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If you have nothing, you can have everything.
Personal strength can also shake the world.
From the poor to Charlie with $200 million. Dennis.
Williams, a short-term expert with a profit of 200 times a year.
Shu Hua is a short-term expert on Wall Street. In a few years, his assets have increased from $40,000 to $20 million.
The same magic is performed every day in the foreign exchange market, and even Buffett, the "stock king", takes part in it, making a profit of $654.38+08 billion in 2004.
As a new type of investment and wealth management commodity, foreign exchange margin trading is being sought after by more and more investors. It means that financial companies (banks, dealers or economic agents) specializing in foreign exchange trading pay a certain percentage of trading margin (generally not exceeding 10%) by signing foreign exchange trading contracts, and buy and sell 654.38 million, hundreds of thousands or even millions of dollars of foreign exchange according to a certain financing multiple.
What is foreign exchange? Even if you buy one currency and sell another. There are five major currencies: US dollar, Euro, British pound, Swiss franc and Japanese yen. But commodity currencies, such as Australian dollar and New Zealand dollar, are also popular currencies for foreign exchange education. All currencies are traded and quoted in USD, for example, USD/JPY, or quoted with each other (i.e. cross exchange rate), for example, AUD/EUR.
What is foreign exchange trading? Foreign exchange transactions are currency pairs traded at floating exchange rates, such as Euro/USD or USD/JPY. It is the largest trading market in the world, with a daily turnover of 1. 9 trillion dollars. The largest foreign exchange turnover in a day is $4 trillion.
The 24-hour trading foreign exchange market is a 24-hour day and night market. It opens at 5 pm EST on Sunday and closes at 4: 30 pm on Friday (from 5 am on Monday to 5 am on Saturday, Beijing time). Including the United States, Europe and Asia. You can flexibly adjust the trading time according to your own hobbies.
High leverage ratio Compared with the leverage ratio of 2 1 provided by brokers and 20 1 in the futures market, the leverage ratio of foreign exchange transactions has doubled. Margin among all investments, foreign exchange margin can be regarded as one of the fairest and most attractive investment methods. Margin trading means that investors use the financing provided by banks, market makers or brokers to conduct foreign exchange transactions. The ratio of margin financing and securities lending provided by margin traders is different, usually between 20 times and 200 times. The greater the financing ratio, the less money customers need to pay. For example, the ratio of margin financing and securities lending is 200 times, that is, the minimum margin requirement is 0.5%, and investors can trade as much as 10000 dollars for only 50 dollars, making full use of the small and wide leverage effect.
In addition to capital amplification, another attractive feature of foreign exchange margin investment is that it can be operated in both directions. You can buy for profit when the currency rises, or you can sell for profit (short) when the currency falls, so you don't have to be restricted by the so-called bear market.
How often can a transaction be made?
The number of transactions per day depends on market conditions. Generally speaking, a small trader trades 10 times a day. Most importantly, because there is no handling fee for foreign exchange margin, the bid-ask spread is small, and customers can trade many times without worrying about the high transaction cost.
How long can this position last?
Generally speaking, a position can be held all the time, unless one of the following situations occurs: 1. Profit liquidation; 2. Trigger the specified stop-loss disk; 3. There are more profit opportunities, and you need to release the used margin to establish new positions.
How long should this position be maintained?
About 80% foreign exchange trading positions are maintained for less than days, while 40% trading positions are maintained for less than two days. In general, the position can be maintained to: 1. Has made enough profits. The stop-loss order has been added to the commission. 3. Another better trading opportunity needs financial support.
The difference between "intraday trading" and "overnight trading"
Daytime trading is trading within 24 hours after the end of all normal transactions. Overnight trading refers to trading that still holds positions after normal trading, and the trading platform will automatically add the interest rate (according to the interest difference) to the trading price of the next day.
Excellent liquidity
The daily trading volume of 4 trillion yuan in the foreign exchange market ensures the stability of prices and reduces the possibility of slippage. It has a regular operation capacity of up to10 billion.
The management skill of capital risk is one of the keys to the success or failure of investment. Many very smart investors have made emotional mistakes in capital management. We suggest that the most important thing in fund management is to ensure the safety of principal, and then pursue the maximization of profit.
The implementation of stop loss and profit principle should be fixed. After making mistakes, we should first enforce discipline, and then conduct off-site reflection.
Adjust the risk according to your own situation. If you are a novice trader, I hope you can master the ratio of account funds to opening margin. The general Fengxian law tells us that the risk of each transaction cannot exceed 5%- 15%. For example, you open a position with 5% of the total margin. If you lose money, you can use the remaining 95% 5% to open a position.
The ratio of risk return to profit target and tolerable loss is generally set at 2: 1, but 3: 1 is better.
Don't forget the stop loss. Usually, when it often runs counter to your expectations, investors will unconsciously want to adjust the stop loss level, but once the stop loss level is set, don't change it, otherwise the stop loss will lose its role in protecting assets.
Risk warning
Never invest in derivative financial products with funds that can't bear risks, because the value fluctuates. For investors, derivative financial products are risky and investors may not be able to recover their original investment. In some specific transactions, investors may not only lose the initial investment funds, but also generate uncertain debts that need to be repaid later.
The inherent characteristics of derivative financial products determine that it is not suitable for investors who want to obtain stable income from investment, because the value of such investment income will fluctuate, and it is difficult to obtain reliable information about the value of these investments or the degree of risks they face.
Trading system download
Real account and simulated account
Simulated account, free experience of real trading: open simulated account, experience the fun of trading, simulated account can test trading technology and learn foreign exchange trading methods. Our mock account is valid for 3 months, free of charge. Simulated trading is exactly the same as real trading, and you can try various trading methods without real money. For foreign exchange novices, after a period of simulated study and proficiency, they can open mini accounts and experience real transactions. The minimum opening amount for a mini account is only $500. A mini account can help you learn more about the real foreign exchange market with the least money. Although this understanding can also be experienced in simulated transactions, it is not as good as the actual experience of real capital gains and losses.
What is foreign exchange?
It is recommended to know some basic foreign exchange knowledge first.
There are two kinds of foreign exchange transactions. One is the bank's foreign exchange treasure, the spread is around 40 o'clock, and you can only buy up, not down. It is a firm transaction, which requires a lot of money, is difficult to control risks and has little profit. Basically, it is to help banks make money. Advantages, stable income. The other is foreign exchange margin trading, which can buy up and buy down, false trading, use less funds, easily control risks and gain more. However, if there is no stop loss point at the time of loss, you will lose a lot by luck. High returns are bound to be accompanied by high risks! Investment mainly depends on whether the risk is controllable. Suppose a customer opens a foreign exchange treasure and a foreign exchange margin trading account at the same time, with the capital of 17457 USD each.
On 2005-10-116: 30, the customer overpaid at 1.7557 17: 49. (The customer uses Man Cang, the trading platform of Waihuibao, and only uses the minimum transaction amount of foreign exchange margin: US$ 65,438+0,000).
(A) Comparison of transaction processes
A: When the exchange rate is 1. 7457 hours (Beijing time 16: 30)
Foreign exchange treasure transaction process foreign exchange margin transaction process
65,438+07,457 dollars is converted into 65,438+00,000 pounds, which is an increase of 65,438+0000 dollars.
B: When the exchange rate is 1. 75: 57 (Beijing time 17: 49)
The equivalent of 10000 pounds is converted into 17557 dollars, and the settlement transaction is increased by pounds.
C: transaction settlement
Profit 100 USD, profit of 625 USD.
Compare the profitability of these two investments.
Foreign exchange is short for international exchange. The concept of foreign exchange can be divided into static and dynamic. Dynamic foreign exchange refers to the financial activity of converting one country's currency into another country's currency to pay off international debts. In this sense, dynamic foreign exchange and international settlement are the same. Static foreign exchange is divided into two parts.
Broad sense and narrow sense. Foreign exchange in a broad sense refers to foreign exchange mentioned in foreign exchange management regulations. It refers to all external financial assets. Article 3 of China's current Regulations on the Administration of Foreign Exchange in People's Republic of China (PRC) stipulates that foreign exchange refers to the means of payment and assets expressed in foreign currency that can be used for international settlement. Foreign exchange in a narrow sense refers to the means of payment expressed in foreign currency for international settlement.
Foreign exchange has both dynamic and static meanings.
The dynamic meaning of foreign exchange refers to the international exchange behavior and process of converting one country's currency into another country's currency, that is, a special commercial activity to pay off international creditor's rights and debts.
The static meaning of foreign exchange refers to the financial assets expressed in foreign currency that can be used for external payment. Article 3 of the Regulations on Foreign Exchange Control in People's Republic of China (PRC) stipulates: "Foreign exchange as mentioned in these Regulations refers to the following means of payment and assets that can be used for international settlement in foreign currencies: (1) Foreign currencies, including banknotes and coins; (2) Foreign currency payment vouchers, including bills, bank deposit vouchers and postal savings vouchers; Foreign currency securities, including government bonds, corporate bonds and stocks; (4) Special drawing rights; (5) Other foreign exchange assets. "
With the in-depth development of China's reform and opening up, foreign-related economic activities have penetrated into all fields of the national economy. Whether it is import and export trade, scientific and technological academic exchanges, or the introduction of foreign capital, the issuance of B shares, H shares or global government bonds, and overseas securities financing, almost all involve foreign exchange, that is, foreign payment means different from RMB. As an international means of payment, foreign exchange is active in international trade and international financial markets. Compared with RMB, its activities are more unpredictable due to complex international factors.
Foreign exchange is a product of international trade and a means of payment for international trade settlement. Foreign exchange refers to foreign exchange, "exchange" refers to the transfer of money in different places, and "exchange" refers to the conversion between currencies. From a dynamic point of view, foreign exchange refers to the exchange of one country's currency into another country's currency, which is circulated internationally to settle the creditor's rights and debts arising from international economic exchanges. From a static point of view, foreign exchange is also a means and tool for international settlement, such as foreign currency and various securities denominated in foreign currency. The International Monetary Fund (IMF) defines foreign exchange as: "Foreign exchange is the creditor's rights held by monetary authorities (central bank, monetary management institutions, foreign exchange stabilization fund and the Ministry of Finance) in the form of bank deposits, treasury bonds and long short-term government bonds, which can be used when the balance of payments is in deficit. These include bonds that are not circulated in the market due to central bank and intergovernmental agreements, regardless of whether they are expressed in the currencies of debtor countries or creditor countries. " According to the definition of IMF, China has made more explicit provisions on foreign exchange. Article 2 of the Provisional Regulations on Foreign Exchange Control in People's Republic of China (PRC) stipulates that foreign exchange refers to 1. Foreign currency, including banknotes and coins; 2. Foreign currency securities, including government bonds, government bonds, corporate bonds, stocks, coupons, etc. ; 3. Foreign currency payment vouchers, including bills, bank deposit vouchers and postal savings vouchers; 4. Other foreign exchange funds.
Formally speaking, foreign exchange is a foreign currency or foreign currency assets, but it cannot be considered that all non-domestic currencies are foreign exchange, and only those convertible foreign currencies can become foreign exchange. The currency of a country that accepts the provisions of Article 8 of the International Monetary Fund Agreement is internationally recognized as a freely convertible currency. These countries must abide by three laws and regulations: 1. Do not restrict the payment and capital transfer of frequent international exchanges; 2. Do not implement discriminatory monetary measures or multi-currency exchange rates; At the request of another member state, it is always obliged to exchange the other party's national currency in current transactions. Up to now, the currencies of more than 50 countries in the world are freely convertible. In addition, the currencies of all countries that accept the provisions of Article 14 of the International Monetary Fund Agreement are regarded as limited convertible currencies, and the similarity of these currencies is manifested in the imposition of various restrictions on international current payments and capital transfer. For example, restricting residents' free convertibility or restricting foreign exchange in capital projects. China's RMB is a limited convertible currency.
In China, more than 20 foreign currencies can be listed and traded in the foreign exchange market. They are: US Dollar, Deutsche Mark, Euro, Japanese Yen, British Pound, Swiss Franc, FRF, ITL, NLG, BEC and Danish Krone.
How to do foreign exchange?
To learn foreign exchange, you must first know how to trade. This is easy to handle. Just open an account. Traders recommend FXDD, with large scale and excellent Chinese service! ! !
In terms of trading, first of all, we know that you can trade foreign exchange with margin, and 30,000 yuan can trade 3 million yuan. For example, if you have 6,543.8+10,000 yuan, you can trade 6,543.8+10,000 yuan with 6,543.8+10,000 yuan, and the remaining 90,000 yuan can bear 9% of the losses and double the profits. If the balance of the account margin is insufficient, the banker will automatically close the position for you, and you will lose 90,000 yuan.
Foreign exchange can be done in both directions, and you can be bearish as much as you want. Buy USD/JPY if you look at USD/JPY, and sell USD/JPY if you look at USD/JPY.
Then, the transaction is a bit bad, and the currency spread with large circulation is small. For example, if you buy at 1.2900, the price changes by 50 points, and the dealer collects 5 spreads, you earn 45 points, and those 5 spreads are used as the dealer's reward.
Overnight interest. Generally, if the leverage ratio does not exceed 1:50, interest can be charged. For example, if you buy USD/JPY, you will get USD interest (5.25%) and pay JPY interest (0.25%).
That's about it.
As for analysis, there are technical analysis and basic analysis.
Technical analysis depends on exchange rate patterns, trends and various technical indicators.
The basic analysis is to pay attention to global political and economic events, as well as economic policies, central bank policies, interest rate adjustments, and various economic indicators.
Learn analysis by yourself, and I'll say it again here.
I hope the above will help you.
Data affecting foreign exchange
(1) trade figures
A country's trade balance reflects its economic situation. For example, when exports exceed imports, the trade balance is black, which has a positive impact on the national economy.
(2) Balance of payments.
This data includes "current account" and "capital account", which reflects a country's economic situation. When the balance of payments is in deficit, the currency value of this country tends to decline.
(3) Gross domestic product
GDP reflects a country's economic growth rate and economic scale.
(4) Unemployment rate.
If the unemployment rate rises, it shows that the national economic development tends to slow down.
(5) Non-agricultural wages.
This figure shows the number of employees in the national industrial and commercial fields, and the increase in the number indicates the expansion of the economic scale.
(6) Industrial production
Reflect the total industrial production of a country. The higher the number, the more active industrial production.
(7) Production orders (factory orders)
The number of new orders received by manufacturing enterprises often increases with the increase of figures.
(8) Enterprise inventory (business inventory)
Inventory quantity of all goods in the production enterprise. The increase in this figure means that sales are stagnant, which has a negative impact on the value of the currency.
(9) Equipment utilization rate (capacity utilization rate)
The total usage of machines in a country. The higher the number, the better the country's economic performance, which has a good influence on the currency value.
(10) Consumer Price Index
Indicates the rise or fall of consumer goods prices and shows the inflation rate of a country.
(1 1) producer price index
Indicates the rise or fall of the prices of means of production, and shows the inflation rate of a country.
(12) Retail
The total retail sales indicate the purchasing power of consumers in this country.
(13) Personal income
Personal average income means the increase or decrease of national average income.
(14) Personal consumption
The average consumption power of individuals indicates the increase or decrease of national average expenditure.
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