The first is that the objects of the transaction are different. The object of spot trading is physical objects; The object of futures trading is the standardized contract formulated by the exchange. The quantity and quality of goods, margin ratio, delivery place, delivery method and trading method in futures contracts are all standardized, and only the price in futures contracts is a free price formed through market bidding. The second is that the purpose of the transaction is different. In spot trading, the buyer is to obtain goods; The seller is to sell the goods and realize their value. The purpose of futures trading is to transfer price risk or profit from speculation. When you first start trading futures, some ideas may come to your mind? What should I do if I buy a commodity contract but don't need it? Actually, there is nothing to worry about. Most traders, like you, close their positions before the contract expires. All futures transactions with less than 1% need to fulfill the delivery obligation. Remember: less than 1% of futures contracts need physical delivery, and most contracts are hedged before delivery. The ultimate goal of futures trading is not the transfer of commodity ownership, which is different from the buying and selling in the spot market. In the futures market, the biggest headache for futures traders is that a truck of soybeans is delivered to the door. The third is the different transaction procedures. In spot trading, the seller can only sell the goods, and the buyer can only buy them by paying cash. This is the trading procedure of spot trading. Futures trading can reverse the procedure of spot trading, that is, you can sell without goods and buy without goods. Investors who have just entered the futures market often ask: how do I sell what I don't have? To understand why, please remember the definition of futures contract. A futures contract is an agreement to buy and sell a specific quantity and quality of goods at a certain time in the future, rather than actually buying and selling physical goods. Therefore, selling a futures contract means signing an agreement to deliver the subject matter at some time in the future. Doing stocks, trading and real estate investment can only be bought first and then sold, which is a one-way street and forms people's habitual thinking mode. Futures trading is two-way, you can buy first and then sell, or you can sell first and then buy. Therefore, futures trading is very flexible and there are many opportunities. For traders, futures trading is to control the full value of futures contracts with a small amount of funds, which is the leverage of the futures trading margin system, which is also one of the reasons why the futures market attracts speculators. Of course, the margin system not only magnifies the profit ratio, but also magnifies the risk. The fifth is the difference in trading methods. Spot trading is the trading activity of actual goods. The transaction process is synchronized with the transfer of commodity ownership. However, futures trading is based on various commodity futures contracts. No matter how many times it is bought and sold, only the last holder has the obligation to perform physical delivery. Most traders only need to reverse the transaction before the contract expires, settle the original transaction and settle the bid-ask difference. In addition, spot trading activities can be carried out anytime and anywhere, and the content that is easy to be stolen is agreed by both parties through consultation, which has strong flexibility. However, futures trading must be conducted openly, fairly and justly in a standardized market according to law. In the transaction, the buyer and the seller do not meet, and there is no personal relationship between them.