Futures trading rules
The core trading rules of futures mainly include the following five aspects:
1. Futures can be traded in both directions. The stock market can only be long and not short, futures can be long and short, and there is a chance to gain income from price rise and fall.
2. Futures adopt T+0 trading mechanism. China's stocks adopt the T+ 1 mechanism, that is, the stocks bought on the same day can only be sold the next day at the earliest, while futures are T+0, which can be sold at any time when bought on the same day.
3. Futures is a margin trading system. Stocks are completely traded, so you can only buy as many stocks as you have money, while futures are margin trading, which can enlarge the trading volume by 10 times, and at this time, the risks and benefits will be enlarged. Investors can buy and sell futures with a value of 1 10,000 with only 1 10,000. If the futures price fluctuates 10%, investors can make a profit 100%.
4. Futures adopt the compulsory liquidation system. If the trading risk of a customer's position exceeds a certain value (such as 160%), the futures company will ask the customer to add margin. If the margin is not added within the specified time, the futures company has the right to forcibly close the position held by the customer, and all the trading profits and losses arising therefrom shall be borne by the customer.
5. Futures maturity delivery system. Futures contracts have the concept of the last trading day, and individual traders must close their positions before the last trading day of the contract. If the enterprise traders are qualified for delivery, they can continue to hold positions until the delivery date of goods and make physical delivery.
Note: According to the provisions of the Shanghai and Shenzhen 300 stock index futures contracts, the trading time is "9: 25 am-1:30, afternoon 13: 00- 15: 00", and the last trading day is "9: 25 am-65400".