The varieties of futures trading are mainly divided into commodity futures, financial futures and option futures.
Commodity futures include:
(1) Agricultural futures: Agricultural products are the earliest commodities that constitute futures trading. include
1, grain futures, mainly wheat futures, corn futures, soybean futures, soybean meal futures, red bean futures, rice futures, peanut futures and so on;
2 cash crop futures, including raw sugar, coffee, cocoa, orange juice, palm oil and rapeseed futures;
3. Livestock products futures, mainly including meat products and fur products;
4. Forest products futures, mainly timber futures and natural rubber futures.
(2) Nonferrous metal futures
At present, there are 10 kinds of non-ferrous metals listed and traded in the international futures market, namely copper, aluminum, lead, zinc, tin, nickel, palladium, platinum, gold and silver. Among them, gold, silver, platinum, palladium and other futures because of their value
Gao is also called precious metal futures.
(3) Energy futures
Energy futures started at 1978. As a new commodity futures product, its trading is extremely active and its trading volume has been growing rapidly. Currently second only to agricultural products futures and interest rate futures, exceeding
Metal futures is an important part of the international futures market.
Financial futures and futures options
The so-called financial futures refers to futures contracts with financial instruments as the subject matter.
(1) Main types of financial futures
1, foreign exchange futures
At present, forex futures trading's main products are: US dollar, Japanese yen, euro, German mark, Swiss franc, Canadian dollar and Australian dollar. The main markets for foreign exchange futures are the United States and Europe.
. 2. Interest rate futures
There are many kinds of interest rate futures. It can be divided into short-term interest rate futures and long-term interest rate futures according to the term; According to the debt certificate, it can be divided into short-term treasury bills futures, medium-and long-term treasury bills futures and European dollar time deposits.
Futures. Trading is mainly concentrated in the Chicago Board of Trade and the Chicago Mercantile Exchange.
3. Stock index futures
Stock index futures refer to financial futures contracts with stock price index as the subject matter. In a specific transaction, the value of the stock index futures contract is multiplied by the number of points in the index and the unit gold specified in advance.
The amount to be calculated. For example, the standard O 'Poole index stipulates that each point represents $500, and the Hang Seng Index in Hong Kong represents $50. Stock index contract trading generally takes March, June, September and 65438+February as the cycle.
Month; There are also transactions that are made every month of the year. Settlement is usually based on the closing index of the last trading day.
(2) Futures options
1. Futures options refer to options of futures contracts. It refers to the option that investors pay a certain royalty in the futures market and buy (or sell) futures contracts in a certain period of time in the future. At this price
Option holders must cash (or give up) the option when it is beneficial (or unfavorable) to the change of their positions.
2. Option trading can be used for hedging, arbitrage and speculation.
For ordinary investors, call option trading provides an excellent tool, which can make considerable profits with limited risks (just hope for royalties). But this kind of investment requires higher mathematics.
Basic skills and accurate calculation.
3. If traders hedge or invest in the futures market, they will use the futures period together.