Gold futures are the subject matter of trading now, but they will be settled or delivered in the future. This subject matter can be gold, crude oil, agricultural products, financial instruments, financial indicators and other commodities. 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.

open an account

Generally, investors should open accounts with member brokers of the gold futures exchange and sign risk disclosure and trading account agreements. And authorize brokers to buy and sell contracts and pay deposits on their behalf. After the broker is authorized, he can buy and sell futures according to the terms of the contract and the instructions of the customer.

give instructions

The description includes the variety, quantity, date and the price the customer is willing to pay.

Implementation and result notification

After receiving the customer's trading instructions, the broker quickly transmits the instructions to the futures trading hall. When the order is executed, that is, the sale is successful, the relevant notice will be returned to the broker, and the broker will generally inform the investor of the execution: price, quantity, term and position. Then notify the investor in writing the next day. (The above is the whole content of this article. )