Multi-unit cost calculation and risk-return Analysis of Futures Trading
In futures trading, investors are often faced with the choice of multiple contract units. This article will explain in detail how to calculate the cost of multi-unit futures trading and its potential risks and benefits.
I. calculation method of futures transaction cost
The cost of futures trading mainly includes transaction fee, margin, capital cost and so on. When conducting multi-unit transactions, investors needTrikslot5lionmegawaysLearn how to calculate these costs to better control risks.
oneTrikslot5lionmegaways. Transaction fee
The transaction fee is the fee that investors need to pay to the futures company in the process of trading. In general, the handling fee is proportional to the trading unit. In a multi-unit transaction, the formula for calculating the handling fee is:
Transaction fee = number of units × handling fee per unit
Take gold futures as an example, assuming that investors trade 10 gold futures contracts with a handling fee of 10 yuan per transaction, the transaction fee is 10 yuan × 10 yuan / hand = 100 yuan.
two。 Security deposit
Margin is a kind of credit guarantee in futures trading, which is usually proportional to the value of the contract. In a multi-unit transaction, the formula for calculating the margin is:
Margin = number of units x margin per unit
Take soybean futures as an example, suppose investors trade 5 soybean futures contracts, each hand margin is 2000 yuan, then the margin is: 5 hands × 2000 yuan / hand = 10000 yuan.
3. Cost of funding
The cost of capital mainly includes the position cost of investors and the cost of capital occupation. In multi-unit transactions, the calculation of capital cost is more complex, and factors such as contract value and position time need to be taken into account.
Second, the risk and income analysis of multi-unit futures trading.
Multi-unit futures trading can improve the capital utilization rate of investors, but it also increases the risk. The following are the risk and return factors that investors need to pay attention to:
1. Leverage effect
Futures trading has leverage effect, and investors only need to pay a certain proportion of the margin to participate in the trading. In multi-unit trading, leverage may magnify yields, but it may also increase losses.
two。 Liquidity risk
Multi-unit trading may reduce the liquidity of some contracts and affect the trading of investors. When the market fluctuates greatly, liquidity risk may cause investors to fail to close their positions in time, resulting in losses.
3. Fund management
When conducting multi-unit transactions, investors need to pay more attention to fund management to ensure that the account has sufficient funds to cope with market risks. It is suggested that investors allocate funds reasonably according to their risk tolerance so as to avoid over-investment.
III. Conclusion
Multi-unit futures trading not only improves the income potential of investors, but also brings higher risk. Investors need to fully understand the cost calculation method, and combined with their own risk tolerance, carefully carry out multi-unit transactions.
Transaction unit transaction fee margin potential risk 1 hand 10 yuan 1000 ±5% smaller 5 hand 50 yuan 5000 ±25% moderate 10 hand 100 yuan 10000 ±50%