Although it was a bit unfair for his father to use Zhang Xinyuan's best skill to compete with Fu Song, it was a big improvement compared to their previous attitude.
But before he could be happy, Fu Song actually chose the most difficult hell mode.
It was like a basin of ice water was poured on her head, and Tang Keke felt chilled to the bone.
Fortunately, she did not give up hope completely: "How are your futures trading skills?"
Then, Fu Song blinked his confused eyes and asked, "What are futures?"
Tang Keke was stunned: "You don't even know what futures are?"
Fu Song: "It's not that I don't know him, at least I've heard of his name.
Hey, don't go away, tell me something!"
Tang Keke's expression was filled with despair: "Is there any need to continue? You might as well just admit defeat."
Fu Song was at a loss for words when Tang Bing said, "Brother-in-law, I know what futures are."
His eyes lit up: "You know? That's great, tell me about it."
Tang Bing coughed and tried his best to look like a scholar: "When it comes to futures, it's actually very simple.
In reality, bulk commodity transactions such as cotton, soybeans, and oil often occur.
Futures can be seen as virtual transactions of these bulk commodities, and the principles are similar to those of stocks.
The only difference is that when buying stocks, you buy shares, while when trading futures, you buy margin.
The margin ratio is approximately 10~15%.
For example, if you want to buy 100 tons of cotton, and cotton costs 3,000 yuan per ton, 100 tons would cost 300,000 yuan.
If the margin ratio for cotton is 10%, then you only need to pay 30,000 to get the contract to purchase these 100 tons of cotton.
When the price of cotton rises to 3,500 yuan per ton, the margin will become 35,000 yuan.
If you resell it, you will make a net profit of 5,000 yuan."
Fu Song smiled and said, "I understand. It's actually just speculation by buying low and selling high!"
Tang Bing nodded: "This is speculation.
However, unlike stocks, which can only be bought for growth, futures can be sold short.
If you expect the price of a commodity to fall, you buy it short.
As long as it falls, you can still make money."
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