投资学1-6小时（1-6 hours of investment）.docVIP

投资学1-6小时（1-6 hours of investment） Seventh weeks of investment Conventional knowledge point: 1, forward contracts A forward contract is signed in as is specified in the specifications of the goods, delivery price, quantity and delivery date, therefore, for the parties to the transaction, although before the closing without any cash transfer, but all digital transactions are assumed, the only uncertainty of commodity future spot price. Through long-term contracts to determine the future trading price of goods, will help both sides of the transaction better arrangements and decisions. 2, futures contracts A futures contract is also a trading contract that trades a certain amount of goods in a certain amount of money for a certain amount of time in the future. Like forward contracts, it also specifies the price, quantity and delivery date of the underlying commodity, but there are many differences between them: different trading methods and different settlement methods. In the forward market, both parties can only know the delivery and futures trading profit and loss situation, the system is based on the daily settlement, the settlement is closely related with the daily closing price of the settlement price. 3, hedging Farmers sell futures contracts in advance to determine the future selling price of wheat, while the processing plant contracts the future cost by buying futures contracts, both of which reduce their price risk through futures trading. Therefore, an important function of forward and futures contracts is to enable traders to freely select their best risk positions. Individual investors who buy and sell futures contracts to lock their spot trading risks on the market are called hedging. 4, spot premium From a balanced point of view, the expected amount of profit will depend on the number of short hedging people in the market and the price risk attached to the product itself. This phenomenon is called a spot premium because the futures price of a commodity is