference between international futures and domestic futures
(1) Different varieties: there are more international futures than domestic futures, with complete varieties and wide coverage, including foreign exchange futures, precious metal futures, various mini contracts and options.
(2) Different trading hours: domestic futures trading hours are discontinuous, from 9: 00 am to 1 1: 00, from 13: 30 pm to 15: 00, and from 2 1: 00 to 2: 00 am the next day. International futures trading time is continuous, rolling around the world for 24 hours, and the trading time is long.
(3) Different handling fees: the domestic futures handling fee base is high, with taxes and fees, which is a bit poor and has overnight interest. International futures commission base is low, there is no tax, no spread and no overnight interest.
(4) Different account opening institutions: Futures accounts should be opened in regular futures companies registered by China Futures Association. International futures need to be authorized by futures companies supervised by formal international futures industry associations before they can open accounts on domestic agent platforms.
(5) Other operations are different: for example, international futures are not allowed to lock positions while domestic futures are allowed to lock positions; International futures cannot hold multiple orders and empty orders at the same time, but domestic futures markets are allowed to trade.
2. Which is better, domestic futures or foreign futures?
Both domestic futures and foreign futures are futures trading. Relatively speaking, foreign futures may be better.
Domestic futures started late, and the trading system and market environment are behind those of foreign futures, so under the control of policies, there will be forced liquidation from time to time. At the same time, some varieties have no pricing power in China, and the trend will follow the external market to a certain extent, but the existence of the suspension system leads to a higher frequency of gaps. If you do overnight trading, the requirements for stop loss are also higher. Especially friends who like to use indicators should be more careful. The gap will change the indicators.
The peripheral futures system is perfect, the market is transparent, the trading volume is huge, and the market trend is mostly market behavior, without manipulation, and the trend continues. Aside from the extreme market, the K-line of 1 min is relatively coherent, easy to analyze, and the stop-loss and profit-taking points are relatively clear.
In addition, peripheral futures is a market-oriented behavior, and market pricing is mostly influenced by fundamentals, and the trend is coherent, and the effect of fundamental analysis and technical analysis is better. In order to stabilize the price and control the market, domestic futures are often interfered by policy orientation; Moreover, futures with small volume are easy to be controlled by funds, rise and fall at will, the fundamental and technical analysis is weakened, and the operation is difficult.
Of course, both international futures and domestic futures are risky financial investment transactions, so trading futures should be cautious.