1. Speculation is an indispensable part of the futures market, and its economic functions mainly include the following points: taking price risks. Futures speculators bear the risks that hedgers try to avoid and transfer, which makes hedging possible. Improve market liquidity. Speculators frequently open positions and hedge contracts, which increases the trading volume in the futures market. Even if hedging transactions are easy to clinch, it can also reduce the price fluctuations that traders may cause when they enter and leave the market. Keep the price system stable. Commodity prices in various futures markets are highly correlated with the prices of different commodities. The participation of speculators promotes the price adjustment of related markets and related commodities, which is conducive to improving the unreasonable price situation in different regions, improving the supply and demand structure of commodities in different periods, and making commodity prices more reasonable; It is also conducive to adjusting the price ratio of a commodity to related commodities, making it more rational, thus maintaining the stability of the price system. Form a reasonable price level. Speculators buy futures at a low price, increase demand and lead to price increase, and sell futures at a higher price level, reducing demand, thus stabilizing prices and stabilizing price fluctuations, thus forming a reasonable price level. In the futures software, there is a speculative ranking of the main contracts. The speculation of the main contract refers to the value obtained by dividing the volume of the day by the position. The higher the value, the more intraday trading times, which is suitable for intraday short-term trading.
2. Futures speculation: refers to the futures trading behavior in the futures market for the purpose of obtaining differential income. Speculators play a vital role in futures trading, which not only improves the liquidity of the market, but more importantly, speculators can absorb the risks that hedgers hate and become the undertakers of price risks. Therefore, to correctly understand the operating mechanism and economic function of the futures market, we must correctly understand and understand futures speculation. Speculation is an indispensable part of the futures market. Its economic functions mainly include: taking price risks. Futures speculators bear the risks that hedgers try to avoid and transfer, thus making hedging possible. Improve market liquidity. Speculators often set up positions to hedge their contracts, thus increasing the trading volume in the futures market. Even if the hedging transaction is easy to realize, it can reduce the price fluctuation that may be caused when traders enter and leave the market. Keep the price system stable. The commodity prices in each futures market are highly correlated with the prices of different commodities.