For example, for example, there are two orders for corn, that is, two orders for buying open corn, and the market is in a downward trend. The backhand operation is to level the two-handed corn list, and then sell the empty two-handed corn list.
From the results, the positions held by both hands remain unchanged, but the position direction has changed from multiple orders to empty orders.
Futures is a two-way transaction. During the consolidation period, due to your own misjudgment, such as building more, but falling, you immediately close your position and then open a short position. This is called backhand.
Extended data:
The process of customers participating in futures trading:
1. The procedures for futures traders to open an account with a brokerage company include signing a power of attorney, authorizing the brokerage company to buy and sell contracts on their behalf and paying the handling fee. After being authorized, the brokerage company can handle futures trading according to the terms of the contract and the customer's indicators.
2. After receiving the customer's instruction, the broker shall notify the representative of the brokerage company in the exchange.
3. The trading representative of the brokerage company will stamp the received order and send it to the market representative in the trading hall.
4. On-site and off-site representatives input the customer's instructions into the computer for trading.
5. After each transaction is completed, the on-site and off-site representatives shall notify the off-site broker of the transaction record and inform the customer.
6. When the customer requests to close the futures contract, the broker is informed. The broker notifies the trading representative stationed in the exchange by telephone, hedges the futures contract through the on-site and off-site representatives, and closes the futures contract through the trading computer. The broker sends the hedged net profit and loss statement to the customer.
Baidu encyclopedia-two-way transaction
Baidu encyclopedia-selling and opening positions
Baidu encyclopedia-backhand