1, the return on investment is different: because of the leverage principle of margin, futures trading can amplify the income, four or two thousand pounds. Futures only need to pay within 10% of the total contract value; Moreover, funds are generally guaranteed.

2. Different returns: futures and funds have different returns. Usually, when the futures market is active, the two-way trading system can be profitable in both bull and bear markets, and investors get big profits; Domestic funds are mostly stock funds, and the income needs to be determined according to the stock market.

3. Different trading directions: futures can be bought or sold first, which is a two-way transaction. Funds are also one-way transactions, and they can only be sold if they are bought.

4. Different maturities: Futures must be delivered at maturity, otherwise the exchange will force liquidation or physical delivery. Funds generally have time limits.

5. Different risks: futures are characterized by high returns and high risks due to the restrictions of margin system, additional margin system and forced liquidation at maturity. In a sense, futures can make you rich overnight, or you may be penniless in an instant, so investors should invest carefully. The risk of the fund is minimal.

I. The meaning of futures

Futures, whose English name is futures, is completely different from spot. Spot is actually a tradable commodity. Futures are mainly not commodities, but standardized tradable contracts based on some popular products such as cotton, soybeans and oil and financial assets such as stocks and bonds. 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.

Second, the significance of the fund

Fund, in English, refers to a certain amount of funds set up for a certain purpose. It mainly includes trust and investment funds, provident funds, insurance funds, retirement funds and funds of various foundations.

From the accounting point of view, capital is a narrow concept, which refers to funds with specific purposes and uses. The fund we are talking about mainly refers to the securities investment fund.