The unit of turnover in the futures market is RMB or "yuan".
The first step in investing in futures is to choose a futures company. Once you have chosen the right brokerage company, the next step is to open a futures trading account.
The so-called futures trading account refers to the fund credit account opened by futures traders for trading performance guarantee. Opening an account is very simple, and the brokerage company will enthusiastically provide relevant help.
First of all, you will read a futures risk disclosure book (the risk disclosure book is unified and standardized throughout the country), and sign your name after fully understanding the contents of the disclosure book.
The second is to sign an entrustment agreement with the futures brokerage company, clearly stipulating the rights and obligations between the futures brokerage company and its customers. You should read the agreement carefully and make some special agreements with the futures brokerage company according to your own situation.
Third, fill in the "futures trading registration form" and fill in some of your basic information on the form. This form will be submitted by the brokerage company to the exchange to open a unique futures trading code for you.
After the above procedures are completed, the futures brokerage company will prepare a futures trading account for you, fill in the "account card" and give it to you. In this way, the account opening work is completed. What you need to remember is the futures trading account number and futures trading code, which you need in futures trading.
In futures trading, time is the key factor to determine the success or failure of trading. In many futures markets, prices change frequently in one day. Therefore, customers must issue trading orders at the right price to succeed. Mastering how to execute trading orders at reasonable and favorable prices is an important part of the success of futures trading.
The customer fills in the trading instruction, and indicates the customer's name, trading account number, trading commodity name, contract expiration month, buying or selling quantity, trading price, execution method, order placing date and customer's signature in writing on the entrustment instruction.
After you give instructions to the broker, the broker will call the on-site and off-site representatives of the futures exchange.
On-site and off-site representatives of securities firms stationed in the exchange immediately input entrustment instructions into the trading system of the exchange to participate in centralized bidding transactions of the exchange.
After executing the entrustment, the on-site trading terminal will immediately display the trading results, and the market representative will call the applicant, who will then inform you. In the international futures market, there are many kinds of futures trading orders with different functions, while the domestic futures market only allows two kinds of trading orders: limit orders and cancellation orders.
The technical analysis method of futures is to predict the changing direction of market price through the analysis of market behavior itself, that is, to analyze the daily trading state, chart or index of futures market.