(1) After the customer pays the deposit for opening an account in full according to the regulations, the transaction can be started and the order can be entrusted. The so-called placing an order refers to the behavior that the customer sends a trading order to the business personnel of the futures company before each transaction, indicating the type, quantity and price of the contract to be bought and sold. Usually, customers should be familiar with and master the relevant.

Trading instructions, and then choose different futures contracts for specific trading. The contents of the trading instruction include

The variety of futures contracts (usually futures contract codes), trading direction, entrusted quantity, entrusted price,

Effective time, date, customer signature, etc. Novice traders should be familiar with and master relevant information before choosing different futures contracts for specific trading. 1. Composition of transaction code

The transaction code consists of commodity code+year and month. For example, the transaction code of soybean contract due in September 2008 is a0809, and the transaction code of Zhengzhou Commodity Exchange does not add 0 before middle age, such as cotton 2008.

In September 2008, the contract transaction code was cf809.

2. Transaction direction

The trading direction mainly refers to whether the entrustment is long (buy) or short (sell), and whether it is to open or close the position. Generally divided into the following categories

(1) Open or increase positions (long positions). A futures contract in which the trader has not held a position before (nor has it)

Buy but not sell), and now entrust to buy (sell), which is called long position opening (short position opening); If the transaction

The buyer holds a long (short) position in the contract and has not opened the position (selling the buy contract or

Buy-and-sell contracts), which are now entrusted to buy (sell) contracts, are called long (short) Masukura.

(2) long or short. Trading This is a long (short) contract that has already held a contract, that is, it has bought (sold) this contract and is now entrusted to sell (buy), which is called a long (short).

Note that the quantity cannot exceed the position lock. When the same customer entrusts to sell (buy) the same futures contract and holds long (short) positions in the same contract, the customer will hold both long and short positions in the same futures contract.

3. General trading instructions

The commonly used trading orders in the world include market order, limit orders, stop order, cancellation order and arbitrage order. Trading orders stipulated by China's futures exchange mainly include: limit orders and market order.

Cancel orders and arbitrage orders.