For domestic futures trading, we must first control the position, and then fully understand the trading system, margin system, handling fee system, variety price quotation, daily debt-free settlement system and other systems. Secondly, strictly control positions and fund management, and finally and most importantly, strictly stop losses, and don't take them like stocks.

Extended data:

The futures market is a financial market that trades according to the agreement reached and delivers on the scheduled date. The obvious difference between spot and futures is that the delivery date of futures is in the future, and the conditions of delivery and payment, such as price, quantity, method and place, are stipulated in the spot contract, and both commodities and securities can be traded in the futures market. Although the contract has been signed, the goods bought and sold by both parties may be in transit, may be in production, and may not even be put into production. The seller may or may not have goods or securities.

Risk management of settlement system;

Margin system

The so-called margin system means that according to the regulations of the futures exchange, participants in futures trading must deposit a certain amount of performance bond when conducting futures trading. Performance bond, as a kind of financial guarantee to ensure the performance of the buyer and the seller, is usually 5%- 10% of the total contract price. The margin level is adjusted according to the market transaction risk. When the price fluctuates greatly, a higher margin level is needed, and when the price fluctuates slightly, a lower margin level is needed.

Daily settlement system

The so-called daily settlement system, namely the daily debt-free system and the daily mark-to-market system, means that the settlement department of the exchange first calculates the settlement price of each futures contract on that day after the end of each trading day, and calculates the profit and loss of each member's transaction, so as to adjust the member's margin account, and the profit is credited to the account, and the loss is credited to the account. If the credit limit in the margin account is lower than the maintenance margin level, the Exchange will notify members to pay the margin within the prescribed time limit. You must reach the initial margin level, otherwise you can't participate in the next trading day. This settlement method is also called "marking the market day by day".