其实郭哲函觉得现货黄金与期货黄金最主要的不同点是这个:期货黄金做的是国内市场,同股票市场一样,里面有庄家,也存在信息不对称的问题,散户在里面处于极其不利的位置,另外期货的交易时间很短,一般为4Hours.现货黄金内没有庄家,每天24Hour trading, there is no need for delivery and settlement. Instant transaction. The funds will be received immediately.
Advantages and disadvantages of spot gold compared to futures gold:
交易机制:
Futures gold: With a short selling mechanism, it can be traded in both directions for profit, and there are profit opportunities in both up and down markets.T+0交易制度。当天可以多次开仓平仓,但有交割日,到交割日规定时间必须交割,否则会被强行平仓或以实物进行交割。同时保证金不足时也会被强行平仓。
Spot gold: With a short selling mechanism, it can be traded in both directions for profit, and there are profit opportunities in both up and down markets.T+0Trading system. Multiple positions can be opened and closed on the same day, with no delivery restrictions and unlimited holding. But when the margin is insufficient, it will be forcibly liquidated.
Transaction funds:
Futures gold: margin trading. use10%The funds can be used for100%Trading and capital amplification10Times.
Spot gold: margin trading. According to the different magnifications of various gold companies, there may also be differences, but most can use1%The operation of funds to100%Gold,100The magnification ratio is calculated by hand, for example;1Standard hand=100Ounces, some platforms can do it0.1Hands, etc.
开户名槛:
Futures gold: starting no lower than5Ten thousand.
Spot gold: Standard warehouse account opening on general platforms is5000USD, equivalent to approximately3WMore RMB, there are also some platforms that can open mini warehouses
Transaction time:
Futures gold: Trading time is in the morning9:00~11:30afternoon1:30~3:00. Due to the short trading time and lack of alignment with international gold prices, there is a frequent occurrence of short selling. Investors cannot enter the market in the early stages.
Spot gold: Due to the time difference, it is currently a week in China1morning8From midnight to early Saturday morning3Anything can be traded. That is to say, it can be traded all day and entered at any time in the market. The continuity of prices is superior to futures. The most active trading period is8.00reach24.00between.
涨幅限制:
Futures gold: daily limit up and down based on different futures varieties3%-15%Unequal.
Spot gold: No limit on price increase.
​
保证金:
投资者预付保证金不低于成交金额的8%. Just need to pay8%The margin can be used for trading, yes12.5Double leverage trading is currently the most leveraged trading product in China.