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What are the main rules for trading foreign exchange futures contracts

by admin

The main rules for the trading of contracts are: 1. The trading time and delivery of all contracts traded internationally are scheduled by the exchange.

2. When a new law issued by any country or international legal person contradicts the requirements of the contract, the new law becomes the first priority and automatically becomes a part of the trading rules, and all listed contracts and new contracts are bound by it.

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3. There is an expansive daily price limit.

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That is, when futures contracts in a currency move in the same direction for two consecutive days, the price limit will be 150% of the usual price limit on the third day, 200% on the fourth day, no price limit on the fifth day, and return to the normal price limit on the sixth day.

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4. All costs incurred at the time of delivery of the Contract shall be borne entirely by the Seller.

If ONE OF THE PAIRED PARTIES IS UNABLE TO DELIVER, THE OTHER PARTY SHALL BE BELIEVED TO SUFFER LOSSES NOT EXCEEDING 10% OF THE CONTRACT VALUE.

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