Choose a foreign exchange futures broker
Another decision to be made at the beginning is whether to concentrate financial resources on the business of one commodity, or to spread financial resources, planting widely and receiving less. Futures traders who tend to sow widely and harvest little often warn against putting all their eggs in one basket. Futures traders who like to concentrate a little money will say, put all the eggs in one basket and concentrate in this basket. In fact, both options are feasible and may fail. The choice mainly depends on personal goals and business style. As far as style is concerned, some people are conservative. They will say patience is a virtue. Adventurers will say that there are two choices to reach the top of the oak tree, climbing up or sitting on the fallen oak fruit. Sometimes some choices are hard to make. In view of the same market situation, there will be completely opposite aphorisms, such as don't sell after the plunge, don't buy after the plunge. It's really hard to decide where to go.
People can follow this commandment: buy things that don't fall in price in the short-term market. The implication of this warning is that this kind of purchase may lead to further price increase. This result is certainly possible, but another result is not uncommon, that is, the price of short commodities does not fall, but does not rise, because other futures traders have insufficient confidence in the results of buying. Similarly, people can also hear that you should never buy things that don't go up in a bull market. It often happens that someone does this, only to find that what they want to buy but don't buy has gone up in price.
The choice of purchase should be based on the size of the opportunity implied in the transaction, or on the buyer's willingness to pay a sum of money to buy a car or other things. In this regard, people should remember: never speculate for a special need. Friends who play cards all have this experience. If he wins a dinner at cards, he will probably go home hungry.
The seller's choice will never be easier to make than the buyer's. They can hear, sell the currency with the highest price, because the market will rebound the most. But at the same time, they can also hear such a warning, selling the currency with the lowest price increase, because if the price of a certain currency does not go up, it will inevitably fall. Buyers and sellers have their own difficulties and reasons. For forex futures trading people who can't make up their minds at the moment, there is a question of receiving consultation. Asking others for advice can not only get inspiration, but also get information. For them, of course, you should never listen to warnings and suggestions from insiders. But at the same time, they should not be taken in by people who say this truth: as long as I have time, I believe that the internal situation can overwhelm the Bank of England or the US Treasury. The government can't stop the market from selling pounds or dollars. ) Information from different sources has different values. Some people think that reading newspapers can get the information they need. Others warned that if you buy today's newspaper, you will sell it tomorrow. Of course, this is a bit excessive, but it does not lose some truth.
Some people even warned not to trust the opinions of brokers too much. Beware of those who have nothing. The market never makes mistakes, it is suggestions that make mistakes. Advice is worthless, but facts are priceless. Some suggestions are really not enough training. For example, you buy when others sell, and you sell when others buy. If everyone does business according to this, won't such suggestions become meaningless empty talk? Most market winners admit that timing is the final factor to decide whether to win or lose. They believe that when to buy and sell is much more important than what to buy and sell. This has almost become the knowledge of the foreign exchange market and businessmen engaged in futures business. Any kind of commodity can make money, and only commodities that can't grasp the time can't make money. If a person doesn't have a plan and doesn't want to follow it, when to stop profitable trading will become a serious problem. No one will object to this warning: stop losing money and let profitable transactions continue to make money. But it is difficult to decide when to stop losing money and how much to indulge in making money.
The credibility of the proverb "sell the good news after it's gone" may be far higher than it deserves. In fact, some markets simply ignored this news. In fact, the first reaction to news may be the result of all price changes. But on other occasions, this may be just the beginning of the upcoming price change. In the latter case, when the good news is gone, buying is more beneficial than selling. The same is true of the motto "Don't sell when you hear about the strike". Some strikes are expected and some are unexpected. Some strikes ended soon, which provided an opportunity to clean up the inventory; Others have been delayed for too long, temporarily or permanently losing the market. In this case, it may be a wise choice to sell quickly after hearing the news of the strike.
Advantageous market opportunities will not always exist, so some traders think it is not necessary to stay in the market all the time, because they firmly believe that trading every day may not necessarily make a lot of money. Most speculators think that trading too much is one of the most serious mistakes. They think that trading too often is a friend of the broker, but trading too often is their friend. Under the uncertainty, businessmen have different views on business. Some people think that if you can understand the market, don't act. But this attitude is obviously unrealistic. So some people think: when in doubt, what should I do? This attitude seems preferable.
In a word, there are all kinds of aphorisms in business circles. It doesn't hurt for beginners to listen. But if you really want to succeed, you still have to make plans and practice more.
Customers of foreign exchange margin trading
1) If you have a certain amount of foreign currency assets on hand: for example, if you have a foreign currency deposit of $65,438+million, if the dollar/euro depreciates by 20%, your assets will also depreciate by 20% relative to the euro. However, in the foreign exchange margin market, if you use a small amount of US dollars as a margin, you can first exchange it for 65,438+10,000 euros through a broker. If the euro appreciates, your assets will not lose anything. If the dollar appreciates, you will lose one year's deposit interest at most.
2) There are a lot of RMB assets on hand: As RMB is linked to USD, the depreciation of USD is equivalent to the depreciation of RMB. Think about how much RMB and how much money Europe asked for two years ago. Therefore, one-year deposit interest should be used to preserve the monetary assets in hand.
3) Have formal foreign business: buy the required foreign currency in advance with a small amount of money to avoid the passive side brought by exchange rate fluctuations.
4) Investment and financial management demand: As the best investment and financial management product in the world, foreign exchange margin trading deserves your high attention.
5) Serious losses in stocks and futures: In the foreign exchange market, there are many opportunities to change from thousands to tens of thousands in a few months, but in the stock and futures markets, it is not easy to double. According to the characteristics of foreign exchange margin trading, you can get up to 10 0 times of financing, which gives you the opportunity to get high profit returns with small funds. With the rapid development of computer technology and the wide application of the Internet, a new foreign exchange trading mode-automatic foreign exchange trading has emerged. This kind of transaction generally has two modes:
1) foreign exchange automatic trading software. Automatic trading software is a software that sets trading procedures according to various technical indicators and a large number of historical statistical results. This kind of software is of little use and expensive, which is unbearable for ordinary investors. In addition, the software has an inherent defect, that is, it lacks enough elasticity. When more people use a software to trade, the trading ability of the software will decline.
2) Automatic foreign exchange trading based on website expert strategy. This trading mode is due to the high development of network technology. The trading strategy provides the same trading signal to experts in real time through the website while trading by itself, and the foreign exchange account set authorized to receive the trading signal will automatically trade according to the signal without the intervention of the account holder. The advantage of this trading model is that account holders do not need to be online often, as long as the following trading experts are set up. And because expert trading has strong adaptability, the effect is better.