The principle of foreign exchange is similar to futures and warrants. You can summarize the characteristics of futures/warrants yourself, so that it will not be difficult to understand foreign exchange transactions! In fact, foreign exchange is to buy money with money. For example, if you change your RMB into dollars, and you buy dollars in euros, the price will be limited by exchange rate fluctuations! If you go to the bank to exchange Hong Kong dollars or US dollars, it is also a foreign exchange transaction, which is an ordinary transaction. Speculating foreign exchange is just like speculating futures. How to speculate in foreign exchange? This is a matter of opinion! Generally speaking, foreign exchange speculation is to use the US dollar as the local currency and use other non-coal currencies in the international foreign exchange market to trade the fluctuation of the US dollar. If you have never been exposed to foreign exchange speculation, it is not recommended to rush in. You might as well go to Sina Foreign Exchange, FX 168, American Jiasheng and other websites first, and register a simulator to see how savvy you are in this respect. During this period, in addition to being familiar with the operation process, the most important thing is to learn the fundamentals of the international foreign exchange market-the political and economic forms and technical figures of major countries in the world. The Knowledge and Skills of Foreign Exchange Speculation written by Blade has been used by many banks as a teaching material for training foreign exchange traders. This book has both theoretical and practical examples, which is easy to understand. Might as well buy it and have a look. It is also a top priority to speculate in foreign exchange and choose banks. At present, many banks in the mainland have the business of speculating foreign exchange. We should go to several banks and let speculators choose popular ones, because some banks often like to "misoperate" the operating platform when the foreign exchange market fluctuates violently, which often makes people doubt the correct judgment at the beginning and step on the wrong rhythm-lose money! Whether it is a firm offer or a virtual offer, opening an account is very simple. Just take the original and copy of my ID card to the bank of your choice and sign an agreement with them. (Bank of Communications deposits also need to fill out a questionnaire about your experience and risk tolerance in operating foreign exchange. ) said that the agreement is actually a format contract printed by the bank, and we just need to sign it. Then open an account, open a card and deposit the money. It is estimated that the transaction will be completed in the next working day. We only pay the difference in foreign exchange speculation, and there are no other fees. At present, the firm trading of major banks in the mainland is characterized by low risk and low income, which will be about 10% after one year. If you want to make money, you must rely on the word "forbearance". Generally speaking, as long as you don't cut the meat easily after quilt cover, you can't think that you are losing money. Even if you don't cut the meat at two thousand, you will always have money in your hand. In ten or eight years, you will untie it one day. I don't advocate cutting meat, because stop loss is a very profound knowledge. Whether it is a firm offer or a deposit, the smaller the exchange rate, the more money you will earn. For example, when the exchange rate between US dollar and Canadian dollar is 1. 17, you sell US dollars and buy Canadian dollars. When the exchange rate between the US dollar and the Canadian dollar drops to 1. 15, you will change back to the US dollar, including the price difference, and you will get 200 points. For example, when the exchange rate between the euro and the dollar is 1.27, you think the dollar will fall and the euro will rise. You sell dollars to buy euros, and the euros rise to 1.2820. You change them into dollars, including the price difference, and you earn 120 points. What is a "point"? How to calculate? According to the international market practice, the minimum unit of quotation is 65438+ 0% of the minimum value unit of quotation currency, which is usually called "point". If the minimum value unit of the US dollar is cents, the minimum quotation unit of other currencies against the US dollar is 0.000 1. When the exchange rate of the euro against the US dollar rises from 1.2800 to 1.2900, it is usually called that the euro rises 100 or the US dollar falls 100. However, since the smallest unit of Japanese yen is Yuan, the smallest unit of Japanese yen quotation is 0.0 1 Japanese yen. When the exchange rate of USD/JPY rises from 12 1.60 to 122.60, the market calls USD/JPY up 100 or JPY down 100. The quotations of most other currencies against Japanese yen are basically the same. For example, the euro against the yen is 156.70. When the exchange rate rises by 100, some people will call it euro rise 1 yen. Banking professionals said that we must pay attention to the following issues. First, there must be a legitimate source of foreign exchange. The basis of individual foreign exchange transactions is the original foreign exchange in the hands of residents. At present, the main channels for Chinese residents to obtain foreign exchange are: remittance, foreign exchange carried by returned laborers, foreign exchange carried by returned entrepreneurs, foreign exchange wage income of employees of foreign-funded companies, and black market trading in foreign exchange. Black market trading in foreign exchange is illegal. Huimin should abide by the laws and regulations of the state on foreign exchange management. Second, pay attention to the risk of investing in QQ group: 27762449. The quotation of personal foreign exchange trading business is determined by referring to the real-time exchange rate of the international financial market and adding a certain bid-ask spread, so the quotation also fluctuates with the fluctuation of the international financial market, which has certain foreign exchange risks. Third, we should constantly enrich the knowledge of foreign exchange speculation. Foreign exchange speculation should have basic financial knowledge and understand the basic situation of the global foreign exchange market, such as the formation of foreign exchange, the motivation of participants, the formation of exchange rate quotations and so on. It is necessary to understand the basic factors that affect exchange rate changes, such as basic economic factors, political and media factors, policy factors of central banks, psychological and market forecasting factors, and emergencies. Successful foreign exchange collectors are "all-rounders". Fourth, we should have a good psychological quality, and we should not be arrogant in winning and unwilling in losing. Only by keeping risks in mind, stopping losses scientifically and taking profits in time can we become a successful foreign exchange speculator.