1. The daily trading hours of domestic futures are Monday to Friday at 9: 00-1:30,10:15-10: 30, and the night trading hours are 2/kloc-0.
2. Futures can be traded in both directions. In other words, futures can be bought long, or sold short, and there is a chance that prices will rise and fall. It is particularly important to note that buying more corresponds to selling flat, and short selling corresponds to buying flat. For example, if you want to close your position, you should choose to buy flat rather than sell flat.
3. Futures adopt T+0 trading mechanism. It can be bought and sold frequently in one day, and it is not limited by buying and selling time, which is of great benefit to intra-day ultra-short-term technology trading.
4. Futures are traded through margin leverage. The leverage of futures is usually 7- 10 times, and the turnover can be amplified by 7- 10 times through investment margin, which will amplify both risks and returns, increasing the risk of principal loss and short positions.
5. Futures adopt the compulsory liquidation rule. Because futures are margin trading, once the loss exceeds the compulsory liquidation line set by the futures company, the futures company will ask customers to add margin. If the margin is not added within the specified time, the futures company has the right to liquidate the positions held by the customers, and all the trading profits and losses arising therefrom shall be borne by the customers themselves. This situation usually occurs before holidays, because futures companies generally raise the level of futures margin before holidays, leading to the risk of insufficient margin.
6, futures due delivery rules. Futures trading is a futures contract, and futures contracts have the last trading day. Individual traders must close their positions before the last trading day of the contract. If the enterprise traders are qualified for delivery, they can continue to hold positions until the delivery date of goods and make physical delivery. Generally, on the last trading day of the month before the expiration month of futures contracts, futures companies will liquidate odd contracts. In order to avoid forcing investors to close their positions in advance and switch to the next main contract, there may be some anomalies in the futures market at this time.
7. There are price restrictions on futures trading. If the price of futures varieties exceeds the daily limit, which is similar to stock trading, different varieties have different price limits and will be adjusted according to the situation.
8. There is no debt settlement transaction rule on that day. The debt-free settlement rule of the day is a kind of after-hours settlement of open positions during the day. The settlement here is not liquidation, but the profit and loss are calculated according to the settlement price of the day. The profit and loss here is not the real profit and loss, but the book profit and loss some time before the opening of the next trading day, which will show the real profit and loss after the opening.
9. The deposit and withdrawal of futures is time-limited, and can only be made within a specified period of time. In general, the deposit time is 8:30- 15:30 and 20:30- 02:30 on the trading day. The cancellation time is 9:05- 15:30 within the trading day, and night trading is not supported.