Foreign Exchange Trading knowledge

Orex.com

 

 

Never pay commission-- 100% profit belongs to you
Forex.com does not charge any commission or service fees. All services, such as real-time quotations and orders, news, charts, and comments, are provided free of charge. Secondly, the minimum point difference is only 3 points (. 0003 ). In contrast, the stock transaction point difference reaches 100 points ($. 01), which is more than 30 times the foreign exchange transaction point difference. In addition, additional agent fees are required.

24-hour market = 24-hour transaction-- Arrange the transaction time according to your habits to quickly respond to market changes
Foreign currency trading is the real 24-hour market. From Sunday 17: 00 to Friday 16: 30 (I .e., Monday 5: 00 am Beijing time to Saturday 4: 30am ), it is available 24 hours a day. The Asian, European, and American markets take turns, allowing you to schedule transactions based on your habits and quickly respond to market changes.

Powerful purchasing capabilities --Leverage up
Leverage can improve your purchasing power and increase the return on investment. For example, your account has $1,000 in cash, but you can trade $200 at the leverage of 0.5%: 1 (that is, the deposit ratio of 200,000.

Of course, we also need to remind you that leveraged resources will expand transaction risks while increasing profits.

Bull and bear markets can make profits-- Both short and long
Investors can push short messages and do more without restrictions on the Transaction direction. Profit can be made if the direction is correct. There are no "0 bits" or any other rules for short transactions.

The largest market with the strongest liquidity-- The average daily transaction volume in the foreign exchange market is about $1.9, which is the largest and fastest-circulating financial market in the world.
The high circulation of the foreign exchange market ensures the price is relatively stable, and the phenomenon of slide is rarely seen. In addition, because about 90% of foreign currency transactions are concentrated in the seven major currency pairs, the trend of these currency pairs is easy to grasp, and the point difference is very small, very suitable for trading.

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Read the foreign exchange quotation

Beginners may not understand the foreign currency offer. In fact, you only need to remember the two principles to solve the problem: 1) The first currency in the currency pair is the base currency; 2) the value of the base currency is always 1.

The dollar is the main character in the foreign exchange market and generally serves as the base currency for quotation. In the "main currency pair", there are USD/JPY, USD/CHF, and USD/CAD. which indicates the amount of other currencies a dollar can be exchanged. For example, the USD/JPY price is 110.01, indicating that one dollar equals 110.01 yen.

In a currency pair that uses the dollar as the base currency, if the price increases, the dollar appreciation, and the other currency depreciates on the contrary. In the above example, the USD/JPY price rose to 113.01, which means the dollar rose and the dollar could be exchanged for more yen.

However, with the exception of three currencies, they are the pound (GBP), the Australian dollar (AUD) and the euro (EUR ). The three currencies are often placed before the dollar at the time of quotation. For example, GBP/USD 1.7366 indicates that a pound is equal to USD 1.7366.

In the prices of these three US dollars for non-base currencies, rising prices mean that the US dollar is falling, because it takes more US dollars to redeem for one pound (/euro/Australian dollar ).

In other words, a higher price indicates a higher basic currency, and a lower price indicates a devaluation of the base currency.

A currency pair that does not contain a dollar is called a cross-currency pair. It basically means the same as a dollar pair. For example, if the price of EUR/JPY is 127.95, one Euro equals 127.95 yen.

The quotation is generally calculated byPurchase Price"And"Selling Price"Composition:

"Sell"Means you can sell the base currency at which price (also buy the relative currency), for the two lower prices, you can click the" sell "key in the order window.

"Buy"Means you can buy the base currency at which price (sell relative currency at the same time), for the two higher prices, you can click the" buy "key in the order window.

Foreign Exchange Market Introduction

The foreign exchange trading market, also known as "Forex" or "FX", is the world's largest financial market with an average daily turnover of up to $1.9. -- Equivalent to 30 times the total transaction volume in all U.S. securities markets.

"Foreign exchange trading" is a currency that buys one of the currency pairs at the same time and sells another currency, trading in the form of a currency pair, such as euro/dollar (EUR/USD) or USD/yen (USD/JPY ).

The best chance of foreign exchange trading is always produced by the currencies with the most frequent transactions (also the largest stream), which are commonly referred to as "major currencies ". Currently, these major currencies (including the dollar, yen, euro, pound, Swiss franc, Canadian dollar, and Australian dollar) make up 85% of the daily transaction volume.

The foreign exchange market is a 24-hour global trading market. Sydney was the first to open every day. With the rotation of the earth, financial centers around the world are listed in sequence, from Tokyo to London and New York. Unlike other financial markets, foreign exchange investors can respond in a timely manner to currency market fluctuations caused by economic, social, and political events during the day or night.

The foreign exchange market is a "market-free (OTC)" or "interbank market", because foreign exchange transactions are actually achieved by both parties through telephone or electronic trading networks, unlike stock and futures trading, it is concentrated in a certain exchange.