Basic analysis of stock index futures.

(1) Macro: study a country's fiscal policy and monetary policy, find out the internal value of the market through scientific analysis methods, and compare it with the current actual market value, so as to select the stocks with the most investment value.

(2) Micro: study the economic behavior of listed companies and the corresponding economic variables to provide a reference basis for buying and selling stocks.

Technical analysis of stock index futures.

Technical analysis aims to predict the future trend of stock market price changes, and uses charts as the main means to study market behavior. It is a perfect combination of different research approaches and professional fields.

Basic analysis mainly studies the supply-demand relationship that leads to the rise and fall of prices, while technical analysis mainly studies market behavior. These two analysis methods try to solve the same problem - predicting the possible direction of future prices. Basic analysis is to study the causes of market movements, while technical sub futures analysis is to study the results.

(1) The following problems can be solved through technical analysis:.

① Measure the relative strength of the buyer and the seller.

② Predict how the price will change.

③ Decide when and where to buy and sell.

④ Effectively control risks.

(2) Theoretical basis of technical analysis:.

① Market behavior includes and digests all factors that affect the price: Fundamentals, political factors, psychological factors and other factors should be finally reflected in the price through buying and selling, that is, price changes reflect the relationship between supply and demand, which determines price changes.

② Prices evolve in a trend way. For the formed trend, it usually continues to evolve along the existing trend, such as Newton's law of inertia (an object maintains its static or uniform linear motion state when it is not subjected to external forces).

③ History will repeat itself. Technical analysis and market behavior have a certain relationship with human psychology. The price form shows people's psychology of being optimistic or pessimistic about a certain market through the charts built by a specific futures system, such as the four seasons in nature, the reincarnation of ancient China.

(3) Effective technical analysis method:.

① Moving average.

② Golden section.

③ Morphological analysis.

④ Wave theory.

What is the principle of stock index futures hedging.

Like other futures hedging, the basic principle of stock index futures hedging is to use the similar trend between stock index futures and stock spot to manage the position risk of the spot market through corresponding operations in the futures market.

Due to the arbitrage operation of stock index futures, the trend between the price of stock index futures and stock spot (stock index) is basically the same. If the two steps are not consistent enough, arbitrage will be triggered. In this case, if the hedger holds a basket of stock spot, the futures software company believes that the current stock market may fall, but if he sells stocks directly, his cost will be very high, So he can establish short positions in the stock index futures market. When the stock market falls, the stock index futures can make profits, so as to make up for the losses of stocks. This is the so-called short position hedging.

Another basic hedging strategy is the so-called long hedging. An investor who wants to know how to open a futures account expects to have a sum of money invested in the stock market in a few months, but he thinks that the current stock market is very attractive. If he waits for a few months, he may miss the opportunity to build a position, so he can first establish a long position in the stock index futures. When the future funds are in place, the stock market does rise, The cost of building positions has increased, but the profits obtained from closing positions of stock index futures can make up for the increase in spot costs. Therefore, investors who want to know how to open accounts for futures lock in the cost of the spot market through stock index futures.