2. Handling fee. For intraday trading, your handling fee is stable, and your handling fee is a huge expense every day. This will undoubtedly increase your profit pressure.
3. The scale of funds. When you make a list, it may be okay to do ultra-short lines. But what if you play 100 hands? Maybe you only have the first 50 hands to enter the market at your own imagined price, and you have to eat the remaining 50 hands at a higher price. Because you have a lot of money, you have eaten all your opponent's plates. What you do is ultra-short-term, and your trading level is very low, so as long as you enter and exit, your sliding point cost will affect your trading results.
Brief introduction to futures history:
1. The initial spot forward transaction is a verbal commitment by both parties to deliver a certain amount of goods at a certain time. Later, with the expansion of the scope of transactions, oral promises were gradually replaced by sales contracts. This kind of contract behavior is becoming more and more complicated, and it needs intermediary guarantee to supervise the timely delivery and payment of goods, so 157 1 opened the world's first commodity forward contract exchange in London-Royal Exchange. In order to adapt to the continuous development of commodity economy, improve transportation and storage conditions and provide information for members, 1848, 82 businessmen initiated and organized the Chicago Board of Trade (Board 185 1 Chicago Board of Trade to launch forward contracts; 1865, Chicago Grain Exchange introduced a standardized agreement called "futures contract" to replace the previous long-term contract. This standardized contract allows manual contract trading, and gradually improves the margin system, thus forming a futures market specializing in standardized contract trading, and futures become investors' investment and financial management tools. 1882 exchange allows hedging to be exempted from performance obligations, which increases the liquidity of futures trading.
2. The background of China futures market is the reform of grain circulation system. With the cancellation of the policy of unified purchase and marketing of agricultural products and the liberalization of most agricultural products prices, the market is playing an increasingly important role in regulating the production, circulation and consumption of agricultural products. The ups and downs of agricultural products prices, the undisclosed and distorted spot prices, the ups and downs of agricultural production, and the lack of value-preserving mechanism of grain enterprises have attracted the attention of leaders and scholars. Whether we can establish a mechanism that can not only provide price signals to guide future production and business activities, but also prevent market risks caused by price fluctuations has become the focus of attention. [2]