1. Futures trading rules:
1. Implement the t + 0 trading method, that is, the futures that investors buy on the same day can be sold on the same day;
2. Two-way trading, that is, investors can do long operations or short Trading;
3. Margin system, that is, investors need to pay a certain percentage of margin when trading futures;
4. Mandatory liquidation system, that is, when investors' margin is insufficient, futures companies will force sell investors' positions in order to prevent risks .
2. Rules for forced liquidation of futures:
1. Failure to close positions within the specified time, and the position exceeds the limit standard; 2. The investor’s settlement reserve is less than zero, and the investor fails
to make up the amount within the specified time;
Penalties for forced liquidation;
4. Other prescribed acts of forced liquidation.
Futures are standardized tradable contracts based on certain items (oil, gold, agricultural products, etc.) and financial assets (stocks, bonds, etc.), and the goods are delivered according to the agreed period.
Futures are completely different from spot goods. Spots are real goods (commodities) that can be traded. Futures are not mainly goods, but standardized and tradable commodities based on certain mass products such as cotton, soybeans, oil, etc. and financial assets such as stocks and bonds. trade contracts. Therefore, the subject matter can be a certain commodity (such as gold, crude oil, agricultural products), or it can be a financial instrument.
3. According to regulations, opening a futures account needs to meet the following conditions:
1. The client should be a natural person, legal person or other economic organization with the qualifications to engage in futures trading.
2. A natural person must be at least 18 years old and have full capacity for civil conduct. citizens.
3. Customers must open an account with a real and legal identity.
4. Customers must ensure the legitimacy of the source of funds.
5. The customer must guarantee the authenticity, legality and validity of the business license, organization code certificate, ID card and other relevant materials provided.
After meeting the conditions, you can use your ID card and bank card to handle it. There is no need for funds in the bank card when opening an account.
Here, investors should also be aware that futures are divided into commodity futures and stock index futures, and the two are very different. If you want to open commodity futures, there is basically no threshold. You open an account and deposit thousands of dollars to tens of thousands of millions. all will do.
If you need to trade stock index futures, you must apply for a stock index code from the China Financial Exchange. There are two requirements:
1. 10 commodity trading experience. This is very easy to complete, because futures are T+0 transactions, you only need to choose a product with a cheap price and a large volume of transactions to complete 10 transactions. Note that opening a position + closing a position counts as 2 transactions.
2. 500,000 capital verification. Since the funds need to be reflected in the transaction settlement statement, they must be transferred from the bank card to the futures account by bank transfer before the market closes at 15:00 pm on any trading day and overnight.
Also, if you are a newcomer, I suggest you check out futures information websites. I have seen a website before: YiFutures, which is quite suitable for newcomers. You can check it out.