I will answer your question in three steps:

First, futures contract margin: Margin is a common risk control method in futures trading. Assume that the gold price is 100 Yuan/gram, 9% margin, gold TD trades at least 1000g, at this time you will be frozen 9000 yuan of margin in the account, in addition, the price limit of gold futures is 7% within the day, after ten times leverage to your margin here The maximum increase or decrease is 70%. If I lose 70% at this time, the margin will be 2700. However, the gold price at this time is still 93/yuan/g. Assuming that you buy one-hand futures at this time, the required margin is 8370. , after comparison, you will find that the remaining funds you hold are obviously unable to guarantee the demand for 8370.

Second, the margin in the account: Here is the key point. Generally, for futures trading, the exchange will evaluate the security status of your account. Although 100 grams of gold only requires 9% margin, but at the same time he will require the remaining funds in your account to be at least 7% of the futures you purchased, and give you an account of 1000*100*0.07=7000,7002700=9700,9700>8370, which satisfies gold trading. According to the risk control needs of the exchange, you can buy at this time, but if you continue to lose 70% the next day and do not continue to add funds to your account, then your account will be forced to be liquidated at this time, and you will not be able to do the same as the stock market. When it continues to pull back, it can only force losses.

Third, your gold trading account has failed the transaction qualification review, so you cannot trade.

If you have any other questions, you can continue to ask me, because I play this.

Thanks!