Futures, usually futures contracts, are contracts. A standardized contract made by a futures exchange to deliver a certain amount of subject matter at a specific time and place in the future. This subject matter, also known as the underlying asset, can be a commodity, such as copper or crude oil, a financial instrument, such as foreign exchange and bonds, or a financial indicator, such as three-month interbank offered rate or stock index. Futures trading is an inevitable product of the development of market economy to a certain stage.

Futures trading is the activity or behavior of buying and selling futures contracts. Pay attention to the difference. Futures delivery is another concept. Futures delivery is the exchange activity or behavior of the subject matter (basic assets) stipulated in the futures contract on the maturity date. .

The difference between spot and futures: First, the trading time is different. Spot trading generally lasts for 22 hours, while futures trading only lasts for 9 hours. Second, futures have price limits, but not in stock.

Domestic futures are not in line with international standards, international futures trading time is different, spot is in line with international standards, and spot margin is lower than futures margin.

Futures is a contract system, that is, delivery at maturity. There is a contract expiration date, which stipulates that delivery must be made at maturity. There is no spot, as long as the account has enough funds, it can be held all the time.

Both of them are two-way operation, T+0 mode, margin system, flexible operation, short-term, high demand for intraday trading skills, relatively high returns and controllable risks. The most important difference between the two is that the risks are different. Futures trading fluctuates faster, the space is larger, and the returns are higher. Moreover, with high risks, the spot is relatively stable, the trend is regular, and there are late trading, and the returns are relatively stable!