2. Shanghai Futures Exchange: 9: 00- 10: 15, 10: 30- 1: 30,13: 30-14: 65433.
3. China Financial Futures Exchange: The normal trading hours are 9: 15-1:30,13: 00-15:15, and the trading time on the delivery day is 9:/kloc.
Futures is a trading method that spans time. By signing the contract, the buyer and the seller agree to deliver the specified quantity of spot at the specified time, price and other trading conditions.
Futures are concentrated in futures exchanges and traded through standardized contracts. Some futures contracts can be traded through over-the-counter trading, which is called over-the-counter contract. According to the types of subject matter, futures can be divided into commodity futures and financial futures.
Transaction characteristics
bidirectional
One of the biggest differences between futures trading and stock market is that futures can be traded in both directions, and futures can be long or short. When the price rises, you can buy low and sell high, and when the price falls, you can sell high and make up low. Going long can make money, and shorting can also make money, so there is no bear market in futures. In a bear market, the stock market will be suppressed, while the futures market will remain unchanged and opportunities will still exist. )
low cost
Futures trading countries do not levy stamp duty and other taxes, and the only cost is the transaction fee. The procedures of the three domestic exchanges are about two ten thousandths or three ten thousandths, plus the additional fees of brokers, and the unilateral handling fee is less than one thousandth of the transaction amount. Low cost is the guarantee of success.
lever action
Leverage principle is the charm of futures investment. Futures market transactions do not need to pay all the funds, and domestic futures transactions only need to pay 5% margin to obtain future trading rights. Due to the use of margin, the original market has been enlarged ten times. Assuming that the daily limit of copper price closes on a certain day (the daily limit in futures is only 3% of the last trading day), the operation is correct. The return on capital is as high as 60%(3%÷5%), which is six times the daily limit of the stock market. (You can make money only if you have the opportunity)
investment risk
Take advantage of use risk
The capital amplification function magnifies both income and risk. Therefore, how to use the lever of 10 times and how much to use it will also vary from person to person.
Strong peace and explosion risk
Exchanges and futures brokerage companies have to settle accounts every trading day. When the investor's margin is insufficient and below the specified proportion, the futures company will forcibly close the position.
Delivery risk
Ordinary investors do not want to buy more soybeans in a few months, nor do they want to sell copper in a few months. If the contract is held until the delivery date, investors need to collect enough funds or goods for delivery (the payment is about 10 times of the deposit).