The inner disk is active selling. If the data in the inner disk is greater than that in the outer disk, it means that the seller is strong and the futures contract may fall.
The outer disk is an active buying disk. If the external data is greater than the internal data, it means that the buyer is strong and the futures contract may rise.
In the futures market, each column will display the declaration information of the corresponding variety. Investors can check the buying and selling prices at the opening of the futures market, and the number of transactions will be counted as selling or buying. For example:
When the declared selling price of a month's corn contract is 460 1 yuan/ton and the declared buying price is 4600 yuan/ton, if the seller changes the price to 4600 yuan/ton at this time, it will be included in the outer disk, because the transaction price at this time is the buyer's price; However, if the buyer modifies the price, the transaction will be made at the seller's price of 460 1 yuan/ton, so it will be included in the inner disk after the transaction. The number of internal disks plus the number of external disks is the total turnover.
External disk: orders with entrusted selling price, that is, the number of transactions in which the buyer voluntarily places an order to buy futures contracts at a price higher than or equal to the current selling price of one, two and three, is displayed in red. The transaction price is the entrusted selling price, indicating that buying is more active;
Inner plate: the order of entrusted purchase price, that is, the number of transactions in which the seller voluntarily places an order to sell futures contracts at a price lower than or equal to the current price of one, two or three, which is displayed in green. The transaction price is the entrusted purchase price, indicating that the selling is more enthusiastic.
Futures Committee:
Equivalent to the commission in the stock. For stocks, the expenses of stock trading include stamp duty, commission and transfer fees. Relatively speaking, the cost of engaging in futures trading is only the handling fee. Futures commission refers to the fees paid by futures traders according to a certain proportion of the total contract value after the transaction.
Futures settlement:
Refers to the settlement of the trading profits and losses of both parties according to the settlement price announced by the futures exchange.
Futures delivery:
It refers to the process that when a futures contract expires, according to the rules and procedures of the futures exchange, both parties to the transaction close the contract at the end of the period by transferring the ownership of the goods contained in the futures contract.
The main characteristics of futures:
The commodity variety, trading unit, contract month, margin, quantity, quality, grade, delivery time and delivery place of futures contracts are all established and standardized, and the only variable is price. The standards of futures contracts are usually designed by futures exchanges and listed by national regulatory agencies.
Futures contracts are concluded under the organization of futures exchanges and have legal effect. Prices are generated through public bidding in the trading hall of the exchanges. Most foreign countries adopt public bidding, while our country adopts computer trading.
The performance of futures contracts is guaranteed by the exchange, and private transactions are not allowed.
Futures contracts can fulfill or cancel their contractual obligations through the settlement of spot or hedging transactions.