Let's talk about the characteristics and advantages of foreign exchange. ..
What are the advantages of investing in foreign exchange?
In recent years, the foreign exchange market has gradually developed, with strong trading volume, attracting many people to participate. Buying and selling foreign exchange has become an important investment tool.
A market spokesperson said that the reason why a large number of people are attracted to participate in foreign exchange investment activities is because foreign exchange has the following characteristics:
(a) the investment object is the national economy, not the performance of listed companies;
(2) Foreign exchange is a bilateral transaction, which can be bought up or down, avoiding restrictions;
(3) the investment cost is light;
(four) the volume is large, and it is not easy to be manipulated by big customers;
(5) The transaction procedure is simple;
(six) grasp the degree of loss (stop loss), will not incur greater losses because there is no buyer or seller to bear;
(seven) twenty-four hours trading, trading can be carried out at any time;
(8) High rate of return (the stock only pays dividends four times a year at most, while foreign exchange investors can enjoy interest every day if they hold high-interest currency contracts);
(9) There are a lot of data used for trend analysis (transmitted by international information network, Reuters and financial center).
Leveraged foreign exchange investment has the following advantages:
A. World financial markets
The international market cannot be manipulated by some people, banks, foreign exchange dealers, funds, foreign exchange suppliers or countries. According to the statistics of the National Monetary Fund, the global daily transaction volume is close to $2 trillion.
B. Global business
International foreign exchange transactions are conducted 24 hours a day from east to west. For investors, they can buy and sell foreign exchange almost at any time according to new trends, and they can definitely grasp the fluctuation of exchange rate, which is very convenient for investment.
C, popular market
Participants in foreign exchange transactions include banks, central banks, financial institutions, import and export traders, investment departments of enterprises, fund companies and even individuals, so the rich and the poor have the opportunity to participate in the transactions.
D. Flexible fund scheduling and high liquidity.
In the past 24 hours, investors have traded according to the fluctuation of exchange rate, and there is no time limit for entering and leaving the market. They can remit or remit funds to the market at any time due to the transfer of personal funds, which is extremely liquid and flexible.
E, two-way transaction, flexible operation
The deposit can be bought first and then sold, or sold first and then bought. Trading can be set with Stop Order-Risk Control and Take Profit Order-Guaranteed Profit. In addition to exchange rate profits, investors can also buy currencies with higher interest rates or sell currencies with lower interest rates to earn interest.
F, low cost, the highest profit rate.
The amount of foreign exchange margin can be expanded to dozens of times, so we can make full use of the principle of financial leverage and use funds conveniently and flexibly.
G, the consultation price is correct.
Foreign exchange margin is bought and sold by telephone or online, so in the past 24 hours, investors can choose to appear at will, and there will be no risk of being trapped because they cannot appear, but there may be financial risks for controlling investors.
Let's talk about London gold and silver.
Precious metal futures trading: gold
Gold is a precious and rare metal that will never change. Since ancient times, gold has been regarded as a symbol of wealth. Gold is also an important part of international reserve assets and an investment tool. Although gold began to be monetized by western countries led by the United States in the 1970s, today, 30 years later, the monetary attribute of gold is still prominent in many events and turbulent years, and gold has played the role of a fund refuge to a certain extent. In every portfolio, gold is an indispensable part. In different financial markets around the world, the exchange rates of most stocks, bonds and dollars are in the opposite direction to those of gold, so gold has an important hedging function in a portfolio with scattered risks.
Hong Kong's local London gold market
Hong Kong is regarded as the second largest local London gold market in the world. The actual settlement place of local London gold trading in Hong Kong is London. Unlike stocks or Hang Seng Index futures, local London gold is an irregular market with quotations provided by global gold traders. Investors can bargain and trade in different gold markets around the world by telephone, telegraph and the Internet, so that gold investors can buy and sell almost 24 hours a day.
Business hours of major local London gold markets in the world
9: 00 am-4:30 pm Hong Kong time
3: 30 pm in London-11:00 pm
4: 30 pm-65438+2:00 am (winter time)
8: 20 p.m. to 2: 30 a.m. in new york
9: 20 pm-3:30 am (winter time)
Gold and silver contract details
List of local London gold/London silver trading rules and regulations
London gold London silver contract
Contract multiplier (per lot) 100 ounce 5000 ounce
The minimum fluctuation range is 5 cents/ounce and 0.5 cents/ounce.
Price difference (normal market conditions) 50 cents and 3 cents.
The maximum quantity per bite is 5000 ounces (50 lots) and 250,000 ounces (50 lots).
trading hour
(Hong Kong time) Monday to Saturday (Daylight Saving Time)
8: 00 a. m. to 2: 30 a. m.
Monday to Saturday (winter time)
8 a.m. to 3.30 a.m.
Minimum deposit in advance
Initial deposit (per lot): HK$ 7,000.
Maintenance: HK$ 5,000 Initial deposit: HK$ 7,000.
Maintenance fee: HK$ 5,000
Limit orders/stop orders only accept the market price of 1 USD, and only accept the market price of 5 cents.
pay
Local loco-London gold trading is mainly based on paper, with little spot settlement. Spot settlement procedures are complicated, extra fees are high, and complicated issues such as customs duties and insurance are involved. After the customer's order is executed, according to the market rules, the settlement should be completed on the second trading day after the transaction, but if the customer does not want to close the position immediately, he can choose to postpone the transaction. Under normal circumstances, the buyer must pay interest, and the seller can charge interest.
Interest = purchase price x contract unit x holding days /360 X annual interest rate x lots.
cash deposit
Anyone who buys or sells local Loco-London gold must pay the so-called basic deposit. The basic deposit usually accounts for a certain proportion of the contract amount to cope with market price fluctuations. Once the deposit is paid, if you start buying and selling local Loco-London gold, all open contracts will be counted as profit or loss. If the margin falls below a certain maintenance margin level, the brokerage firm will ask investors to make up the original basic margin level, which is called margin recovery.
Advantages of margin trading
Flexibility: margin trading is conducted by inquiry, and the buying and selling price is quoted by banks or gold traders. Customers decide their own trading direction, and the trading time is as long as 19 hours every day. Investors only need to consider whether the price is satisfactory, without worrying about the trouble of not being able to buy or sell.
Earn both money and interest: investors can take advantage of the characteristics of price fluctuation to buy or sell in advance and earn higher interest in some cases.
Low transaction cost: whether it is large or small, it can be low transaction cost.
Risk control:
Stop loss order: after reaching or passing a certain price, the stop loss order becomes a market order.
Stop-loss limit order: buy or sell at a specified price or better, but only when the specified stop-loss price has reached or exceeded. This is a combination of a stop-loss order and a limit order.
3) Limit order
Refers to a buying and selling order placed at a certain price.
Today's lesson:
Refers to the order that will be cancelled at the close of the day if it cannot be executed on the day of release.
Effective before cancellation
Orders placed by customers are valid within the specified period unless they are executed or cancelled.
Calculation method of gold and silver profit
Profit calculation method:
(buying price-selling price) x contract unit X 7.8* = profit and loss.
Example:
Mr. Wang bought 500 ounces of gold at $365,438+00 per ounce. After two days, the price of gold rose to $3 12 per ounce, and Mr. Wang sold all the 500 ounces of gold held in his account. The gains and losses of Mr. Wang's transaction are as follows:
(312-310) x100 (andesite) X 5 (hand) x 7.8 * = 7,800 (HKD profit)
* The above exchange rates are for reference only.
Calculation method of actual floating profit and loss of local London gold
Profit and loss = [price difference x contract unit x American national railway passenger transport company exchange rate-handling fee+/-interest ]X contract quantity
Basic analytical methods of gold and silver;
Analysis of economic factors
Based on various objective economic factors that affect the price change, the analysis method of predicting the future trend according to the changes of these factors, such as whether the performance of some economic data is good or bad for gold. There are also the credibility of market rumors and market expectations.
Monetary policy (monetary policy)
The government uses some tools to increase or decrease the total amount of cash and deposits held by the people, including adjusting the discount rate and deposit reserve ratio, and opening market operations to stimulate economic development or reduce the pressure of rising prices.
inflation
The phenomenon and process of overall and sustained price increase in a certain period of time.
Usually observe:
Consumer price index
Price change indicators based on the prices of products and services related to residents' lives.
producer price index
Mainly in measuring the price changes of various commodities in different production stages.
Gross national product deflation index
GNP is the sum of national income of a country, regardless of the location of assets. For example, GNP in the United States includes the profits of Americans who have overseas business.
The difference between silver and gold
Investing in gold has become a hot topic recently, but the real "low-priced gold"-silver is still little known. In fact, silver is diving faster than gold at present, so the income is higher.
Since the beginning of this year, the price of gold has been rising from $530/oz, reaching $600/oz in April 1 1, an increase of 13%. The price of silver rose from $9/oz, and broke through 13/oz in April, up 40%!
Why is the price of silver rising so fast? For example, gold is like a large-cap stock in the stock market, and silver is a small-cap stock, because small-cap stocks can be pushed up with less funds. Take the London gold and silver market as an example. The monthly trading volume of gold and silver is similar, but because the price of gold is much higher than that of silver, the trading volume of gold is much larger than that of silver market. In the gold market, it is not so easy for institutions to contain each other, while in the silver market, only one or two people can pull it up a lot.
1July, 997, Warren Buffett began to buy silver. In a short period of six months, he bought11200,000 ounces of silver, which was close to a quarter of the world's annual silver output at that time, and the price of silver almost doubled in the same period.
In the early 1970s, the American oil giant Hunter Brothers tried to make a profit by manipulating the price of silver futures. The price of silver rose from $2.90 per ounce to $6.7 per ounce in less than two months. On the day of1980,65438+10,21,the price of silver reached an all-time high of $50.35. However, due to a series of measures taken by the New York Mercantile Exchange, they were forced to close their positions and the price of silver fell sharply.
The direct reason for the recent increase in silver price is that silver ETFs fund may be listed on American stock exchange. Fund managers buy silver from investors and deposit it in the state treasury. The fund price follows the international silver price, which provides convenience for ordinary investors to buy silver. Barclays plans to issue130,000 units of silver ETF, each unit is 10 ounce of silver. In this way, if all of them are sold, it will become 65.438+0.3 billion ounces of silver and be deposited in the national treasury, which will greatly increase the demand for silver in the international market.
Stimulated by this news, the price of silver rose rapidly. Although there is capital speculation, it is basically the demand for investment. As industrial and investment silver, its main uses are jewelry, electronics and photography. In recent years, although film sales have declined due to the development of digital cameras, the number of prints has increased, so industrial consumption has continued to rise steadily, while silver production has not changed much. As a precious metal, the ratio of gold price to silver price has remained in a range for a long time. In the past few years, the price of silver remained basically stable, but after the price of gold rose sharply, the price of silver became lower, so silver became the focus of attention.
Another difference between silver and gold is that most of the annual output of silver is spent on application, and not much is preserved. The underground reserves of gold are very large. At present, there are 6.5438+0.5 million tons in the world, which is equivalent to 40 times of annual consumption. Therefore, when the price of gold rises rapidly, the recovered gold will also increase rapidly, thus restraining the price increase. The ground inventory of silver is only enough for less than one year, and it is impossible to recycle a lot of silver.
Therefore, as an investment, silver has a low price, a low starting point and a large increase, and it is easier to obtain greater returns.