In essence, stocks belong to wealth management products, while stock index futures are hedging tools. As we all know, stock is a kind of ownership certificate, which represents a certain share of the corresponding company. Buying shares naturally becomes a shareholder of the corresponding company and enjoys the company's operating results and related rights and obligations. However, stock index futures are different. The original intention of stock index futures design is to avoid systemic risks in the stock market and provide investors with hedging tools. Its basic function is to avoid risks.
In the trading system, there are at least four obvious differences between stock index futures and stocks:
(1) Stock index futures adopt margin trading system. Investors do not need to pay the full contract value when trading stock index futures, but only pay a certain proportion of the contract value as a settlement and performance guarantee, which also determines that the margin trading system has a certain amplification effect. In the event of an extreme market, the loss of investors may exceed the principal invested.
(2) Stock index futures trading adopts the debt-free settlement system of the day. After the closing of the trading day, the futures company shall settle the investors' profits and losses and related expenses, and carry forward the actual profits and losses. After the settlement on the same day, if the investor's margin is insufficient, he must take measures such as additional funds or liquidation in time to meet the margin requirements, otherwise he will be forced to liquidate his position. storehouse
(3) Stock index futures contracts have an expiration date and cannot be held indefinitely. Different stock index futures contracts have different expiration dates, so investors must pay attention to the specific expiration date of their contracts when participating in stock index futures trading, so as to decide whether to close their positions in advance or wait for the contract to expire for cash delivery.
(4) Stock index futures have the characteristics of two-way trading, which can be bought first and then sold, or sold first and then bought. In terms of stock trading, there is no short selling mechanism in some countries' stock markets, and short selling is not allowed. You can only buy first and then sell. At this time, stock trading is a one-way transaction.
In this line of work, beginners must learn to analyze trends. This investment is nothing but buying and selling. People who know nothing have a 50% chance of getting it right. Investment is not gambling. If you are gambling, you will eventually lose money, so investing is a long-term financial management process. What we can do is to increase the probability of doing right as much as possible and maximize profits. Then it involves an accurate judgment and grasp of the market.
There are many index fluctuations in the market. Many people ask me what index is the most useful. In fact, every index is useful, inventable, widely circulated and very classic. So the key is what index suits you. Let me talk about my personal habit of watching discs first (personal accuracy rate is 70%-75%, you can add me 8 if you don't believe me? 52? 4? 29? 76? 1 confrontation).
First of all, talk about the main map indicators. My personal habit is to look at the Bollinger Band, which has three lines, the upper rail, the lower rail and the middle rail. Through three lines, an upward channel, a downward channel and a volatile market are formed. Secondly, I am used to watching macd, and I judge the kinetic energy of ups and downs through the dead fork of macd and the heavy volume attached to axis 0. Then there are some shapes to help analyze, such as head and shoulder bottom, head and shoulder top, M shape, W shape and so on. In addition, I personally suggest not to look at too many indicators, there will be contradictions. Hand-only, I hope it will help you and be adopted. thank you