What Are Futures?

Futures, whose English name is Futures, is completely different from the spot. The spot is really tradable goods (commodities). The futures are mainly not goods, but are based on some popular products such as cotton, soybeans, oil, and financial assets such as stocks, Bonds, etc. are the underlying standardized tradable contracts. Therefore, the subject matter can be a commodity (such as gold, crude oil, agricultural products), or a financial instrument.

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Futures markets sprouted in Europe. already

The earliest futures market in history was

by

Metal is one of the more mature futures varieties in the world futures market today. Metal futures trading in the world is mainly concentrated in

Shanghai Futures Exchange

Shanghai

China Economy

Position gold: total funds * (X% -Y%);

Single maximum allowable loss <= total assets * Z%;

One-hand opening price: (current price * trading unit * margin) + handling fee;

Default lot size (maximum open position): position gold / one-hand open price;

Maximum stop loss points per transaction: maximum allowable loss amount / number of open positions / trading unit / minimum change price;

The value of a futures product fluctuating by one price level: the minimum change price * trading unit * number of open positions;