Risk of using the first lever

The capital amplification function magnifies both income and risk. Therefore, how to use the lever of 10 times and how much to use it will also vary from person to person. A higher level can use more than five times or even enough leverage. If those with lower levels also use high leverage, it will undoubtedly make the risk out of control.

The second strongest is Pinghe Baocang.

Exchanges and futures brokerage companies have to settle accounts every trading day. When the investor's margin is insufficient and below the specified proportion, the futures company will forcibly close the position. Sometimes, if the market is extreme, there will even be short positions, that is, all the funds in the account are lost, and even the futures company needs to pay the part whose losses exceed the account margin.

Third-party delivery risk

Ordinary investors do not want to buy more soybeans in a few months, nor do they want to sell copper in a few months. If the contract is held until the delivery date, investors need to collect enough funds or goods for delivery (the payment is about 10 times of the deposit).

2. The disadvantages of futures are as follows:

1, seriously short. The introduction of stock index futures is expected to change the previous unilateral market, that is, reduce and avoid unilateral rise. However, because there are no certain restrictions on the short-selling mechanism, this short-selling mechanism will severely suppress the stock spot market in some cases (such as bad), especially shorting the Shanghai and Shenzhen 300 targets, which can produce a herd effect, so that the majority of investors can reduce their positions and cut their meat with the sharp decline of the stock index, so that domestic and foreign institutions can take the opportunity to bargain-hunt, and the fishermen will benefit.

2. Serious violations. Stock index futures trading is closely related to stock market trading, which makes the irregularities in stock index futures trading often involve the stock market, with wide influence and more complicated means. If this phenomenon is not stopped in time, there will be serious unfair transactions. Therefore, in order to maintain fair trade between the spot market and the stock index futures market, foreign stock index futures markets have taken many measures to prevent market manipulation between the two markets. These measures include: first, strengthening market supervision, early detection of various trading behaviors and trading conditions that may distort market prices, and taking various measures against these trading behaviors or trading conditions to ensure the realization of various functions of the market. The second is to strengthen the information sharing and coordinated management between the stock market and the stock index futures market, and also to standardize the settlement system. However, China's stock index futures have not done these two points well, so it is inevitable that they are not standardized.

3. Serious injustice. Mainly refers to the current trading system. At present, both Shanghai Stock Exchange and Shenzhen Stock Exchange adopt the trading mode of "T+ 1". That is, what you bought on the same day will not be sold until the next trading day. However, China's stock index futures implement the "T+0" trading system. In this way, institutions and stock index futures investors will take advantage of this loophole to seriously short the theme of the stock market, while stock market investors will watch others frantically suppress, unable to ship, and suffer serious losses. China's stock index futures have been launched less than 20 days, and everyone has learned this unfairness.

4. Serious speculation. Stock index futures trading includes speculation and hedging, of which the latter is the main trading method. However, due to the above three problems, the speculation of stock index futures in China is very serious at present. Some stock index futures investors can earn hundreds of thousands of yuan with a small amount of investment in one day through leverage. So far, no hedging has been found. Because investors at home and abroad have made good use of all kinds of bad news to short, and gained a lot of benefits, at least in China, there was no mistake.

Three: Futures advantages have the following three points:

1. The futures fair will have sufficient financial support.

2. The capital allocation company does not extract the profit share, and the customer can get enough profit.

3. All the profits of the transaction belong to the investors, of course, all the losses are borne by the investors, and the futures fund-raising company does not bear the trading risks. If there is any loss, it will be deducted from the deposit paid by the investor. When the customer's risk margin loss reaches 70%, it is necessary to lighten the position and take the initiative to stop the loss; The loss reached 75% of the margin, the operation was stopped, and the company forcibly closed its position. Futures fund-raising companies only charge a certain transaction fee, and do not charge any management fees, interest, membership fees and other fees.