1, forex futures trading is a designed futures contract, which is manifested in the design of transaction currency and transaction quantity. The design performance is as follows: First, the design of transaction currency. For example, when the Chicago International Money Market Futures Exchange opened, there were only eight currencies: US dollar, British pound, Canadian dollar, German mark, Japanese yen, Swiss franc, Dutch guilder and Mexican peso. The second is the design of contract amount. There are special provisions on the transaction amount of different foreign exchange futures contracts, such as a futures contract of GBP 25,000, JPY/KOOC-0/250,000, CHF/KOOC-0/25000, Canadian dollar/KOOC-0/00000, and Deutsche Mark/KOOC-0/25000. Third, the delivery date and delivery date are fixed. The delivery period is generally the same as the calendar month, mostly in March, June, September and 65438+February of each year. It can be purchased in other months of the year, but it cannot be delivered. The delivery date is usually Wednesday of the third week of the maturity month, and the Global Gold Exchange provides foreign exchange transactions.

2. Foreign exchange futures prices are related to spot prices. Futures prices and spot prices change in the same direction, and the change range is roughly the same. Moreover, with the approach of the futures delivery date, the exchange rate represented by the futures contract and the exchange rate of the currency in the spot trading market are shrinking day by day, and the exchange rates of the two coincide on the delivery date.

3. forex futures trading implements the deposit system. In the futures market, both buyers and sellers must pay a certain margin when opening an account. The purpose of paying the deposit is to ensure that both buyers and sellers can fulfill their obligations. In order to ensure that its members have the ability to cope with the trading demand, the clearing house requires members to open margin accounts and store a certain amount of currency, and at the same time, members also charge a certain amount of margin from their customers. Margin is divided into initial margin and maintenance margin. When concluding a contract, the initial deposit must be paid, generally 3%- 10% of the contract amount, which is determined according to the exchange rate fluctuation of the transaction currency. Maintenance margin refers to the minimum margin limit when the customer has to make up the margin after the contract is opened. If there is a loss, the amount of the margin will be reduced. Once the balance of the margin account falls below the maintenance level, the customer must pay the margin again and restore the margin to the initial level.

4. forex futures trading implements a daily liquidation system. At the end of each business day, the clearing house settles each transaction, that is, the clearing house settles each transaction at the clearing price, and the profit-making party can withdraw the profit and the loss-making party can make up the position. Due to the daily liquidation, the customer's book balance changes every day, and every trader is very aware of his position in the market. If you want to withdraw from the market, you can trade in the opposite direction to hedge.