Futures and spot are completely different. Spot is actually a tradable commodity. Futures are mainly not commodities, but standardized tradable contracts with certain mass products such as cotton, soybeans and oil and financial assets such as stocks and bonds as the targets. Therefore, the subject matter can be commodities (such as gold, crude oil and agricultural products) or financial instruments.

The delivery date of futures can be one week later, one month later, three months later or even one year later.

A contract or agreement to buy or sell futures is called a futures contract. The place where futures are bought and sold is called the futures market. Investors can invest or speculate in futures.

"Spread": the minimum floating unit. When the exchange rate changes, the difference between points is the "spread". For example, when USD/JPY changes from 120.00 to 12 1.00,1.00-120.00 =1.00 JPY. When GBPUSD changes from 1.0000 to 0.9800, the price difference is 200 points (this conversion of 0.000 1 USD corresponds to 1 point, depending on several significant figures after the decimal point).

The spread of futures trading

Take our common foreign futures crude oil as an example. The minimum number of lots a trader trades is 65,438+0 contracts, with a spread of only $0.05 and a spread of only $50 for a standard lot.

The spread of gold trading

At present, the spread of spot gold is 0.5 US dollars/ounce, so the calculation method of gold spread is 0.5 US dollars/ounce multiplied by the quantity of one hand, and the spot gold in one hand is 100 ounce, so the spread of gold is 0.5 US dollars/ounce * 100 ounce, which is equal to 50 US dollars.