The so-called placing an order refers to the behavior that the customer sends a trading order to the business personnel of the futures brokerage company before each transaction, indicating the type, quantity and price of the contract to be bought and sold. Usually, customers should be familiar with and master the relevant trading instructions first, and then choose different futures contracts for specific trading.

Introduction to futures, general trading instructions for placing orders

The commonly used trading orders in the world include: market order, limit orders, stop-loss order and cancellation order. There are two kinds of trading orders in China Futures Exchange: limit orders and cancellation orders, and the trading orders are valid on the same day. Before the order is closed, the customer can propose changes or cancellations.

1, market price instruction

The market price list is one of the orders commonly used in futures trading. Refers to the order to close the transaction immediately at the current market price. When issuing this order, the customer does not need to specify a specific price, but requires the representative of the futures brokerage company to close the transaction at the best price that can be executed in the market at that time. This kind of instruction is characterized by high transaction speed and cannot be changed or revoked once it is issued.

2. Limit order

A limit order refers to an order that must be executed at a limited price or better. When placing a price limit order, the customer must indicate the specific price. Its characteristic is that it can close the transaction according to the customer's expected price, and the transaction speed is relatively slow, and sometimes it is impossible to close the transaction.

3. Stop loss instruction

A stop-loss order refers to an order that becomes a market order when the market price reaches the price level expected by customers. By using stop-loss instructions, customers can effectively lock in profits, minimize possible losses and establish new positions with relatively little risk. (China has no such instructions)

4. Cancel the instruction

Cancellation order refers to the customer's request to cancel the order. By executing this instruction, the customer completely cancels the previous instruction, and there is no new instruction to replace the original instruction.

All orders issued by a futures brokerage company to customers must be conducted in a centralized way through the exchange, and no private hedging is allowed, and no profit guarantee or expected annualized expected income can be shared with customers.

Futures introduction, order method

Before the formal transaction, the customer should make a detailed and thorough transaction plan. After that, customers can place orders as planned. Customers can send trading instructions to futures brokerage companies in writing, by telephone or in other ways as stipulated by the China Securities Regulatory Commission. The specific ordering method is as follows:

1, written order

The customer fills in the transaction form in person, signs it and submits it to the trading department of the futures brokerage company. Then the trading department of the futures brokerage company calls the company's market representative in the futures exchange, inputs instructions, and enters the exchange mainframe for trading.

Step 2 order by phone

The customer directly sends the order to the trading department of the futures brokerage company by telephone, and then the trading department informs the market representative to place the order. The futures brokerage company shall record the customer's instructions for future reference. After the activity, the customer should sign the transaction form.

After accepting the customer's instructions, the futures brokerage company shall promptly notify the market representative. The market representative shall timely input the customer's instructions into the computer terminal of the trading seat for bidding trading.