Basic overview: Forward trading refers to the trading activities with futures contracts or options contracts as the trading targets by open centralized trading or other means approved by the State Council Futures Regulatory Authority. The unique functions of futures trading, such as hedging, preventing excessive market fluctuations, saving commodity circulation costs and promoting fair competition, are of great significance to the development of China's increasingly active commodity circulation system. China's futures trading has made great progress. However, due to the lack of corresponding legislation, futures trading is in a state of no legal basis, and excessive speculation prevails. It is extremely necessary to strengthen the special legislation of futures trading. \x0d\ Development history: Futures trading is developed by commodity producers from forward contract trading in spot trading in order to avoid risks. In the forward contract transaction, traders gather in the commodity exchange to exchange market information, look for trading partners, and sign the forward contract through auction or negotiation, that is, the futures \x0d\ have the same maturity date, and both parties end their obligations by physical delivery. In frequent forward contract transactions, traders find that there is a price difference or interest difference in the contract itself due to the fluctuation of price, interest rate or exchange rate, so they can make profits by buying and selling contracts without waiting for physical delivery. In order to adapt to the development of this business, futures trading came into being. \x0d\ Futures trading is a standardized contract trading method in which investors buy and sell various commodities on the futures exchange after paying a deposit of 5%- 15%. Ordinary investors can make a profit by buying low and selling high or selling high and buying low. Spot enterprises can also use futures to hedge and reduce their business risks. Futures traders generally buy and sell futures contracts through futures brokerage companies. In addition, the obligations they have to undertake after buying and selling the contract can be relieved by reverse trading (hedging or liquidation) before the contract expires. \x0d\ Futures trading is historically conducted in the trading hall through oral bidding by traders. Most futures trading is done through electronic trading. When trading, investors input buying and selling orders through the computer system of the futures company, and the matching system of the exchange conducts matching transactions. \x0d\ Exchange and time \x0d\ Shanghai Futures Exchange: \ x0d \ 09: 00am-10:10: 30-11:30 \ 13: 30-14:14: 20-15: The usual trading time is 9:15-/kloc-0. \x0d\ 2 trading platform \x0d\ FXCM\x0d\ FXCM (FXCM) is one of the largest members of foreign exchange dealers in the world, and a British dealer represents a relatively high level in the foreign exchange trading industry in the world today. The members of FXCM Group include Forex Capital Markets LLC (FXCM American Edition), Forex Capital Markets Limited (FXCM UK Edition) and FXCM Jinhui Group (FXCM Global Gold Exchange Network), which provide online foreign exchange trading services for retail customers. \x0d\ FXCM's financial professional analysts come from world-class financial companies. Fuhui owns and represents the advanced financial investment concept, with daily trading volume as high as $654.38 +0.5 trillion, becoming the largest market in the world and one of the largest foreign exchange dealers in the world. \x0d\ FXSOL\x0d\ FX Solutions (FXSOL for short) is a British dealer, which represents a relatively high level of foreign exchange trading industry in the world today. FXSOL Global Jinhui Network has long concentrated all its resources in the CFD trading industry of foreign exchange, gold and stock index. At present, the foreign exchange market with a daily trading volume of 654.38+0.5 trillion US dollars has become the largest market in the world. Because of its high liquidity and variability, it provides traders with more opportunities and advantages than other markets. FXSOL has two softwares, MT4 and GTS. MT4 is simple and generous, but it can only trade foreign exchange. GTS is suitable for professionals, but it is rich in trading products and can trade foreign exchange, gold and stock index futures. Note that FXSOL UK version has a lever of up to 400, and the US version cannot lock orders. \ x0d \ fxdd \ x0d \ fxdd (fxdirect dealer) is a subsidiary of the well-known American financial brokerage company -Tradition Group Company. FXDD's foreign exchange trading system enjoys a high reputation in the professional field with the strong working capital and top-level technical support of the parent company. In order to meet the requirements of foreign exchange transactions of large financial institutions, the company's price refresh and order execution speed have reached the international advanced level. \x0d\ Jiasheng Group \x0d\ Jiasheng Group is the most respected online trading company in the foreign exchange trading industry. The company provides services to institutional investors, professional fund managers and professional foreign exchange traders through GAINCapital. GAIN Capital Group is willing to provide trading platform and professional services for individual investors through FOREX. Jiasheng company is the earliest partner of Jinhui in the world. Global Jinhui is a professional service organization, led by outstanding analysts from major banks in Europe and America. Its purpose is to provide an efficient and convenient way for Chinese people around the world to invest and manage international financial products. All staff pay attention to team spirit and firmly believe that one person's ability can't provide complete and multi-faceted services in the contemporary business arena. Global Jin Hui encourages teamwork. Committed to providing customers with the best diversified services. At present, customers of Global Jinhui mainly come from Hongkong, Macau, Taiwan Province Province, Malaysia and the whole mainland, and have covered the global Chinese customer circle all over North America and Europe. As a well-known brand in China foreign exchange market. \x0d\ 3 trading process \x0d\ Futures investors should have good psychological quality and risk-taking ability, strong will, strong self-discipline, be able to handle their trading business calmly and not be emotional. Futures investors should be able to calmly and calmly analyze and observe the rapidly changing price market and make reasonable decisions. \x0d\ One reason why futures trading is attractive to investors is the leverage of futures trading, that is, controlling the overall value of futures contracts with relatively little capital, that is, trading with 5% to 10% of capital 100%. However, futures investors should fully realize that high returns are behind high risks. Therefore, people who step into the futures market should have a sense of taking risks and be prepared for possible losses. In addition, because the rules and practices of futures trading and securities trading have many similarities and differences with general spot trading, people who enter the futures market should also understand and master some necessary futures trading knowledge. The procedures for entering the futures market are basically the same as those for the stock market. As far as customers are concerned, they usually handle their futures trading business through brokerage companies. Futures investors should first open a futures trading account with a brokerage company, sign a standard Futures Trading Agreement, fill in the customer registration, and deposit the required deposit, so as to complete the account opening procedures. \x0d\ Of course, according to the laws and regulations of futures trading, brokerage companies will also require investors (that is, customers) to provide correct and detailed financial information, so that brokerage companies can understand the financial situation and investment purpose of investors and determine whether futures are suitable for investors. Only those who pass the requirements can be allowed to open accounts. At the same time, the exchange also requires member brokerage companies to supervise the normal operation of client funds. When a brokerage company accepts an investor to open an account, the investor can start futures trading as a customer. \x0d\ The general process for customers to participate in futures trading is as follows: \x0d\ (1) Futures traders enter and open accounts in brokerage companies, including signing power of attorney authorizing brokerage companies to buy and sell contracts and pay handling fees on their behalf. After being authorized, the brokerage company can conduct futures trading according to the contract terms and customer indicators. \x0d\ (2) After receiving the customer's instructions, the broker shall promptly notify the representative of the brokerage company in the exchange by telephone, telex or other means. \x0d\ (3) The trading representative of the brokerage company stamps the received order and sends it to the market representative in the trading hall. \x0d\ (4) On-site and off-site representatives input customer instructions into the computer for trading. \x0d\ (5) After each transaction is completed, the on-site and off-site representatives shall notify the off-site broker of the transaction record and inform the customer. \x0d\ (6) When the customer requests to close the futures contract, it shall immediately notify the broker, who will notify the trading representative stationed in the exchange by telephone, hedge the futures contract through the on-site and off-site representatives, and at the same time liquidate it through the trading computer, and the broker will send the hedged net profit and loss statement to the customer. \x0d\ (7) If the customer fails to close the position within a short time, it will generally be settled once a day or once a week according to the settlement price of the exchange on that day. If there is a loss in the book, the customer needs to temporarily make up the loss difference; If there is a book surplus, the broker will pay the profit difference to the customer. The actual profit and loss can only be settled after the customer closes the position.