Preparation for foreign exchange speculation: Like stock speculation, you need to download professional MT4 foreign exchange viewing software.
Understand the basics:
1. What is foreign exchange?
Foreign exchange is the creditor's rights held by the monetary management authorities (central bank, monetary management 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. , which can be used when the balance of payments is in deficit. Understand micro xinxi22200
Including foreign currency, foreign currency deposits, foreign currency securities (treasury bonds, treasury bonds, corporate bonds, stocks, etc.). ) and foreign currency payment vouchers (bills, bank deposit vouchers, postal savings vouchers, etc.). ).
By 20 15, China ranks first in the foreign exchange reserves of governments around the world. The United States, Japan, Germany and other countries have a large number of private foreign exchange reserves, and the overall foreign exchange reserves of the country are much higher than that of China.
Second, why should we invest in foreign exchange?
On 20 17, the national people's congress. The Prime Minister mentioned that he proposed to promote foreign exchange trading, which shows that foreign exchange will be the most popular investment and wealth management product in China in the next few years.
1, the largest financial market in the world.
The daily average trading volume of the foreign exchange market is as high as 6 trillion US dollars, and the market circulation is extremely high, which is dozens of times higher than the stock market of any country. Active quotation makes it have investment potential;
2, 24 hours non-stop, two-way trading is more flexible.
Foreign exchange trading is a 24-hour trading market. Foreign exchange trading is buying one currency and selling another. If investors are optimistic about the trend of a certain currency, they can choose to buy it in the market. If you are bearish on the trend of a certain currency, you can choose to sell it in the market. Investment opportunities are more flexible and rich, and there are investment profit opportunities no matter whether the market rises or falls;
3. The foreign exchange price in the fairest and most transparent trading market in the world is influenced by macro-international factors, such as politics, military affairs, economy, supply and demand, interest rates set by local central banks, stock market, economic environment and data, policy decisions, various political factors and major events, which are beyond the control of a single investor or group. Investors in foreign exchange transactions are distributed all over the world, and foreign exchange prices are quoted according to the international money market and international practices. Insider information and insider trading are hard to happen and the market is hard to be manipulated. In addition, the trading volume in the global foreign exchange market is huge, and it is difficult to control the price alone, so investors can trade in a fair environment;
4. High liquidity.
The foreign exchange market is one of the largest financial markets in the world economy. Market participants include banks, commercial institutions, central banks, investment banks, hedge funds, governments, currency issuers, note-issuing banks, multinational organizations and retail investors. Therefore, the liquidity of the foreign exchange market is extremely high, and investors do not have to bear the investment risks caused by the lack of trading opportunities.
5. The transaction operation is simple.
Foreign exchange transactions in the market mainly use online trading platforms to place orders directly. The online trading platform provided by the company is fully functional and provides information on foreign exchange market and related trends, which is convenient and simple to operate.
It is precisely because of the above advantages that the foreign exchange market attracts a large number of investors to invest in transactions.
How to speculate in foreign exchange?
Foreign exchange transaction is the exchange of one country's currency with another. Different from other financial markets, the foreign exchange market has no specific place or central exchange, but trades through electronic networks among banks, enterprises and individuals. So how to do it quickly? If it's the first time I've heard about foreign exchange speculation and I haven't been exposed to it, how do you think I should learn? Of course, finding a teacher who can teach the fastest is a personal matter, and taking the time to learn and understand is also your own business. If no one takes it and gropes for it by themselves, most of the small partners will not waste less time and pay tuition to the market. So how to get started quickly?
1, learn foreign exchange knowledge
Refer to some books about stocks, foreign exchange, precious metals and crude oil futures. There are many such books on the market. Pick dozens of books you think are useful or books recommended by others and read them quickly. The purpose of fast reading is to understand what foreign exchange is all about and what efforts should be made in the future.
2. Theory plus practice
Don't read carefully when reading. Learning too much will only confuse your mind and forget what you have learned before. The most effective and quickest way is to apply what you have learned and apply what you have learned. At first, it is best to suggest simulation operation, which not only eliminates the need to pay tuition fees, but also can be used to practice hands, killing two birds with one stone.
3. Gradually own your own trading system.
Most trading systems are borrowed from others at first, or you can use books from others. In this way, at least the order can be said at the beginning, but after a long time, problems will arise. After all, it is not explored by itself and cannot be perfectly integrated into the trading system. Have their own ideas and ideas in operation. According to your frequent problems, sum up and constantly improve your trading system.
Precautions for beginners to speculate in foreign exchange:
Foreign exchange speculation, like other investments, should not be impetuous and arrogant.
1, the first is mentality, as the saying goes, "seven points mentality, two points technology, one point luck." When investors enter the market for the first time, they face great fluctuations and their mentality is easily affected. Impatience or complacency is a taboo for successful investors.
2, position control, foreign exchange is a leveraged transaction of funds, it is very important to strictly control the reasonable position and principal ratio, since it is an investment, it can not be Du Bo;
3. Newcomers to the market, if there are professionals around them, may wish to "learn from the teacher" first and take fewer detours;
4. Look down on profit and loss. The investment market is a zero-sum game. You earn, others lose, so no one can always be a winner.
5. Decisiveness and hesitation can certainly avoid some mistakes, but they also lose some chances of success. If you are prepared to fail, you will gain something. Spectators can't see the profit. It's no use talking on paper.