1: If one dollar is exchanged for two francs at present, then 1 10,000 dollars can be exchanged for two million francs. Three months later, if the dollar falls, now one dollar can only be exchanged for 1.5 francs, so the obvious exporters are less than 500,000 francs. So how to avoid it? The exporter then shorted $6,543,800+0,000 against the franc in the futures market (that is, shorted $6,543,800+0,000 and paid with 2 million francs). Three months later, the dollar in the futures market fell, and the same $ 654.38+0 could only be exchanged for 654.38+0.5 francs. Because the exporter is short, he has shorted $654.38+. The loss in front was 500,000, and the futures market earned 500,000, which just offset it.

2. In the same way.

Futures speculation is very similar to the stock market, but there are also obvious differences.

First, large-cap stocks are traded in full, that is, you can only buy as many shares as you have, while the futures system is a margin system, that is, you only need to pay 5% to 10% of the turnover to trade 100%. For example, if an investor has 1 10,000 yuan, he can only buy shares of 1 10,000 yuan. If he invests in futures, the margin of 10%, he can sign (buy or sell) a commodity futures contract of 65,438+10,000 yuan, that is, he can bet small and win small to save money.

Second, the two-way trading of stocks is one-way. Only by buying stocks first can you sell them. Futures can be bought first and then sold, which is a two-way transaction, and bear market can also make money.

Three, futures trading is generally a commodity, the fundamentals are relatively transparent, the number of contracts (buying and selling) is theoretically infinite, the trend is relatively stable, and it is not easy to manipulate. The number of stocks is limited, the fundamentals are opaque, and it is easy to be manipulated by bad bookmakers.

Four, the futures price is relatively small, generally 3%-6%. When the board stops trading three times in a row in one direction, the exchange can arrange for customers who want to stop losses to close their positions. The range of the stock price limit is 10%, and there are times when the daily limit can't come out for several consecutive times.

5. Due to the restrictions of margin system, additional margin system and forced liquidation at maturity, futures are characterized by high returns and high risks. If Man Cang operates, futures can make you rich overnight, or you may lose all your money in an instant (short position), so the risk is great, but it is controllable. Investors should invest carefully and remember not to operate in Man Cang. There is basically no loss in doing stocks.

6. Futures is T+0 trading, and it can be traded several times a day. You can close the position immediately after opening the position. The handling fee is lower than that of stocks (about 1/10,000 to 5/10,000, and generally there is no handling fee for closing positions on the same day). Shares are traded at T+ 1 and can only be sold on the second trading day. The transaction cost is about eight thousandths of the turnover.