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Who knows the format or requirements of gold futures contracts? How does it compare with spot gold?
Futures contract is the object or subject matter of futures trading, which is uniformly formulated by the futures exchange and provides for the delivery of a certain quantity and quality of goods at a specific time and place. Futures prices are reached through public bidding, which requires a lot of principal investment.

Characteristics of gold futures

1. Gold futures can be sold short.

2. The transaction cost is low.

3. The leverage ratio is higher. That is to say, the margin charged is low.

4. Futures contracts have an expiration date and cannot be held indefinitely.

5. Gold futures are settled without debt on the same day.

Compared with gold futures, spot gold investment is relatively simple. You can open an account directly on the website of an electronic trader, conduct 24-hour online trading, buy up and buy down in two-way operation, and trade in T+0 form without any time limit. I suggest that you can download a free simulated trading software directly, try 24-hour online two-way trading, and then put it into real trading after you are proficient.