As an important investment tool in the financial derivatives market, it has a unique trading mechanism and investment characteristics. The following will detail the key investment features of ***:
1. Standardized contracts.
The transaction is based on standardized contracts, which clearly stipulate the contract specifications (such as the number of grams per contract), delivery time, and quality standards, which provides investors with a unified and clear investment target.
2. Leverage effect.
The transaction adopts a margin system, and investors only need to pay a certain percentage of the margin to carry out the full value of the first transaction, which greatly improves the efficiency of capital utilization. However, at the same time, the leverage effect also amplifies risks, so the risk management ability of investors is required.
3. Two-way trading opportunities.
The market can be both long and short, which means that investors have the opportunity to make a profit, whether it is **market*** or **. When the price of gold is bearish, investors can make a profit by selling the contract, and holding it when the price of gold is bullish.
Fourth, the discovery function.
The market has a discovery function, and its transactions can reflect the market's expectations of supply and demand and trends in the future. This is an important reference for both the real industry and investors.
5. Maturity delivery and rolling positions.
The contract has a definite expiration date, and investors can choose physical delivery or cash settlement before expiration, or they can choose to close their positions early or enter the next contract through reverse operation to continue their positions. This mechanism gives you a flexible approach to trading strategies and risk management.
6. Daily mark-to-market and forced liquidation.
*The exchange implements a daily mark-to-market system, which calculates the profit and loss of the account according to the settlement price every day and adjusts the margin balance. When the margin is insufficient, investors need to replenish it in time, otherwise they may face the risk of forced liquidation.
7. Hedging and speculative transactions coexist.
The market not only supports enterprises to carry out hedging operations and reduce the operational risks caused by fluctuations in raw material costs, but also attracts a large number of speculators to participate in order to capture the trading opportunities brought by short-term fluctuations.
In summary, with its standardized contracts, leverage, two-way trading, discovery and other functions, investment provides a wealth of trading strategies and risk management tools for different types of investors. However, due to the existence of high leverage, investors must strengthen their risk awareness and establish a scientific and reasonable investment decision-making system to ensure stable and orderly investment behavior while pursuing returns.