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① marketing unit.

In stock index futures trading, the trading unit of the contract is expressed by the product of a certain amount of money and the underlying index. In addition, this amount is determined by the contract. Therefore, the futures market only quotes through the points of the underlying index of each contract. For example, the main market index futures contract listed on CBOT stipulates that the trading unit is the product of $250 and the main market index. Therefore, if the main market indexes in the futures market are quoted at 465,438+00 points, it means that the value of a contract is 65,438+002,500 dollars. If the main market index rises by 20 points, it means that the value of a contract has increased by 5000 dollars.

② Minimum variable price

The minimum change price of stock index futures (that is, a scale) is usually expressed by an index point. Such as s& etc.; The minimum change price of P500 index futures is 0.05 index points. Because the value of each index point is $500, the minimum price change is $25 for each contract, which means that the minimum price change in the transaction is $25 for each contract.

③ daily price fluctuation limit

Since the stock market crash in June 5438+0987+00, most exchanges have stipulated daily price fluctuation limits for their listed stock index futures contracts, but the regulations of each exchange are different. This difference lies not only in the scope of restriction, but also in the way of restriction. At the same time, tribal tigers often limit daily price fluctuations according to specific circumstances.

④ Settlement method

Cash settlement is an important feature that distinguishes stock index futures trading from other futures trading. Under the cash settlement method, each open contract will be automatically cancelled on the maturity date. In other words, the trader compares the contract value at the time of transaction and settlement to calculate the profit and loss and make cash settlement.

Give some advice when newcomers do this:

Familiar with the operation, this is the first step, including how to place orders, close positions, stop loss and take profit settings, and various functions of the operating system. Only when you master the tools can you make a profit. Newcomers are prone to make mistakes in their busy work.

② Learn basic terms. Understand some basic trading terms, and be sure to understand them when communicating with others, which will also help you master the basic knowledge.

③ Don't operate blindly. I don't know anything in the early stage. If I am lucky enough to earn a few times, I will be blind and confident and take it lightly. Never make such a mistake. The best way is to find someone who knows and has good skills to teach you and learn from others.

4 study more. It is very important that people who can afford it can buy some books to read. That's what I mean, to do better.

You must learn to stop loss. This is how many novices lose money. I lost money at first, too. Sometimes it seems that the market is tepid. It doesn't matter if you don't stop loss. It will be too late when the market breaks out. This is a bad habit, remember!