I. Opening an account
Read and understand the risk statement of futures trading carefully and understand the risks of futures trading. Sign the futures brokerage contract and the registration form for investors to open accounts in the futures market, and establish the brokerage relationship between customers and futures brokerage companies. The futures brokerage company applies to the futures exchanges for the unified distribution of the customer's trading code (similar to the shareholder code in stock trading) and the customer's fund account number.
The two most important points in a futures brokerage contract are that the designated person of the transaction is defined and the seal and method of gold withdrawal are agreed. Customers in different places can handle it online.
2. Access to gold
The customer's funds can only be transferred between the bank settlement account designated by the customer and its futures account;
Customers can self-help through the online bank transfer system.
Three. means of transaction
Entrustment methods of domestic futures trading include: written entrustment, self-service terminal entrustment, online self-service entrustment and telephone entrustment.
The bidding method of futures trading in China is computer matching, which is consistent with stocks and follows the principle of price priority and time priority. In the case of price limit, the principle of liquidation priority should be followed.
Four. solve
After the end of trading every day, the futures company will settle the futures account of the customer without debt, that is, calculate and transfer the trading margin, profit and loss, handling fee, deposit and withdrawal money, delivery money and other related funds according to the trading results of the day, and all the transactions and funds in the customer account can be queried by computer.
The "forced liquidation" of futures is determined according to the daily account situation. When the customer's rights and interests in the account are less than the required margin for the position in the account (that is, when the account is negative), the futures company requires the customer to make up the difference within the specified time, otherwise the futures company has the right to partially or completely close the position in the bill.
Verb (abbreviation of verb) bill confirmation
If the customer has any objection to the items recorded in the trading account on the same day (customers in different places can inquire online), he shall submit a written objection to the futures brokerage company before the market opens on the next trading day; If the customer has no objection to the items recorded in the trading account, it is deemed that the transaction settlement is automatically confirmed.
Account cancellation of intransitive verbs
When the customer doesn't need to keep his capital account, after confirming that all transactions and funds in and out of his capital account are correct, and there are no funds and positions in the capital account, he can close the account by filling out the account cancellation application form. Customers in different places can handle it in different places through the agreed way.
Basic conditions for participating in futures trading
1. Any natural person and legal person permitted by national laws and regulations.
2. Have the ability to take risks and psychological preparation.
The futures market is a high-risk and high-return market. Before you expect high returns, you should consider whether you have risk tolerance. The funds you participate in futures should be your own "loss" money. Never borrow money for futures.
3. Choose a legitimate futures company. First of all, a legitimate futures company should hold a business license issued by the State Administration for Industry and Commerce and a futures brokerage license issued by the China Securities Regulatory Commission. Secondly, the standard operation and good reputation of the company are also important factors that should be considered.
4. Choose a good middleman. This is for investors who don't want to trade on their own.
The so-called "middleman" is a person who helps investors collect relevant information and provide advice on buying and selling. They received a commission as a reward.
The relationship between investors and intermediaries is privately agreed, so when choosing intermediaries, you should fully consider whether their moral level, professional ability and trading style are suitable for you. Conversely, you should let the middleman know your risk preference and tolerance, so that the middleman can achieve the best working condition.
In the futures market, most of the trading volume is completed by intermediaries. From the actual situation we know, there are indeed some excellent professional intermediaries that have created huge profits for investors.
Daily necessities for futures trading
I. Quotation system and trading software
At present, most futures transactions have been completed through the Internet. After the customer opens an account, the futures brokerage company will inform the customer of the download website of the market system software and trading system software, and provide the corresponding account number and initial trading password. After installing the downloaded software on the computer, customers can see the actual market and check their account transactions and funds on the Internet.
At present, the more popular futures-specific watch software includes: Shihua Finance Software, Wenhua Finance Software, Fuyuan Software, Pengbo Software, etc.
Two. Collect daily relevant information
Futures trading is based on spot trading. There is a close relationship between futures price and spot price.
In the real market, futures prices are not only affected by the relationship between supply and demand of commodities, but also by many other non-supply and demand factors. These non-supply and demand factors include: financial and monetary factors, political factors, policy factors, speculative factors, psychological expectations and so on. This information can be found on the websites of major futures companies and futures professional websites.
Three. Foreign futures varieties worthy of attention
With the globalization of the world economy, commodity price fluctuations around the world are closely related.
As far as domestic commodity futures varieties are concerned, they have different degrees of linkage with the international market. The foreign futures varieties worthy of attention are: copper and aluminum of London Metal Exchange (LME); COMEX copper; CBOT soybean, soybean meal, wheat and corn; Rubber of Tokyo Commodity Exchange; Crude oil and fuel oil in the New York Mercantile Exchange; New york Cotton Exchange (NYCE); Singapore International Finance Exchange (SIMEX) fuel oil, etc.
These latest data can be found in the market reading software developed by the company every day.
Several special points of futures market index
The technical analysis of futures market is basically the same as that of stocks, but there are several special places that securities investors should pay attention to. After it is put forward here, everyone should revise their original views on these technical parameters according to the specific situation of futures.
I. Quantity
The trading volume of futures is the sum of the buying volume and selling volume on the same day, which is calculated in two directions. But buying and selling may have opening or closing positions, which is different from stocks. Therefore, the trading volume of futures includes the information of different combinations of buying, selling, opening and closing positions, which reflects more information than the trading volume of stocks.
2. Open positions
The open position of futures refers to the sum of the open positions of buyers and sellers, which is calculated in both directions. In other words, half of the positions we see are buying positions, usually selling positions. This is also very different from stocks, and the change of positions is also an indicator that has a great impact on the market.
Three. K line graph
Because the price fluctuation in the futures market is generally more frequent than that in stocks, it is recommended to refer to the time-sharing chart, such as the 5-minute K-line chart, when judging the market, especially when doing T+0. Of course, it depends on one's trading habits.
Because of the characteristics of different kinds of futures markets, it is impossible to make a unified conclusion on these three points here. It is effective and practical to find out your different views in practice according to your own situation. According to our actual observation, there are indeed some traders who have their own incisive understanding of these issues and have made amazing achievements.