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The process of futures trading
The process of futures trading includes:

1, open an account. After choosing a futures company, customers can prepare to submit entrustment applications and open accounts. The account is registered by the real-name registration system. Futures customers are divided into natural persons and legal person customers. Natural person customers must go through the account opening procedures by themselves and may not entrust others to do so.

2. Place an order. The trading instructions for placing an order include futures trading varieties, quantity, month, trading direction, date and time, price, etc. If the commodity price in the market outlook is bullish, choose to place an order and buy a position; If the commodity price in the market outlook is bearish, choose to sell and press one-way warehouse.

3. Bidding. The trading system will close the transaction according to the priority of the declared price from high to low, and then close the transaction according to the declared time.

4. reconciliation. At the time of settlement, the gains and losses of the trading account shall be cleared and transferred according to the settlement price announced by the futures company.

5. delivery. In futures, there are two trading methods: physical delivery and cash delivery.

Futures trading is an advanced trading method based on spot trading and forward contract trading.