1, trading mechanism
Futures crude oil and refined oil: there is a short-selling mechanism, two-way trading can make a profit, and both ups and downs have profit opportunities. T+0 trading system. You can open positions many times on the same day, but there is a delivery date, and you must deliver when it expires, otherwise you will be forced to close your position or deliver things. At the same time, when the margin is insufficient, it will also be forced to close the position.
Spot crude oil and refined oil: there is a short-selling mechanism, two-way trading can make a profit, and both ups and downs have profit opportunities. T+0 trading system. You can open and close positions many times on the same day, without delivery restrictions, and you can hold them indefinitely. However, when the margin is insufficient, it will be forced to close the position.
2. Trading funds
Futures crude oil and refined oil: margin trading with leverage ranging from 8- 12.5 times.
Spot crude oil and refined oil: margin trading, with leverage ranging from 20 to 33.3 times.
3. Trading time
Futures crude oil and refined oil: trading hours are from 9: 00 am to 165438+ 0: 30 pm to1:30 pm to 3:00 pm. Due to the short trading time, it is not in line with the international gold price, and the phenomenon of gap is frequent. Investors can't enter the market in the early stage. It's easy to miss the opportunity to get in and out.
Spot crude oil and refined oil: following the opening hours in Europe and America, it is divided into daylight saving time and winter time. Due to the time difference, the current domestic trading hours are 07:00- 05: 00 the next day, and 05:00-07:00 is the closing time of the exchange. European and American trading hours 165438+ 10 start to follow the winter season, and the opening and closing times are delayed 1 hour. It can enter the market at any time, and the price continuity is superior to futures. The most active trading period is 20:00-02:00.
Step 4 increase the quota
Futures crude oil and refined oil: according to different futures varieties, the increase or decrease is limited to 3%- 15%.
Spot crude oil. Refined oil: no increase limit.
Is the investment in crude oil spot or futures?
Crude oil investment has both spot and futures.
Spot crude oil, American crude oil continuous contract. Spot crude oil is a contract transaction, not a cash delivery transaction, but a transaction based on the principle of capital leverage.
Spot crude oil requires investors to go through the delivery procedures within 1-2 working days after the transaction is completed. However, in the actual investment operation process, many investors do not choose to make actual delivery after the transaction is successful, but close their positions at maturity to earn the difference profit.
Futures trading is a special way of trading. Early futures trading originated in Europe from 1 1 century to14th century and developed in Japan from17th century. The modern futures market originated in the United States in the late19th century.
Futures crude oil trading refers to the trading of futures contracts in futures trading places according to certain rules and regulations.