2. Close the position: buy and sell, or buy and settle the original new order after selling.
3. Divide positions: Exchange members or customers engage in futures trading in the name of other members or other customers in order to exceed their positions, thus affecting prices, manipulating the market and evading the position limit of the exchange, and their total positions in each seat exceed the position limit of the exchange for this customer or member.
4. Moving positions (dumping positions): Exchange members move positions from one seat to another in order to create market illusion or transfer profits.
5. Performance: the action taken when the call option holder wants to buy the relevant futures contract or when the put option holder wants to sell the relevant futures contract.
6. Gap: the price difference of the grade and grade of the same commodity in different delivery places.
7. Commission: the fee charged by the brokerage company when executing transactions for customers.
8. Position: the number of trading contracts held in the transaction.
9. Long position: bullish buying.
10. Short position: sell bearish.
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12. Good: beneficial to the general trend.
13. Negative: beneficial to the general trend.
14. Trend: the direction of market development.
15.Yincandle: the opening price per unit time is higher than the closing price.
16. Positive candle: the closing price per unit time is higher than the opening price.
17. Gap: Also called gap, there is no trading area for price fluctuation.
18. Basis: the difference between the prices of different or the same varieties in different contracts or markets.
19. Forced liquidation: members or customers of a futures exchange take advantage of their capital to control futures trading positions or monopolize spot commodities that can be delivered, over-position and deliver, force the other party to breach the contract or close the position at an unfavorable price, and deliberately raise or lower the futures market price to reap huge profits. According to the different operation methods, it can be divided into two ways: "more forced air" and "more forced air".
20. Counterattack: the behavior of exchange members or customers who attempt or actually seriously affect futures prices or market positions, deliberately collude, and trade or buy with each other in a pre-agreed way or price to create market illusion.
2 1. Opening positions: The trading behavior of starting to buy or sell futures contracts is called "opening positions" or "establishing trading positions".
22. Close position: buy and sell, or buy and settle the original new order after selling. The behavior of traders in reverse trading in order to close the contract is called "closing the position" or "hedging".
23. Settlement: Calculate and distribute the trading margin, profit and loss, handling fee, delivery loan and other related funds of your members according to the trading results and relevant regulations of the Exchange.
24. Positions: The contracts held by traders are called "positions".
25. Premium: 1) Additional fees paid by commodities above the delivery standard of futures contracts allowed by the exchange. 2) refers to the price relationship between different delivery months of a commodity. When the price of one month is higher than that of another month, we call the month with higher price as the premium of the month with lower price. 3) When the transaction price of a security is higher than the face value of the security, it is also called premium or premium.
26. Delivery: Spot transaction between the seller and the buyer of a futures contract. All exchanges have stipulated the specific steps of spot commodity delivery. Some futures contracts, such as stock index contracts, are delivered in cash.
27. Go long: Buying futures contracts in the belief that prices will rise is called "short selling" or "going long", that is, trading long.
28. Short selling: short selling price, selling futures contracts, called "short selling" or "short selling", that is, short selling transactions.
29. Arbitrage: A trading technique that speculators or hedgers can use, that is, buying spot or futures commodities in one market and selling the same or similar commodities in another market in the hope of making a difference between the two transactions, thus making a profit.
30. Bull market: a market with rising prices.
3 1. Bear market: a market with falling prices.
32. Settlement: refers to the business activities of calculating and distributing members' trading deposits, profits and losses, handling fees, payment for delivery and other related funds according to the trading results and relevant regulations of the Exchange.
33. Document number. : the unique identifier assigned by the system to the entrustment document or transaction document.
34. Fluctuation: A calculation method used to measure price changes over a certain period of time. Usually expressed in percentage points, and calculated by the annual standard deviation of percentage points of daily price changes.
35. Stop trading: the maximum daily price fluctuation range (range) specified by the exchange for each contract.
36. Price difference: the price difference between two related markets or commodities.
37. Pledge: refers to the behavior that a member submits an application and, with the approval of the Exchange, gives the certificate of rights he holds to the Exchange for possession as a guarantee for his performance of the trading margin debt. The pledge of the certificate of rights is limited to the trading deposit, but the losses, expenses, taxes and other funds must be settled in monetary funds.
38. Stop loss: protective measures taken to protect the interests of positions in the opposite direction of market development.
39. jiacang: generally speaking, it refers to an operation method of adding new positions to expand profits under the vitality of the original positions.
40. Lightening positions: generally speaking, it refers to a practice of closing some profits according to market conditions in order to protect profits under the original position dynamics.
4 1. callback: the upward trend has dropped slightly.
42. rebound: imitate the rise in the downward trend.
43. Current quantity: the number of contracts concluded at the latest price.
44. Consolidation: The price fluctuates within a certain range.
45. Support: The low point of upward rebound is called support.
46. Blocking: The high point of downward callback is called blocking.
47. Form: A price range formed by the superposition of multiple supports and obstacles.
48. Breakthrough: Price crossing support and resistance or a certain technical level is generally regarded as a signal to buy or sell.
49. Deviation: When the price and other technical indicators are abnormally matched. There are quantity-price deviation and exponential deviation.
50. Golden Cross: The short-term line crosses the long-term line in the moving average or indicator.
5 1. dead fork: the moving average or indicator crosses the long-term line downward.
52. Option: Also known as option, option transaction is actually a right transaction. This right means that investors can buy or sell a certain number of certain "commodities" from the seller of options at a predetermined price (called the agreed price) at any time within a certain period of time, no matter how the price of the "commodities" changes during this period. Option contracts stipulated the time limit, agreed price, transaction quantity and type, etc. Within the validity period, the buyer can freely choose to exercise the resale right; If you think it is unfavorable, you can give up this right; If the contract expires, the buyer's option will automatically become invalid. Options are divided into call options and put options.
53. Speculator: Market participants who try to make profits by buying and selling futures and options contracts by forecasting future price changes.
54. Chart method: a method of analyzing market behavior and predicting future market price trends by using charts. Technical analysts use charts to calculate the highest price, lowest price, settlement price, average price change, volume and short position. The two basic price charts are bar chart and bitmap.
55. Turnover rate: the comparison of trading volume and positions on that day. The greater the turnover rate, the more active the day's trading.
56. Opening positions: No matter buying or selling orders, as long as it is the volume of new orders entering the market.
57. Transaction amount: No matter whether the bill is paid or sold, as long as it is the transaction amount.
58. Entrusted purchase price: the price that the buyer wanted to buy but failed to make a deal.
59. Consignment price: the price that the seller wanted to sell but failed to close.
60. Bar chart: a graph showing the highest price, lowest price and settlement price of a trading order within a certain period of time.
6 1.k-line chart: also called candle chart. That is, record the opening price, the highest price, the lowest price and the closing price in unit time one by one.
62. Cross star: The opening price and closing price are equal in unit time.
63. Upper shadow line: the connection between the highest price per unit time and the candle body.
64. Lower shadow line: the connection line between the lowest price per unit time and the candle body.
65. Trend line: connect high points or low points in turn.
66. Too many short positions: Market manipulators take advantage of funds or physical objects to sell a large number of futures contracts in the futures market, making their short positions greatly exceed the ability of many parties to undertake physical objects. As a result, the futures market price has fallen sharply, forcing speculative bulls to sell contracts at low prices and admit losses, or be fined for breach of contract because of their financial strength, thus making huge profits.
67. There are many short positions: in some small varieties of futures trading, when market manipulators expect that the spot commodities available for delivery are insufficient, they will build enough long positions in the futures market by virtue of their financial advantages to raise futures prices, and at the same time buy and hoard a large number of physical goods available for delivery, so the prices in the spot market will rise at the same time. In this way, when the contract is close to delivery, the chasing members and customers will either buy back the futures contract at a high price and claim for liquidation; Either buy the spot at a high price for physical delivery, or even be fined for breach of contract for not handing over the physical goods, so that long positions can make huge profits from it.
68. Delivery date: According to the regulations of the Chicago Board of Trade, the delivery date is the third day in the delivery process. The settlement company of the contract buyer must deliver the delivery notice together with the fully confirmed cheque to the settlement company office of the contract seller on the delivery date.
69. Deposit: sometimes called deposit. In margin trading, buyers and sellers only need to pay a small amount of margin to brokers. There are two purposes to pay the deposit: (1) to protect the interests of the brokerage firm. When the customer fails to pay for some reason, the brokerage firm will compensate with the deposit. (2) In order to control the speculative activities of the exchange. In general, the down payment is about 10% of the total contract price. Margin is essentially a sum of money paid by a trader to a commodity clearing house through a broker, without calculating interest, to ensure that the trader has the ability to pay commissions and possible losses. But trading margin is by no means a margin for buying and selling futures.
70. Trading volume: the number of commodity futures contracts bought or sold in a certain period of time. Volume usually refers to the number of contracts traded on each trading day.
7 1. Short position: The total amount of commodity futures or options contracts is neither offset by the opposite futures or options contracts, nor delivered or performed in kind.
72. Price fluctuation: the difference between the closing price of a commodity on the same day and the settlement price yesterday.
73. Weighted quantity: the parameters involved in the exchange's calculation of settlement price.
74. Closing positions: the number of positions closed in each transaction volume.
75. Open positions: the number of newly opened positions in each transaction.
76. Settlement price: the weighted average price of all contracts of a commodity on that day.
77. Total position: the total amount of open contracts. A commodity futures or option contract that is neither offset by the opposite futures or option contract, nor delivered or performed in kind.
78. Volume: refers to the number of commodity futures contracts bought or sold in a certain period of time, usually the number of contracts concluded in a trading day.
79. Support level: It is difficult for the price to fall below a certain price level due to the purchase contract.
80. Resistance level: a certain price level that is difficult for the price to exceed.
8 1. Transaction price: refers to the transaction price of futures contracts.
82. Latest price: the latest transaction price of a commodity.
83. Lowest price: the lowest transaction price of a commodity within a certain period of time.
84. Highest price: the highest transaction price of a commodity within a certain period of time.
85. Closing price: the final transaction price of a commodity on that day.
86. Opening price: the first transaction price of a commodity on that day.
87. Yesterday's closing: refers to the final transaction price of the previous trading day.
88. Transaction list: a list of purchase and sale contracts generated by computer matching.
89. Open contracts: the number of open contracts for a commodity in the market.
90. Orders: orders for the sale of goods entered by market representatives through computer terminals.
9 1. Hat snatcher: A trader who trades only on the same day in order to take advantage of a small short-term contract spread. Such traders rarely keep short positions until the next trading day.
92. Resumption of trading: refers to the resumption of trading of futures and options contracts in the late trading session of the Chicago Board of Trade on the morning of the next trading day.
93. Transaction List: A list sent by the commission bank to customers when their futures or options positions change, including the number of contract transactions, price level, total profit and loss, commission fees and net profit and loss of trading activities.
94. Chain relationship: the ability to buy (sell) contracts on one exchange and then sell (buy) these contracts on another exchange.
95. Market order: a form of trading order. That is, an order to buy (sell) a futures contract in a specific delivery month immediately (as soon as possible) according to the best price in the market at that time.
96. Inverted market: refers to the futures market with abnormal relationship between two delivery months of the same commodity.
97. Real-time market transactions: buying before selling or selling before buying are transactions completed after the market opens on the same day and before the market closes. Also called T+0 trading, short-term trading.