The futures market provides convenience for speculators. Unlike the spot market, you don't need to buy first and then sell. It can sell short and then buy at the right time. If speculators predict that the exchange rate price will be in a downward trend in the future, they can sell foreign exchange futures contracts first, and then buy foreign exchange futures with the same term at the lowered exchange rate when the exchange rate does fall to a certain extent, so as to hedge the short positions established before and profit from them.