Futures and spot are completely different. Spot is a real tradable commodity. Futures are mainly not commodities, but standardized tradable contracts based on financial assets such as stocks and bonds. The following is a small series about how to master the meaning and types of futures, welcome to read!

The specific meaning of futures is

Futures is to sign a long-term contract with others to buy and sell goods (or stock index, foreign exchange, interest rate) in order to achieve the purpose of maintaining value or making money.

Specifically, what does futures mean? Futures and spot are completely different. Spot is actually a tradable commodity. Futures are mainly not commodities, but standardized tradable contracts with some bulk products such as cotton, soybeans and oil and financial assets such as stocks and bonds as the targets.

Generally speaking, what does futures mean? Generally speaking, the "period" of futures is time and "goods" is goods. If you want to buy or sell goods in the next few months, make an appointment in advance and make a "list", which is called "contract" in the market, indicating the variety, quantity, price and delivery date.

Retail investors are speculative, so there is no actual "contract". 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. Improper speculation on futures, such as short selling stocks, will lead to financial market turmoil.

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.

Types of futures

The main varieties of commodity futures can be divided into three categories: agricultural futures, metal futures (including base metals and precious metals futures) and energy futures; The main varieties of financial futures can be divided into foreign exchange futures, interest rate futures (including medium and long-term bond futures and short-term interest rate futures) and stock index futures.

Introduction of common futures varieties

1, Shanghai Futures

Varieties include: copper, aluminum, zinc, lead, pulp, rubber, gold, fuel oil, rebar, wire rod, silver, asphalt, asphalt 1906 Ping Jin, hot coil, tin and nickel.

2. Dalian Commodity Exchange

Varieties include: soybean 1, soybean 2, soybean meal, soybean oil, corn, corn starch, polyethylene, palm oil, PVC, coke, coke Ping Jin, coking coal, coking coal Ping Jin, iron ore, eggs, fiberboard, plywood, polypropylene and ethylene glycol.

3 Zhengzhou Commodity Exchange

Varieties include: strong wheat, common wheat, cotton, cotton yarn, apple, sugar, PTA, rapeseed oil, rapeseed, glass, thermal coal, methanol, ferrosilicon, manganese silicon and so on.

4. China Financial Exchange

Varieties include: CSI 300, SSE 50, CSI 500, 2-year treasury bonds, 5-year treasury bonds and 10-year treasury bonds.

At present, there are four futures markets in China, and different markets can trade different varieties.

How much does it cost for a novice to do futures?

Novices can consider investing about 5000- 10000 yuan for futures speculation, and choose some varieties with low margin and relatively gentle market fluctuation, such as corn and soybean meal in agricultural products, and gradually accumulate experience and become familiar with the market. This is a relatively safe way.

The lowest trading unit of futures is the first hand, as long as it meets the margin standard of the first hand, it can participate in the trading of a certain variety. However, we must be clear that if the market fluctuates in an unfavorable direction and the margin in your futures account is insufficient, you may be forced to close your position by the futures company, and the losses caused will be borne by you.

Therefore, we suggest to prepare sufficient funds for futures speculation to resist the losses caused by market fluctuations. Novice operation is recommended to be less than half a warehouse, which is safer. For example, corn futures have a deposit of 2000 yuan, and it is more reasonable to prepare 4000 yuan.

cover cost

The margin of futures varieties varies from 2000 yuan to 20000 yuan. At present, there are eight, nine and ten varieties listed in the domestic futures market. You can choose trading varieties according to your own capital situation.