Ye Xiangling: Xiangling Futures Teaching Classroom, the most comprehensive futures knowledge and investment skills on the entire network (Part 1)!

[font=Regular script, Regular script_GB2312, SimKai]Many students who have just come into contact with futures ask what Xiangling Futures is? Today, I will give those who just popularized knowledge about futures (the most comprehensive futures investment skills are in this article)[/font]
[font=Regular script, Regular script_GB2312, SimKai]　　[b]Full guidance time: early7:00-before dawn2:00。 guidanceVLetter:YXL2045。Q-Q：2110854301。[/b][/font]
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[b][font=Regular script, Regular script_GB2312, SimKai]Shanghai Gold Exchange (Yijintong) (Goldtd）(Pudong Development Bank) (Industrial Bank)[/font][/b]
[b][font=Regular script, Regular script_GB2312, SimKai]Opening an account to provide goldtdReal offer guidance form, knowledge training, professional risk control guidance[/font][/b]
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[b][font=Regular script, Regular script_GB2312, SimKai]Hot spot analysis, short-term intraday strategy (real-time)[/font][/b][align=center][img]https://135editor.cdn.bcebos.com/files/users/941/9416068/202010/0FetGHZGP_vvPf.png[/img][/align]
[font=Regular script, Regular script_GB2312, SimKai]Futures are a type of contract, not a specific commodity. The content of the contract is unified and standardized, but only the price of the contract can fluctuate in varying sizes due to market factors.[/font]


[b][font=Regular script, Regular script_GB2312, SimKai]Futures trading is about earning price differences[/font][/b]


[font=Regular script, Regular script_GB2312, SimKai]Futures trading is the buying and selling of this contract symbol, which is the trading behavior of a large number of futures participants, based on their own analysis, to earn profits. From the perspective of most trading purposes, it is speculation to earn price differences.[/font]


[color=#ff0000][b][font=Regular script, Regular script_GB2312, SimKai]The Basic Characteristics of Futures Trading[/font][/b][/color]


[font=Regular script, Regular script_GB2312, SimKai]The basic feature of futures trading is that it can use less capital for Block trade.[/font]


[b][font=Regular script, Regular script_GB2312, SimKai]❖Futures trading can be understood as "buying short and selling short"[/font][/b]


[font=Regular script, Regular script_GB2312, SimKai]Futures trading involves buying and selling "contract symbols" rather than actual goods, so traders do not need to consider whether they need or own the corresponding goods when buying or selling futures.[/font]


[font=Regular script, Regular script_GB2312, SimKai]And only considering how to buy and sell to earn a price difference, the results of buying and selling are only reflected in one's own "account".[/font]


[font=Regular script, Regular script_GB2312, SimKai]The cost is a few thousandths of the handling fee and occupation5%The margin of around can be simply understood as "buying short and selling short".[/font]


[b][font=Regular script, Regular script_GB2312, SimKai]❖Both buying and selling are acceptable[/font][/b]


[font=Regular script, Regular script_GB2312, SimKai]Based on our own analysis of future market fluctuations, we can either buy and open positions first or sell and open positions first. After the equivalent difference is reached, we can then proceed with reverse selling and closing positions or buying and closing positions to offset the contracts we have already opened positions.[/font]


[font=Regular script, Regular script_GB2312, SimKai]In this way, only the price difference between opening and closing positions is left on one's own "bill", and the margin occupied by opening positions is automatically refunded, thus completing a complete transaction.[/font]
[img]https://135editor.cdn.bcebos.com/files/users/941/9416068/202010/Nmc4h52X_8fbL.jpg[/img]
[font=Regular script, Regular script_GB2312, SimKai]Of course, futures contracts can also be physically delivered. A buying contract that opens a position and remains open for a long time. After the expiration date (usually a few months), the trader must pay in full for the corresponding goods and receive the corresponding goods.[/font]


[font=Regular script, Regular script_GB2312, SimKai]If it is a sales contract, the corresponding goods should be surrendered to receive the full payment. As a speculator, one should liquidate the contract before it expires.[/font]


[color=#ff0000][b][font=Regular script, Regular script_GB2312, SimKai]Introduction to Futures Contract Content[/font][/b][/color]


[font=Regular script, Regular script_GB2312, SimKai]The contract content of futures trading is approved by the China Securities Regulatory Commission and uniformly formulated by the exchange. Except for the price, other factors in the content are fixed.[/font]


[b][font=Regular script, Regular script_GB2312, SimKai]In futures contracts, some of the main contents related to trading are as follows:[/font][/b]


[font=Regular script, Regular script_GB2312, SimKai]Contract unit: The minimum unit for each purchase and sale is one hand. At present, the quantity of metals in domestic commodity futures per hand is5Tons, agricultural futures per hand10Tons.[/font]


[b][font=Regular script, Regular script_GB2312, SimKai]❖Contract Value:[/font][/b]
[font=Regular script, Regular script_GB2312, SimKai]The actual value of each contract. Copper upside down: each hand is5Tons, multiplied by the current futures price, is the contract value. In addition, multiplying the contract value by the margin ratio (usually a few percent) is the amount of funds required to buy or sell primary futures.[/font]


[b][font=Regular script, Regular script_GB2312, SimKai]❖Minimum Variable Price Level:[/font][/b]
[font=Regular script, Regular script_GB2312, SimKai]The futures market reflects the price per ton. Currently, the minimum price range for domestic futures is: metals10element/Tons per hand5Tons, the value of a point change is50Yuan. Agricultural products are1element/Tons per hand10Tons, a point change is10Yuan.[/font]


[b][font=Regular script, Regular script_GB2312, SimKai]❖Daily price limit:[/font][/b]
[font=Regular script, Regular script_GB2312, SimKai]To limit drastic price fluctuations. Domestic regulations`A certain daily rise and fall range is the limit for rise and fall3%。[/font]


[b][font=Regular script, Regular script_GB2312, SimKai]❖Contract month:[/font][/b]
[font=Regular script, Regular script_GB2312, SimKai]Metal category1、2、3、4、5、6、7、8、9、10、11、12Monthly contract. Agricultural products are1、3、5、7、9、11Monthly contract.[/font]


[b][font=Regular script, Regular script_GB2312, SimKai]❖Last Notice Day:[/font][/b]
[font=Regular script, Regular script_GB2312, SimKai]The specific futures contracts that investors buy and sell have a term, usually around one year, and the day when the term expires is the last trading day. At this point, the position must be closed, otherwise delivery will be made.[/font]


[font=Regular script, Regular script_GB2312, SimKai]Although futures have this time limit, it does not actually affect trading. Due to frequent fluctuations in futures prices, opening a position can quickly generate a significant price difference, providing an opportunity to close the position.[/font]


[font=Regular script, Regular script_GB2312, SimKai]A small number of customers who are willing to engage in long-term trading can also achieve the goal of engaging in long-term trading by closing at maturity and establishing corresponding positions in forward contracts.[/font]


[b][font=Regular script, Regular script_GB2312, SimKai]Risk source of futures trading[/font][/b]


[font=Regular script, Regular script_GB2312, SimKai]Risk and profit always coexist, which is particularly evident in futures trading.[/font]


[color=#ff0000][b][font=Regular script, Regular script_GB2312, SimKai]1.The most fundamental risk in futures trading comes from leverage, namely the margin system. It is the biggest source of futures trading.[/font][/b][/color]


[color=#ff0000][b][font=Regular script, Regular script_GB2312, SimKai]2.The risk of futures trading comes from the uncertainty of price direction[/font][/b][/color]


[font=Regular script, Regular script_GB2312, SimKai]Futures contracts are aimed at selecting goods with significant and fluctuating prices.[/font]


[font=Regular script, Regular script_GB2312, SimKai]The essence of the change in futures prices is uncertainty, which means that no method can be absolutely certain of the rise or fall. This is similar to stocks and traditional businesses.[/font]


[font=Regular script, Regular script_GB2312, SimKai]Although the upward and downward momentum of the market comes from the supply and demand relationship of this "goods"[/font]


[font=Regular script, Regular script_GB2312, SimKai]However, due to the numerous and complex influencing factors, it is impossible for anyone to fully grasp all information, and the price of futures also has its own laws, which makes it difficult to absolutely determine the direction of price changes, meaning that traders have the possibility of being right or wrong in every transaction.[/font]


[font=Regular script, Regular script_GB2312, SimKai]The risk of uncertainty in price direction, although always present, is not impossible to avoid. The futures winners we see are all experts in avoiding this risk.[/font]


[b][font=Regular script, Regular script_GB2312, SimKai]❖The Structure of Futures Markets[/font][/b]
[font=Regular script, Regular script_GB2312, SimKai]Futures trading can only be conducted on futures exchanges, and investors can only participate in and complete futures trading through futures brokerage companies. Futures companies are bridges and channels between exchanges and investors. The futures market in China is directly regulated by the State Securities Regulatory Commission.[/font]
[img]https://135editor.cdn.bcebos.com/files/users/941/9416068/202010/0v6LcLPeQ_wrJm.jpg[/img]
[b][font=Regular script, Regular script_GB2312, SimKai]❖Futures exchange[/font][/b]
[font=Regular script, Regular script_GB2312, SimKai]In general, a futures exchange is the place where futures trading rules are formulated and where each transaction is completed. Investors' funds and every transaction are stored and recorded here.[/font]


[font=Regular script, Regular script_GB2312, SimKai]The core work of a futures company is to execute and maintain trading rules, receive and deliver trading information, and complete transaction settlement for each investor.[/font]


[font=Regular script, Regular script_GB2312, SimKai]Futures companies can also use all reasonable means to conduct marketing activities based on their own business considerations.[/font]


[b][font=Regular script, Regular script_GB2312, SimKai]Introduction to the Domestic Futures Market[/font][/b]


[font=Regular script, Regular script_GB2312, SimKai]1The Shanghai Stock Exchange is mainly dominated by precious gold. The main varieties include: copper, aluminum, natural rubber, and fuel oil.[/font]
[font=Regular script, Regular script_GB2312, SimKai]2Dalian Exchange, mainly focused on agricultural products. The main varieties include: soybeans, soybean meal, corn, and soybean oil.[/font]
[font=Regular script, Regular script_GB2312, SimKai]3Zhengzhou Exchange, mainly focused on agricultural products. The main varieties include: hard winter wheat, strong gluten wheat, and cotton.[/font]
[font=Regular script, Regular script_GB2312, SimKai]4Futures brokerage companies, as the main part of the futures market, currently have over a hundred companies in China. After years of hard work and market testing, most companies have formed a complete service system that is worthy of the trust of investors.[/font]
[font=Regular script, Regular script_GB2312, SimKai]5Investors, we don't need to worry about the accurate definition of "investment phase" or "investment" here. In short, investors are the ultimate buyers and sellers of contracts in the futures market. Investors form the foundation of the entire market.[/font]


[font=Regular script, Regular script_GB2312, SimKai]At present, there are tens of millions of people in this group in China, and the overall market funds are generally in the order of tens of billions. The trading volume generated by the "leverage effect" of futures is very astonishing. In this sense, futures have formed a very large market in China.[/font][align=center][img]https://135editor.cdn.bcebos.com/files/users/941/9416068/202010/0N4Uj4PtH_V8KN.jpg[/img][/align]
[font=Regular script, Regular script_GB2312, SimKai]Author's Message: The way to trade is that hard work is easy to fold. Only when it reaches yin and softness can it dominate the world. There is no weak person in the world like water, but the highest good is like water.[/font]