Futures foreign exchange trading refers to the purchase and sale of a certain amount of another currency in US dollars on an agreed date at a determined exchange rate. Futures and foreign exchange trading have similarities and differences with contract spot trading. The trading of contract spot foreign exchange is carried out through banks, and the trading of futures foreign exchange is carried out in a special futures market. At present, the world's futures markets mainly include: Chicago Futures Market, New York Mercantile Exchange, Sydney Futures Market, Singapore Futures Market, London Futures Market.

Foreign currency futures are a kind of futures contract that is traded in another currency on a specified date in the future in order to seek a specific amount of a certain foreign currency. The currency, quantity, time and price of the transaction have been determined in the contract .

Futures foreign exchange trading refers to the purchase and sale of a certain amount of another currency in US dollars on an agreed date at a determined exchange rate. Futures and foreign exchange trading have similarities and differences with contract spot trading. The trading of contract spot foreign exchange is carried out through banks, and the trading of futures foreign exchange is carried out in a special futures market. At present, the world's futures markets mainly include: Chicago Futures Market, New York Mercantile Exchange, Sydney Futures Market, Singapore Futures Market, London Futures Market. The futures market must include at least two parts: one is the trading market, and the other is the clearing center. After the buyer or seller of the futures trades on the exchange, the clearing center becomes its counterparty until the actual delivery of the futures contract. Futures foreign exchange and contract foreign exchange transactions are not only related to a certain degree, but also have certain differences. From the perspective of comparison between the two, the following describes the specific operation of futures foreign exchange.

The number of futures foreign exchange transactions is exactly the same as the contract spot foreign exchange transactions. Futures and foreign exchange trading are at least one contract. The amount of each contract is different for different currencies. For example, a pound contract is 62,500 pounds, Japanese yen is 12,500,000 yen, and the mark is 125,000. mark.

There are strict regulations on the delivery date of futures foreign exchange contracts, which is not available in contract spot foreign exchange transactions. The delivery date of the futures contract is stipulated as the Wednesday of the third week of March, June, September, and December of the year.

In this way, there are only 4 contract delivery days in a year, but other times can be sold and cannot be delivered. If the bank is closed on the delivery day, it will be postponed by one day.

The price of a futures foreign exchange contract is all expressed in a foreign currency equal to the number of US dollars. Therefore, except for the British pound, the futures foreign exchange price and the contract foreign exchange exchange rate are exactly the reciprocal of each other. For example, the December mark futures price is 0.6200, which is exactly the reciprocal. It is 1.6126.

There is no issue of interest expenditure and income in the trading of futures and foreign exchange. Investors will not receive interest whether they buy or sell any foreign currency, and of course they do not have to pay interest.

The trading method of futures foreign exchange is exactly the same as that of contract spot foreign exchange. You can either buy first and then sell, or you can sell first and then buy, which can be a two-way choice.