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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.
Futures trading mode is T+0, with two-way trading and margin trading. Domestic futures trading hours are Monday to Friday from 9:00- 1 1:00, afternoon 13:30- 15:00, and night trading is 2 1:00- the next day.
Futures account is the behavior of investors to open futures accounts and capital accounts. Futures account process:
Step 1: Select a futures company and prepare relevant information.
When choosing a futures company, it is recommended to choose a regular large futures company, which is generally perfect in all aspects. After selection, bring your ID card and bank card to the business department of the futures company to open an account.
Step 2: Sign the agreement.
Generally, futures brokerage contracts, futures trading risk statements and other agreements need to be signed. Be sure to pay attention when signing the agreement, and fill in the contact number and address accurately.
Step 3: Process the transaction code.
After signing the agreement, the futures company will inform the customer of the fund password, trading password and disk reading software password. After the customer obtains the fund account in the futures company, the futures company also needs to handle the transaction code for him in various exchanges.
Step 4: Transfer money.
After the code is approved, you can go to the transaction, but you must first transfer money and directly deposit and withdraw money through the bank-to-bank system in the trading software.
Step 5: Deal.
After the funds are transferred, transactions can be made. But now futures companies have basically opened electronic trading, so after the economic contract is opened, you will be asked to sign the login password for online trading. After you sign for it, you need to log in to the system according to the initial password, and then modify the password. After that, all commissions can directly enter the exchange hall through the computer.