In the domestic futures market, some varieties with high correlation with the international market are the easiest to wear positions; Due to stopping and opening the system; For example, recent crude oil futures; In the international market, crude oil prices continue to fall, especially in Europe and the United States.
At this time, domestic crude oil futures were suspended; The next day, domestic crude oil futures gapped to make up for the decline after the opening; In this case, due to insufficient margin, there may be a problem of futures account wearing positions.
The process of filling positions after customers open positions is basically as follows: in the whole futures trading link, the futures company is only an intermediary, and all customers' positions are delivered on the exchange; For example, the principal in a customer's futures account is 500,000 RMB.
Holding Shanghai crude oil futures, the account has a loss of 5 1 10,000 yuan due to the price difference; After delivery in the market or exchange, the exchange will suffer a loss of (5 1-50)= 1 1,000 yuan. This deficit of 65,438+0,000 was first filled by the futures company to the exchange. After that, the futures company can recover from the customer as a creditor.
The margin ratio of futures exchange is fixed: for example, copper, aluminum, zinc and lead. The margin ratio of the exchange is 7%, gold 5% and silver 6%, but the futures company will give customers a good margin ratio; For example, the margin ratio of copper, aluminum, zinc and lead futures companies is 12%, gold 1 1%, and silver 12%.
This behavior of increasing the margin magnifies the trading risk of customers; Futures companies have also taken on greater risks.
In the foreign exchange market, warehouse penetration is more serious. Due to the high leverage of foreign exchange transactions, 200 times 400 times 500 times a lot; In the foreign exchange market, there are many cases of wearing positions; However, because the foreign exchange market is not standardized; In the foreign exchange market, it is difficult for foreign exchange platforms to recover funds from investors.
Summary:
The risk of futures trading comes first, considering the loss first and then the profit. Don't ignore the heaviness of the transaction, resulting in unexpected losses.