Preparation for Foreign Futures Trading

1. Understand the foreign futures market

Market characteristics: The offshore futures market usually refers to futures markets traded internationally, such as the Chicago Mercantile Exchange (CME), London Metal Exchange (LME), etc. These markets have highly internationalized, standardized, and leveraged characteristics.

Trading rules: Familiar with the trading rules of different exchanges, including trading hours, contract specifications, delivery methods, etc.

Trading varieties: Understand the main trading varieties in the market, such as crude oil, gold, copper, etc., as well as their contract details.

2. Learn trading skills

Before formal trading, one can familiarize themselves with market operations and risk management through simulated trading, and accumulate trading experience.

3. Deposit operation

Transfer the funds to our designated account, ensure that the appropriate deposit method (online banking, wire transfer, etc.) is selected, and understand the relevant fees and arrival time. Our company does not charge any fees for deposit and withdrawal. Please consult the relevant bank for fees and time issues.

4. Develop trading strategies

Develop trading strategies based on market news, economic data, technical indicators, and other information. Clearly define the trading variety, trading time, stop loss and take profit, and other elements.

5. Order transaction

Select futures varieties and contracts on trading software, and enter trading prices, quantities, and other information. During the trading process, it is important to closely monitor market trends and position positions, and adjust them in a timely manner.

6. Risk management

Stop loss setting: Set a reasonable stop loss level for each trading order to avoid further losses.

Fund management: Reasonably allocate positions to avoid excessive financial risks caused by heavy trading.

Diversified investment: It can be achieved by avoiding concentrating all funds on a few contracts or varieties.