open an account
Generally, investors should open accounts with member brokers of the gold futures exchange and sign risk disclosure and trading account agreements. And authorize brokers to buy and sell contracts and pay deposits on their behalf. After the broker is authorized, he can buy and sell futures according to the terms of the contract and the instructions of the customer.
give instructions
The description includes the variety, quantity, date and the price the customer is willing to pay.
Implementation and result notification
After receiving the customer's trading instructions, the broker quickly transmits the instructions to the futures trading hall. When the order is executed, that is, the transaction is successful, the relevant notice will be returned to the broker. General brokers will inform investors of the implementation: price, quantity, term and position, and then notify investors in writing the next day.