The characteristics of futures include the following three points: 1 and T+0 trading: intraday trading is unrestricted; 2. Margin system: control 100% of the contract with100% of the contract; 3, long and short mechanism: futures can buy up or down, compared with stocks can only do up, you can see that there are more profit opportunities! 2. What are the characteristics of futures? Futures generally refer to futures contracts. It is a standardized contract made by the futures exchange, which stipulates to deliver a certain number of target commodities at a specific time and place in the future. This topic can be commodities, financial instruments or financial indicators. The buyer of a futures contract is obliged to purchase the subject matter corresponding to the futures contract, if the contract is held until the expiration date; However, if the seller of a futures contract holds the contract until it expires, then the seller is obliged to sell the subject matter corresponding to the futures contract, and the trader of the futures contract can also choose to reverse the transaction before the contract expires to offset this obligation. First, small and wide: stocks are fully traded, that is, you can only buy as many stocks as you have, while futures is a margin system. You only need to pay 5% to 10% of the turnover, 100% to trade. For example, if an investor has 20,000 yuan, he can buy 1000 shares if he buys1000 shares, and he can trade a commodity futures contract of 200,000 yuan if he invests in futures. This kind of transaction is small and wide. Second, two-way trading: stocks are one-way trading, and you can only buy stocks first and then sell them; Futures can be bought or sold first, which is a two-way transaction. Third, there is no time limit: there is no time limit for stock trading. If the quilt cover can hold positions for a long time, the futures must be delivered at maturity, otherwise the exchange will force the liquidation or physical delivery. 4. Actual profit and loss: The return on stock investment has two parts, one is the market price difference, and the other is the dividend. The profit and loss of futures investment is the actual profit and loss in market transactions. Fifth, the risk is huge: futures will have the characteristics of high return and high risk because of the restrictions of margin system, additional margin system and forced liquidation at maturity. In a sense, futures can make you rich overnight, but it may also make you poor instantly. Investors should invest carefully. 6. Trading method: T+ 1 trading of stocks, and the stocks bought on the same day need to be held at least until the second trading day. Futures can be closed on the day of T+0 trading, and the number of transactions is not limited.