Foreign exchange is a payment voucher expressed in foreign currency for international financial settlement. The International Monetary Fund's interpretation of foreign exchange is that foreign exchange is a creditor's right held by monetary management authorities (central bank, monetary institutions, foreign exchange stabilization fund and Ministry of Finance) in the form of bank deposits, treasury bonds and long-term and short-term government securities. Can be used when the balance of payments is in deficit. Including: foreign currency, foreign currency deposits, foreign currency securities (government bonds, treasury bonds, corporate bonds, stocks, etc.). ) and foreign currency payment vouchers (bills, bank deposit vouchers, postal savings vouchers, etc.). ).

Judging from the regional scope and peripheral speed of foreign exchange transactions, the foreign exchange market has two basic characteristics: spatial unity and time continuity.

The so-called spatial unification refers to the use of modern communication technologies (telephone, telegraph, telex, etc.) in foreign exchange markets of various countries. ) foreign exchange transactions, so that the relationship between them is very close, the whole world is more and more linked together, forming a unified world foreign exchange market.

The so-called time continuity means that the foreign exchange markets in the world alternate with each other in business hours, forming a circular operation pattern. The component of the foreign exchange market is a trading company or individual who uses its own funds to buy and sell foreign exchange bills to obtain the bid-ask difference. Most foreign exchange dealers are operated by trust companies, banks and other institutions 24 hours a day, and the market is characterized by global market and 24-hour intermittent aging.

superiority

1, with large turnover and high market transparency. The average daily turnover of the global foreign exchange market is $4 trillion. There is no banker in such a big market, and foreign exchange investment is aimed at the national economy. Data and news are shared around the world.

2. Flexible leverage and light transaction cost. Adjustable leverage ratio can effectively reduce transaction costs and improve capital utilization;

3, two-way trading, profit is not limited by market conditions, foreign exchange transactions can be long or short, regardless of bear market or bull market, as long as the market fluctuates, there will be opportunities for profit;

4.T+0 trading, 24-hour market. The 7x24 uninterrupted foreign exchange market in the world is different from stocks. Foreign exchange is a T+0 transaction and can be bought and sold at any time;

5. The risk is controllable, and the stop loss and limit point can be preset. By setting stop and limit points, traders can control losses or lock in profits in time;

6. the transaction is rapid, and the immediate transaction does not need to wait for the usual market conditions. All orders can be closed at a specified price or within a specified range.

golden

Gold is also called spot gold. Spot gold is an international investment product. Gold companies set up a trading platform to conduct online transactions with market participants in the form of leverage to form an investment and wealth management project.

Investment characteristics

1.？ The price of gold fluctuates greatly: according to international? The market price of gold is quoted according to international practice. Due to various international political, military, economic, supply and demand factors, as well as various emergencies, gold prices are often in violent fluctuations. Can we take advantage of this fluctuation? The difference is used for gold trading.

2. Long trading time: each company has different operating time according to different situations, and the longest trading time is 22 hours a day, covering the trading time of major international gold markets. (Daylight saving time is from 8: 30 Monday to 02: 30 Saturday; 8: 30 Monday-03:30 Saturday winter time)

3. Real-time settlement of funds: T+0 trading rules allow liquidation on the same day, and investors can conduct multiple transactions if market trends allow.

4. Convenient transaction and simple operation: Is the online trading system mainly used to place orders, or is it ok? Telephone orders, trading software is easy to learn. The company also provides market analysis system and market analysis report.

5. Two-way trading: the price of gold rises, making more money; Gold prices fall, short and make money. Stocks can only be operated unilaterally.

6. Risk control: Stop-loss and profit-taking can be set, and price-limiting transactions can be conducted in advance to grasp profits and control losses.

7. Leveraged trading of funds: the margin will be automatically increased by 100 times during trading, which will improve the utilization rate of funds and lower the trading threshold.

8. No dealer controls the market: investment is in the international market, not listed companies. The daily trading volume of the market is large, and institutions can't control the market, so it is impossible to sit in the village.

9. Low transaction costs.

future

Futures, commonly known as futures contracts, refer to standardized contracts formulated by futures exchanges and agreed to deliver a certain number of subject matter at a specific time and place. This subject matter, also called the underlying asset, is the spot corresponding to the futures contract. This spot can be a commodity, such as copper or crude oil, a financial instrument, such as foreign exchange and bonds, or a financial indicator, such as three-month interbank offered rate or stock index.

Transaction characteristics:

bidirectional

One of the biggest differences between futures trading and stock market is that futures can be traded in both directions, and futures can be long or short. When the price rises, you can buy low and sell high, and when the price falls, you can sell high and make up low. Going long can make money, and shorting can also make money, so there is no bear market in futures. In a bear market, the stock market will be suppressed, while the futures market will remain unchanged and opportunities will still exist. )

low cost

Futures trading countries do not levy stamp duty and other taxes, and the only cost is the transaction fee. The procedures of the three domestic exchanges are about two ten thousandths or three ten thousandths, plus the additional fees of brokers, and the unilateral handling fee is less than one thousandth of the transaction amount.

lever action

Leverage principle is the charm of futures investment. Futures market transactions do not need to pay all the funds, and domestic futures transactions only need to pay 5% margin to obtain future trading rights. Due to the use of margin, the original market has been enlarged ten times. Assuming that the daily limit of copper price closes on a certain day (the daily limit in futures is only 3% of the last trading day), the operation is correct. The return on capital is as high as 60%(3%÷5%), which is six times the daily limit of the stock market. (You can make money only if you have the opportunity)

Double the opportunity

Futures is a "T+0" transaction, which makes your capital use to the extreme. After grasping the trend, you can close your position at any time.

Risk department

Spot gold > foreign exchange > futures (futures are subject to price limit)