It is normal to make a profit by keeping a good attitude. Note: You also need to know some basic foreign exchange knowledge.
For example, what is the trading time, what is the English name of the currency, and what are the opening and closing times.
Finish the preparatory work for getting started. We need to know the timetable of foreign exchange gold trading. Opening and closing times of major international foreign exchange markets (the following times have been converted into Beijing time):
Wellington foreign exchange market in New Zealand: 04: 00- 12: 00
Australian foreign exchange market: 6: 00- 14: 00
Tokyo foreign exchange market: 08: 00- 14: 30.
Singapore foreign exchange market: 09: 00- 16: 00
Foreign exchange market in London, UK: 15: 30-00: 30
Frankfurt foreign exchange market: 15: 30-00: 30.
New york foreign exchange market: 2 1: 00-04: 00. In the gold foreign exchange market, three English letters are used to indicate the currency name. The foreign exchange rate is generally English, and the English for gold is Gold.
Dollars, euros, yen and pounds. A standard unit of international foreign exchange is 65438+ million base currency. These are all currency knowledge books of FXCM Gold Exchange, especially some unusual currency English, such as NZD NZD /AUD /JPY, the smallest unit of international spot gold exchange-PIP.
The exchange rate is generally expressed in five digits, and the last digit changes 1, which is the smallest exchange rate change and is called 1. The standard gold in hand is 65,438+000 ounces. While understanding the basic knowledge and time, we need to pay attention to the exchange rate system.
When we know the basic knowledge and time, we need to pay attention to classification and composition. 1. According to whether there is a fixed place for market transactions, there are intangible markets and tangible markets. The gold market mainly trades through brokers. The gold market charges a high fee for each gold broker seat.
2. According to the role of the market, there are dominant gold markets and regional gold markets.
3. According to the degree of market control, there are free trading markets and restricted trading markets.
4. According to the market transaction mode, there are spot market and futures market. The gold trading market can be classified according to its nature, function, trading type and mode, trading control degree and delivery form.
(1) According to its nature and influence on the whole world gold trading, it can be divided into dominant market and regional market.
A. dominate the market. Refers to the market where price formation and trading volume changes play a leading role in other gold markets.
B. regional markets. Mainly refers to the limited scale of transactions, and most of them are concentrated in the local area, which has little impact on the whole world market.
(2) According to the different types and ways of trading, it can be divided into spot trading and futures trading.
The so-called spot transaction refers to a transaction method in which both parties complete the transaction and deliver it within two business days.
The so-called futures trading refers to a trading method in which both parties make delivery at a certain time in the future according to the signed contract.